Page last updated at 10:08 GMT, Wednesday, 8 October 2008 11:08 UK

Fire hits Eurotunnel's earnings

Train using the Channel Tunnel
The fire has hit Eurotunnel's earnings

Eurotunnel has said it lost 21m euros ($28.6m; 16.4m) as a result of the fire in the Channel Tunnel last month.

The fire, which broke out on a freight train on 11 September, injured 14 people and closed the tunnel between the UK and France for almost two days.

Eurotunnel said it earned 189.2m euros in the three months to 30 September, but without the fire estimated it would have earned about 210m euros.

The impact of the fire meant Eurotunnel saw a fall in traffic levels.

'Not significantly affected'

"Thanks to the commitment of our personnel and to our insurance cover, the group should not significantly be affected by this incident," said Eurotunnel's chief executive Jacques Gounon.

Eurotunnel said it had insurance cover for material damage and operating losses amounting to 900m euros - equal to more than a year's worth of its earnings.

The firm's earnings for the same three months last year totalled 214 euros.

Due in part to the fire, Eurotunnel saw the number of lorries passing through the Channel Tunnel on its trains decline by 14%, compared with the same quarter of 2007.

The transfer of passenger cars fell 12%, while those of coaches declined 22%.

By contrast, separate company Eurostar - which pays Eurotunnel a fee to run its passenger trains through the tunnel - saw passenger numbers rise 6%.




SEE ALSO
Channel Tunnel safety review call
29 Sep 08 |  UK Politics

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