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Eurotunnel parent company reports £105 mln loss for H1 2021

The cost of the pandemic on cross-Channel traffic has resulted in Eurotunnel's parent company, Getlink, posting a net loss of €123 million for the first six months of 2021. This compares to a loss during the same period last year of €79 million.

Eurotunnel, which operates between Folkestone and Coquelles, has seen passenger traffic numbers plunge as a result of travel restrictions introduced on both sides of the Channel. Car traffic using the crossing is down 61.7% between January and June compared to the first six months of 2020.

And while Eurotunnel remains the market leader for freight crossings, accounting for almost 39% of cross-Channel traffic, the number of crossing have reduced to as a result of the pandemic and Brexit.

While there was a surge of stock-piling of goods leading up to the end of the transition period at the end of 2020, the additional administrative pressures of the split from the EU has seen numbers dip.

According to kentonline.co.uk¸ the figures for the first six months of 2021 are still below that of pre-pandemic 2019.

 

Click here to view the financial data.


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