Oireachtas Joint and Select Committees
Wednesday, 1 June 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Delays at Dublin Airport: Discussion
Mr. Dalton Philips:
We were losing €1 million every single day. Our net debt doubled. We had to reduce costs. We did not know how long the pandemic would go on for. We certainly did not think it would recover in 2022 to the extent it has. As it said, the estimates were that it would be 2024 or 2025. We reduced our overall staffing level by 25%, with a voluntary severance scheme across the business. That got us down to about 70% of what we needed. We felt that going into 2022, with 70% of our staffing, we would be okay, and we were wrong.
No comments