Mr. Basil Geoghegan:

The low-cost operators are already back and will likely win the next battle, but we must remember that they are low cost and not necessarily low fare. They charge as high a fare as they can, and they can at the moment. We are seeing that because there is not a great deal of capacity being provided by others. Hub airports will probably recover faster than others because it is easier for them to get traffic in and out. We will see a little of that.

I hope that numbers return more quickly. If it is 2024, that will be great, but my crystal ball is not clear.

To give the committee a sense of it from the DAA's perspective, the Chairman's point on competition is absolutely right-----