Oireachtas Joint and Select Committees
Wednesday, 14 October 2020
Joint Oireachtas Committee on Transport, Tourism and Sport
Aviation Sector: Discussion
Mr. Paul Hackett:
With regard to Senator Dooley's remarks, the level 3 clarification does not apply to the travel industry because of the 95% rule.
We need to understand that if a company is trading below 80%, it should qualify for support, irrespective of what level the country is at. That is where the travel industry is. The industry is unique in that no other industry will be consistently operating at that level.
We are also slightly concerned about the low turnover levels. Our turnovers are artificially inflated because we are buying airfares and other services and selling them on. Our margins are tiny. Margins in the industry relative to turnover are also an issue for us because we do not want-----
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