Overview

• Eurostar will launch direct services between London St Pancras and both Frankfurt and Geneva from the early 2030s under a memorandum of understanding between the UK and Switzerland.
• The routes are set to be served by up to 50 new high-speed trains costing around €2 billion, with journey times of about five hours to Frankfurt and five hours 20 minutes to Geneva.
• The expanded fleet will also allow Eurostar to boost daily return services on its flagship London–Paris line from 17 to 20 and add a fifth return service to Amsterdam by mid-December.
• Eurostar carried 19.5 million passengers in 2024—a 5% increase—and reported revenue growth of 2% to €2 billion alongside €346 million in underlying earnings.
• Rival operators including Virgin Group, FS Italiane and start-up Gemini Trains have submitted proposals to enter the Channel Tunnel market, challenging Eurostar’s depot capacity.