Ms Mary Considine:

The proposal with the 20% pay reduction is for a temporary pay reduction while we recover from this pandemic. All indications are that the recovery will be slow. Airport Council International, ACI, which represents airports all over the world, predicts that recovery to 2019 levels will not happen until 2024. CAPA, the centre for aviation, announced some research lately predicting that airport revenue will not return to pre-Covid levels for five to ten years. We are looking at a reduced level of activity in Shannon Airport for the near and medium term. Consequently, we must implement measures to reduce pay as we work through the recovery period. The support scheme will not alleviate the requirement for the 20% pay reduction.