Is Eurostar in financial trouble?

Strong cash generation has enabled Eurostar Group to repay €127m of debt and at the end of December 2022, total debt stood at €964m. We have turned the page on the COVID crisis and are now moving towards a new chapter of building the new Eurostar Group, bringing Eurostar and Thalys together”, says Gwendoline Cazenave.



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The two clear agents of doom for Eurostar were Covid and Brexit – the pandemic almost killing the service entirely in 2020 when international travel was all but banned; and Britain's exit from the EU making stations unviable due to the lack of capacity for increased border requirements.

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The accounts - for the year to Dec 31, 2021 - reveal the company racked up pre-tax losses of £305m as Covid continued to hamper travel. A spokesman for Eurostar said: “The business has continued to grow and rebuild throughout 2022.”

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This is soon the end of a beautiful adventure. Eurostar train company announced they were to stop direct trains between London and Disneyland Paris starting from the summer 2023. Going to Disneyland Paris straight from London will be no longer possible very soon! This is what Eurostar announced this August 30, 2022.

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Eurostar is being forced to cancel its London to Amsterdam service for almost a year. The operator's four daily services each way could be suspended for almost 12 months beginning in June 2024 while work is undertaken on the Dutch Capital's Centraal Station.

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E urostar has announced it is scrapping its direct train service to Disneyland Paris - citing Brexit and the post-pandemic recovery as reasons for the move.

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Although the government thought higher profits could increase the price tag, it decided to sell to avoid uncertainty and risks. However, the timing was “primarily driven by the desire to sell prior to the 2015 general election”, said the NAO.

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The Eurostar monopoly for the potentially lucrative London and Paris trade faces a challenge from a name that will be familiar to British readers: National Express. To all the prosaic names associated with the Channel Tunnel, there is one more waiting in the wings.

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Is Eurostar International a good company to work for? Eurostar International has an overall rating of 3.6 out of 5, based on over 170 reviews left anonymously by employees. 70% of employees would recommend working at Eurostar International to a friend and 55% have a positive outlook for the business.

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Eurostar check-in process Eurostar passengers require a valid passport or identity card. You will pass through UK, French, Dutch or Belgian customs depending on the journey you are undertaking.

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French signalmen refuse to speak English Which is why all Eurostar train drivers are required to be bilingual to a point. All candidates must take a nine-month course, which includes going to live with a French family, before they even get near a train.

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Despite being majority-owned by the French state railway, SNCF, Eurostar was thought to have already exhausted options for governmental assistance from Paris, but both the French transport minister and the UK Department for Transport confirmed they were working on further plans to maintain the service.

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The reason is that the cheap return tickets have to be used on the specified train and cannot be transferred without paying more money. The single tickets generally have no restrictions on them so you can use any train on that route or get a refund if you don't use it.

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Sales 2022: €1,532 million • EBITDA: €332 million • 14.8 million passengers carried.

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