View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 19, 2022

Dublin Airport seeks hike in charges as pandemic hits finances

DAA wants a greater raise to passenger charges than the currently planned increase to $9.4 (€9) in 2023.

Dublin Airport Authority (DAA), which owns and operates Dublin Airport and Cork Airport, intends to increase passenger charges from $8.92 (€8.50) to $15.29 (€14.58) by 2026 to enable its €2.5bn investment plan, The Irish Times reported.

DAA’s plan is in response to a review by the Commission for Aviation Regulation (CAR).

The airport operator wants CAR to allow the company to increase the maximum per-passenger charge levied on airlines in stages.

Passenger charges are currently planned to increase to $9.4 (€9) in 2023, however, DAA wants the regulator to increase them further.

DAA CEO Dalton Philips was quoted by the news agency as saying: “Despite implementing a vast programme of emergency mitigations, 66 million passengers, €900m in revenue and more than €500m in earnings have been lost over the period 2020 to 2022.”

Philips explained that the Covid-19 pandemic has hit the airport’s finances and changed the assumptions on which existing charges were based.

He added that DAA’s net debt has soared to $1.04bn (€1bn), from $603m (€575m) in December 2019.

Last November, DAA submitted plans to the Fingal County Council to overhaul Dublin airport’s Terminal 1.

As part of the upgrade, DAA plans to replace the terminal’s core façade and roof with a structure that saves energy.

The refurbishment would also see a combination of glass and solid panels replacing the antiquated concrete fins.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The airport industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Airport Technology