Despite the global recession being experienced in all corners of the world, The Chief Executive Director of Eurotunnel maintains that the company is very stable and in “good health”. Director Jacques Gounon was speaking to the Associated Press saying that the company has not noted any difference in its operations.
According to Jacques, he is not anticipating any major falls this year, or any notable drop in the number of leisure passengers. Eurotunnel is an English Channel Operator which operates between London and Paris.
Mr. Gounon said that the traffic of tourists over the Easter Holidays was pretty much the same as that of the other years. The CEO is of the assumption that even in times of harsh economic times; people will still have the urge and need to “get away from it all”.
Passengers ferried on high-speed trains under the English channel, according to the head of the Groupe Eurotunnel SA, still recognize and appreciate the importance of leisure travel. It is projected that the passenger traffic will generally remain like that of last year, or perhaps negligibly weaker which is expected in any business. The weakness however is not attributed to the recession.
Towards the end of last year, the company experienced financial uncertainties and a massive reduction of passenger traffic due to the fire that broke out in September. Eurotunnel has however managed to cope up with the consequences of that destructive fire and business has since been restored to normal.
Eurotunnel has managed to efficiently control its total cost, which was evident in the recently released financial reports where the company is paying dividends to its devoted shareholders. It is in the confidence exuded by CEO Jacques Gounon on the company’s stability amidst recession that portrays the firm foundation of the English Channel operator.