Oireachtas Joint and Select Committees

Tuesday, 28 July 2020

Special Committee on Covid-19 Response

Covid-19: Impact on Aviation

Mr. Ray Gray:

From the point of view of Dublin and Cork airports, the financial impact has been both devastating and unprecedented. From the moment we went into what was, essentially, a lockdown situation, our income ceased to come in. At the same, we have necessarily kept the airports open and operating in order to facilitate the delivery of essential PPE and to ensure both the repatriation of Irish citizens and essential travel.

Keeping an airport fully open costs in the region of €30 million a month, or €1 million a day. That has been devastating, particularly as we have had to dip significantly into the cash reserves we had built up to invest in the business.

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