Oireachtas Joint and Select Committees
Wednesday, 28 October 2020
Joint Oireachtas Committee on Transport, Tourism and Sport
Issues Affecting the Aviation Sector: Discussion (Resumed)
Ms Mary Considine:
I am happy to take the question. Once we have clarity on the testing protocols we should be ready to go in a matter of days. It is critical that we get clarity on the type of testing. Ideally, we would all like the rapid antigen testing, but failing that we are ready to go with PCR testing. It needs to be clarified quickly. We have already talked at length on that today.
On the liquidity, our revenues are down on average €1.3 million per week since the onset of the pandemic. This is extremely significant for an entity of our size. While we have taken measures to reduce costs and reserve liquidity, it is now critical in light of the slow recovery envisaged for the industry and given the recent announcements by Ryanair on closing its bases through the winter and Aer Lingus not resuming its services from Shannon until the summer schedule of next year. At this stage we have only one confirmed US carrier for next year, which is American Airlines, but this is all dependent on how the virus evolves between now and then and where we are with the vaccine. There is a huge number of variables and that is why we need clarity on the supports we are going to get from Government. We hope that the national economic plan in November will address that. It is really urgent that we are included in the regional airports' programme, which will provide operational funding as well as capital funding. We need to continue to provide a level of operational facilities such as cargo movements, general aviation transits and a resumption of scheduled traffic, albeit we will not get back up to normal levels of activity. To do all that there is a significant cost to keeping the airport open. This is why operational funding will be very important to sustain us through this recovery.
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