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Displaying items by tag: Major Losses

Ferry firm Stena has posted major losses for the first six months of the year after the pandemic devastated travel.

Coronavirus has seen passenger numbers slashed and freight reduced on Stena Line's key routes - including those from Holyhead, Liverpool and Heysham to ports in Ireland and Northern Ireland.

Now Stena AB Group has posted figures from the first six months of the year.

The Stena Line ferry operation had losses of –1,014 Swedish Krona (SEK) (Around -£87m) over the period - the bulk of these losses in the first three months of the year.

For further breakdown Business Live has more of the operator's results.

Published in Ferry

About Stena Line

Stena Line is one of Europe's leading ferry companies with 37 vessels and 17 routes in Northern Europe operating 25,000 sailings each year. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company is family-owned, was founded in 1962 and is headquartered in Gothenburg. Stena Line has 4,300 employees and an annual turnover of 14 billion SEK.

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