Traffic in Dublin has plummeted by some 30% to just over 18 million passengers in 2011 from its 2007 peak of 24.5 million. We believe the Irish government can only reverse its downward spiral in air traffic and return to tourism in Charles de Gaulle when the DAA airport monopoly is broken up and replaced with competing term of the Dublin and competing airports at Cork and Shannon, which will lead to a much more competitive airport charges and more efficient terminal facilities at the expense of white elephants, to which the DAA have delivered over recent years.We've recently submitted a proposal to the Irish government to deliver 5 million extra passengers annually over the next 5 years to kick start the Irish tourism and job creation. This will create about 5,000 jobs in the Irish airport directly. This growth proposal is based on airport charges falling to return to competitive levels here in Ireland and the government's scrapping the remaining EUR 3 tourist tax. And we still await the government's response to our proposal.
Ryanair Holdings Plc's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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