General Industry News
Irish economy grew 5.5% last year, outpacing European peers
The Irish Times – 06.03.2020
Growth in the State’s economy outpaced European peers again last year, increasing by 5.5 per cent in value to €347 billion, according to preliminary figures from the Central Statistics Office (CSO). “Despite significant external headwinds last year, not least slowing global growth and Brexit-related uncertainty, these figures confirm the resilience and momentum in our economy,” said Minister for Finance Paschal Donohoe. “Of course, we are now heading into a precarious trading environment as a result of the spread of coronavirus. While primarily a public health and well-being issue, the economic impacts have the potential to be significant,” he said, adding that the country enters this period “from a position of strength”.
Ryanair and Aer Lingus reduce flight numbers due to coronavirus
Hospitality Ireland – 03.03.2020
Ryanair has announced it is reducing its short haul flight programme, primarily to and from Italy, by up to 25% from Tuesday March 17 until Wednesday April 8 due to the COVID-19 virus.The airline said there has been a significant drop in bookings for the late March/early April period as a result of the virus, and noted that there has also been a significant increase in the number of passengers not showing up for flights, particularly from and within Italy.Aer Lingus has also seen a drop in bookings to Italy as a result of the virus and is likewise reducing the number of flights it is running to the country in March.