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P&O plays down rise in fuel costs
Saturday, 22 Jun, 2005
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P&O has insisted there will be no change to the financial performance of its ferries operation despite a rise in fuel costs.
In a trading statement, the company also said that while the lack of berthing capacity at Calais saw sailings between Dover and Calais fall 14%, operations are now back to normal.
“Across the [ferry] business as a whole, trading has been as expected,” the statement said. “Tourist carryings, and as a consequence on-board spend, are lower but rates were slightly improving.”
The statement, issued ahead of the close of its first half on June 30, added that underlying profits across the company would be in line with expectations.
Report by Steve Jones
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