Ms Mary Considine:

Similarly to the DAA, and as I touched on in my opening remarks, we have seen a collapse in airport revenue. We have also seen a collapse in revenue into our heritage sites. Across the group we have three main businesses so our property revenue has continued but we have seen slight reductions there. From an overall group perspective our revenue will be down about 60% this year so it is very significant for us. We have eaten into the cash reserves of the airport and we are subventing significant losses in the Shannon heritage business. We would not be in a position to continue that over the winter period and we have had to take difficult decisions to not open some of our sites this year and temporarily close others at the end of the peak season because of the level of losses we are incurring.

The pandemic has been devastating for our business. We had little or no traffic coming through the airport until the end of June. We saw a slight pick-up in July but we are still 80% below the levels that we would normally be operating at from a passenger perspective. It has wiped out not only aeronautical revenue but also commercial revenues because we are dependent on air passengers coming through our terminal to generate commercial activity and revenue for the airport, so it has been very significant for us.