Cork Airport Generated €904m For The Irish Economy In 2019
Cork Airport generated €904 million for the Irish economy and contributed to the employment of 12,180 people in 2019, according to a new economic impact report by global management consulting firm InterVISTAS Consulting.
The report's release coincides with the revelation that Cork Airport recorded a fourth consecutive year of growth in 2019, with passenger numbers growing by 8% to 2.6 million.
The airport expects to play host to 2.7 million travellers in 2020.
"Crucial" To The South's Economy
In a statement on Cork Airport's website, the airport's managing director, Niall MacCarthy, said, "The last economic impact study of Cork Airport was conducted in 2015 and it is fantastic to see the airport's positive contribution to the Irish economy is continuing to grow significantly. Not only does Cork Airport support 12,180 jobs locally, it also contributed €904 million to the Irish economy in 2019. This figure alone highlights just how crucial Cork Airport is to the economy here across the south of Ireland.
"In total, Cork Airport directly supports 2,200 jobs at the airport itself with DAA employees, airlines, ground transport, handling, maintenance, food and beverage, logistics companies, government agencies and hotels. Of the total gross value added by Cork Airport to the economy, €173 million of that is a result of these direct jobs, and each one of those 2,200 people have made Cork Airport the success it is today as it continues to be Ireland's fastest growing airport."
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.