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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: 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.

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 will most of Mr. Walsh's members coming off hedging? When will they come off 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: Does Mr. Walsh anticipate that next year they will be into a variable market, an open market in terms of 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: Are they able to do 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: Have most of his members hedged for next year as well?

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: Does Mr. Walsh expect there will be a significant increase in the cost for passengers flying next year?

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 give us an indication of what he believes that minimum increase would be?

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 will appreciate that I am a Deputy for Limerick City and Limerick west, including Shannon Airport. I want to pick up on his observation that where there are airports that are dominant, a lack of competition must have good regulation. Ireland is a small island. We are not that unlike Holland in one sense. We are going over to Schiphol tomorrow. It diverts flights to Rotterdam....

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 question is what if Shannon had a European hub. Mr. Walsh spoke about charges and if there were supports on a route for a period, which is allowed under European Commission rules if the passenger numbers are less than 3 million. He will be aware of that. Will airlines use Shannon as a hub? Hypothetically speaking, let us say we had a link to Frankfurt or Schiphol. Would airlines look...

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 does Mr. Walsh dismiss the hub outright?

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: How many of the passengers on a typical flight to, say, Schiphol or Dublin, would be people from Ireland? What percentage would be connecting flights from elsewhere?

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 means that departing flights could have 70% connecting passengers coming in from other airports.

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: Do you think that cannot happen at Shannon?

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: It is a volume game.

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