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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: 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.

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....

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