Eurotunnel 'on track' despite loss

Eurotunnel slumped to a full-year loss today as a long-running dispute over insurance payments arising from a fire in 2008 offset a rise in passenger numbers.

Higher debt costs also impacted on the Channel Tunnel operator but revenues increased 26% to €737m in 2010 following an 11% rise in car traffic to more than 2.1 million.