Air capacity puts squeeze on ferries
It said since the beginning of the year a 4% rise in freight volumes has been offset by a 4% drop in passengers on its ferry services.
“The tourist market into Ireland is facing perceptions of a high cost destination combined with substantially increased low fare air capacity from the UK, our principal market. In addition many new destinations are being served from the UK by low fare air carriers,” chairman John McGuckian told the company’s annual general meeting yesterday.
