Sunday 17 December 2017

Shannon has priced itself out of market, says O'Leary


Gordon Deegan

Ryanair chief executive Michael O'Leary has claimed that Shannon airport "has priced itself out of existence".

The claim, contained in a letter to Clare County Council, met with an angry response from the Shannon Airport Authority (SAA) yesterday, which described the letter as "self-serving and having no basis in fact".

Mr O'Leary states that traffic at Shannon "has continued to implode" as a direct result of "unjustified Dublin Airport Authority (DAA) cost increases".

Mr O'Leary estimates that traffic out of Shannon this year will be 1.4 million -- down by more than half of its 2007 peak of 3.6 million when the five-year Ryanair deal delivered 1.7 million passengers.

A spokesperson for the SAA said last night: "Ryanair's so-called 'estimate' for traffic at Shannon is false and bears no relation to the true expected position at the airport for 2011."

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business