Eurostar continues to eat into airlines’ market share - TravelMole


Eurostar continues to eat into airlines’ market share

Tuesday, 02 Apr, 2004 0

Eurostar today claimed airlines are continuing to lose market share on routes from London to Paris and Brussels. The Channel Tunnel rail passenger service achieved a February market share of 66% on London-Paris, up from 58% year-on-year. Share on London-Brussels rose to 52% against 38% in the same period last year. Eurostar claimed British Airways lost 11% market share on the London-Brussels route while Ryanair, Air France and EasyJet all saw their proportion of carryings to the two continental cities drop. The high-speed train service saw passengers rise 19% in the first quarter of 2004 to more than 1.6 million over the same three months last year, partly fuelled by year-round £59 lead-in return fares. Sales increased to £106 million, up 17% on the £90 million achieved in the first quarter of 2003. The opening of a high speed link through Kent six months ago has helped improved Eurostar’s punctuality. The company claimed that 89% of the 8,600 trains which have run on the line arrived on time or early against 73% in the same period last year. Report by Phil Davies



 


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Phil Davies



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