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Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: The ebbs and flows.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: In his statement Mr. Walsh indicated that the recovery in Irish aviation appears to be ahead of Europe and the rest of the world. Why has that been the case? The question for people at the moment is the cost of air travel. What will we see happening in the next six months to a year in terms of the cost of travel? I invite Mr. Walsh to make a general comment and then I will come back...

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Why is that?

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Is that related to Brexit?

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Mr. Walsh is saying that the flow of traffic from the UK to Ireland has come back more than the flow of traffic from Ireland to the UK.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: That is Mr. Walsh's instinct.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: That is having a knock-on effect.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Where would Mr. Walsh say that recovery is percentage-wise?

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Tell us about the prices for people travelling-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Will Mr. Walsh explain the difference in that regard and give us his observations? He referred earlier to the price of Brent crude being way out of line with the price of jet fuel. Will he explain that? Mr. Walsh referred to that, but will he tell us what is happening there and the impact it is having? Obviously, that will feed into the price for customers. I do not want to-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Mr. Walsh said it is about 17%.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Why?

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: We are looking at 36% now.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: That is still of the order of 2.5 times-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Where does Mr. Walsh see that going? How will it feed it into the price for consumers?

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: Mr. Walsh is as good an expert on this area as anyone.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: At a fixed price.

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: When does Mr. Walsh anticipate we will see increases in the cost as-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh (16 Nov 2022)

Kieran O'Donnell: That is very high.

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