The cross-Channel train service has seen a 95% fall in passengers during the Covid-19 pandemic

Eurostar has said it is facing an existential threat, as business leaders pleaded with the government to step in and save the “vital link” with Europe.

A 95% drop in passenger numbers has brought the cross-Channel train service to its knees, and the company reiterated on Sunday that while government loans had been extended to aviation, international high-speed rail had also been severely affected by the pandemic.