Second runway at Dublin Airport plans scrapped
Friday April 24 2009
Plans for a second runway at Dublin Airport have been shelved.
The Dublin Airport Authority said it has to introduce a number of cost-cutting measures because of a significant drop in profits and passenger numbers last year.
Its annual report shows that profits at the company are down by 28 per cent, while passenger numbers dropped by over three million and are expected to drop by a further 11 per cent this year.
The group says it will be engaging with staff in the coming weeks, to discuss ways to reduce its operating costs.
The DAA is also seeking a price increase on passenger charges from the Commission for Aviation Regulation, to cover the costs of its new passenger terminal, which is due to be completed by 2010.
