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DAA's 2020 Losses Are Approaching €150m

By Dave Simpson

Dublin and Cork airports operator DAA's losses so far in 2020 are currently approaching €150 million, according to DAA CEO Dalton Philips.

As reported by The Irish Times, Philips told Irish Tourism Industry Confederation (ITIC) chief executive Eoghan O'Mara Walsh in an online interview that the COVID-19 pandemic has had a "devastating" impact on DAA.

Philips said that DAA is currently losing approximately €1 million per day due to the continuing pandemic, and that it could take three or four years for Dublin Airport's passenger numbers to recover.

Capital Expenditure Projects

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Philips also said that Dublin Airport's new runway project is going ahead, but suggested that other capital expenditure projects could be scaled back.

© 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.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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