dublin

Airport numbers set to top 38 million

Passenger numbers at Dublin Airport will be 34 million next year and to rise to 38.1 million in 2024, according to a projection by the Commission for Aviation Regulation (CAR).

Passenger numbers at Dublin Airport will be 34 million next year and to rise to 38.1 million in 2024, according to a projection by the Commission for Aviation Regulation (CAR).

That’s based on a fairly modest growth rate of 3pc per year, but would put the airport dramatically in breach of current planning rules.

Passenger numbers are capped at 32 million a year, a condition of planning permission secured in 2006 for the construction of Terminal 2.

The cap was imposed because of pressure on infrastructure such as roads associated with numbers travelling in and out of the airport.

However, CAR forecast the much higher numbers through the airport as part of a review published last week along with its ruling on maximum passenger charges that can be levied by Dublin Airport for the next five years.

CAR cut the amount the airport can charge airlines per customer, but determined the amounts raised would still secure sufficient revenue to cover the cost of a €2.3bn capital programme.

The CAR determination appears to be based on levying the charges on higher passenger numbers than are permitted.

Last month DAA, which operates Dublin Airport, formally asked Fingal County Council – the local planning authority – to raise the cap on passenger traffic to 35 million.

DAA has also recently requested that transfer passengers – almost two million of whom flew into Dublin last year for connecting flights but never leave the airport – be excluded from the tally.

But based on CAR estimates even that won’t keep pace with growth.

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Dublin market heading for big gain on Brexit hopes

Dublin market heading for big gain on Brexit hopes

Dublin’s ISEQ index is on track for its biggest one-day percentage gain this year, soaring more than 230 points (3.7%) this evening, boosted by optimism that a Brexit deal can be reached.

After holding talks yesterday in the UK, Taoiseach Leo Varadkar and British Prime Minister Boris Johnson said they saw “a pathway to a possible deal”.

EU negotiator Michel Barnier and his British counterpart Stephen Barclay, meanwhile, held a “constructive” meeting today, both the British and EU sides said.

Shares in the banks jumped in Dublin this evening with AIB surging more than 13%, while Bank of Ireland was up over 11% and Permanent TSB gained 7%.

Other shares recording strong gains included ICG, Ryanair, Cairn Home sand Dalata Hotel Group.

Irish government bonds also rallied today, outperforming their euro zone peers on hopes that a Brexit deal was in sight.

European markets were also higher this evening, with the Frankfurt DAX jumping 2.3%, while the Paris CAC had gained 1.7% and the London FTSE index was up 0.84%.

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July was the busiest month ever at Dublin Airport

July was the busiest month ever at Dublin Airport

Almost 3.5 million passengers travelled through Dublin Airport in July, making it the busiest month in the airport’s 79-year history.

Passenger numbers increased by 4% compared to the same month last year as the airport welcomed an average of more than 110,000 passengers per day during the month.

The number of passengers travelling to and from continental Europe increased by 5%, as more than 1.9 million people took flights to and from European destinations in July.

UK traffic increased by 2%, with almost 939,000 passengers travelling to and from destinations in the UK.

Transatlantic traffic increased by 5%, with more than 484,000 passengers travelling between Dublin and North America last month.

Other international traffic, which includes flights to the Middle East, North Africa and the Asia Pacific region, increased by 2%, as almost 111,000 passengers travelled to and from these destinations in July.

The number of passengers on domestic flights declined by 3%, with just over 10,800 people taking flights within the Republic of Ireland last month.

Dublin Airport traffic is up 6% so far this year with more than 19 million passengers travelling through the airport in the seven months to the end of July. Dublin Airport has welcomed just over one million additional passengers during the period.

More than one million passengers have used Dublin Airport as a gateway to connect onward to another destination between January and July, which is a 9% increase compared to the same period last year.

The airport supports 117,300 jobs in the Irish economy, including 19,200 people employed directly at the airport and its environs. The economic activity underpinned by Dublin Airport in terms of the spin-off benefits through trade, tourism, and jobs, is estimated to be worth €8.3 billion to the Irish economy annually.

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