Paris: Getlink, the channel tunnel tunnel operator between France and England, reported Thursday to deepen the losses in the first half of this year as Brexit and Traffic Pandemic Covid-19 flowed hard.
Revenue came at 326 million euros ($ 385 million) in the first six months of this year, a drop of 12 percent from the same period last year when Covid-19 first hit.
It was a decline of 38 percent of the pre-pandemic level in 2019.
Net losses swelled to 123 million euros, compared with 88 million in the first six months of last year.
It also surpassed the loss of 113 million euros he suffered in 2020 as a whole.
The company said the results reflected “pandemic effects and with new administrative formalities for Brexit.” It was said that the high-speed Eurostar train service “was very disturbed due to limiting government travel” such as other passenger services through tunnels.
Eurostar services experienced a decrease in 96 percent of the pre-pandemic level of 2019 to more than 200,000 passengers.
The decline in car traffic was 78 percent and 87 percent traffic coach.
Meanwhile, the company said Lorry Traffic, which “had an impact on the first three months of this year due to stockpiling before the end of the transition period (Brexit) at the end of December and adaptation to the new administrative formality, taken in the second quarter.” Lorry crossed only by 3 percent of Level in the first half of 2020, with a 21 percent decline in the first quarter was followed by a 23 percent increase.
But still down 20 percent of the pre-pandemic level in the first half of 2019.
The company said it was impossible to provide any performance estimates “as long as the government failed to take a stable long-term position on restrictions on international travel”.
Losses deepen the channel channel on Brexit
