Oireachtas Joint and Select Committees
Thursday, 17 January 2013
Public Accounts Committee
Commission for Aviation Regulation - Financial Statement 2011
Commission for Communications Regulation - Financial Statement 2011
Commission for Energy Regulation - Financial Statement 2011
11:05 am
Mr. Cathal Guiomard:
There was a period in early 2009 when all the Irish registered airlines, including Ryanair briefly, were losing money. It was when the downturn in the economy was very severe. Most of them, and certainly Ryanair and Aer Lingus, have returned to profitability since then. Others are taking longer to do that. We have engaged with the airlines that hold licences and we monitor them closely in terms of the steps they are taking to come back to profitability.