Travel tax 'has cost Exchequer €482m'

Irelands €10 travel tax has cost the Exchequer €482m in lost revenue, according to a report commissioned by Ryanair, Aer Lingus and CityJet.

The Amsterdam Aviation Economics report said the Government will only take in €116m from the controversial tax.

The report also says 3,000 jobs wil be lost as a direct result of the levy.

The airlines are calling for it to be abolished immediately.