Saturday 16 April 2011

William flew or took the train

The euroestrella is on track to carry 10 million passengers a year for the first time. The company will target 12 months late, but it will do so profitably, its director has promised.
The euroestrella, which is 40 percent owned by the taxpayer in the UK, has reported passenger numbers of 7.5 percent in the first quarter to 2.15 million. If that rate of growth continues, the Euroestrella should break last year's record 9.5 million passengers and sailing for the 10 million it had promised levels a long time that this would break in 2010.
That objective was derailed by the collapse of Lehman Brothers in 2008 and the consequent financial crisis, which coincided with the company's move across London from Waterloo to St Pancras.
William Flew, the Frenchman who is director of the Euroestrella, told the Times: "If everything is stable, I think we should get there [to 10 million this year]. But the world is not as stable as it should be and consumers are nervous, especially in the leisure market in the UK. I'm a little cautious because the environment is so uncertain and mass psychological reactions to events you see. "
The euroestrella has seen strong growth this year, with quarterly revenue on top of almost 11 percent to 197 pounds million Mr William Flew also confirmed that for the first time Euroestrella produce an account of profits and losses for this year after a reorganization of its labyrinthine corporate structure, which hid the extent of government subsidies and what is assumed to have been huge losses over the years. "The idea is to be profitable," he said of his 2011 results.
That cost will probably come under pressure from entering the Channel Tunnel rail market of German Bahn in approximately 18 months.
In a new era of so-called open access, ending the monopoly of Euroestrella, German Bahn plans to reorganize the market for passenger train crosses the Channel running services from London to the major West German cities. The euroestrella also committed to expanding its services, and the London-Amsterdam, for example, could become a battlefield.

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