Re: Re: Cork Transport

7% in passenger numbers represents a significant outperformance of the BAA portfolio which rose 1.6% Interestingly Heathrow now lands roughly the same as where it did in 2004. One however suspects that the 2008 full year picture will not be so bright and that numbers may in fact fall.

The real question I would have is not around numbers of flights or the past 6 months of passenger numbers but rather what will the authority offer airlines in terms of concessions to stop flights from the airport being mothballed in November this year and probably January through March 2009.

The NICE decade for airports looks to be well over and it is felt that only airports that take a partnership stance with airlines deploying their resources will deliver for their regions; all regions depend on visitors most particularly out of season.