Oireachtas Joint and Select Committees
Wednesday, 16 November 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh
Mr. Willie Walsh:
Initially, it was because of the lack of refining capacity. Given the low demand for jet fuel, refineries had switched to producing other products. It is not easy to switch production at a refinery back to jet fuel. The recovery in the airline industry probably caught the refineries by surprise as well. What we are seeing, without question, is they are milking that now. The margins the refineries are making are way in excess of what they would traditionally-----
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