Tax unites Aer Lingus and Ryanair for first time
The tax was expected to raise €95 million in 2009 and €150m in a full year. However, figures from Revenue show the Government has collected just €58m from the tax in five months and it has now revised its estimates to €125m.
Airline analyst, Joe Gill, estimates the tax could cost the economy around €450m a year as tourists will stop coming to Ireland.
