Cork Airport releases study on its economic impact

Cork Airport releases study on its economic impact
Cork Airport contributes significantly to the economy, according to a report released today.  Picture: Des Barry

Cork Airport generated €904 million for the Irish economy in 2019, according to findings in an economic impact study released today. 

The report revealed Cork Airport also contributed to the employment of 12,180 people in Ireland, equivalent to 10,740 full-time jobs, who earned a total of €457 million.

The findings of the study come as Cork Airport recorded a fourth consecutive year of growth in 2019. 

The number of passengers flying through the airport grew by 8% last year, to 2.6 million. 

In 2020, 2.7 million people are forecasted to travel through the airport, up a further 5% on last year.

Cork Airport is also Ireland’s fastest-growing and most punctual airport. 

The report was conducted by global management consulting firm InterVISTAS Consulting.

"The last economic impact study of Cork Airport was conducted in 2015 and it is fantastic to see the airport’s positive contribution to the Irish economy is continuing to grow significantly," said Cork Airport’s Managing Director, Niall MacCarthy.

"Not only does Cork Airport support 12,180 jobs locally, but it also contributed €904 million to the Irish economy in 2019. This figure alone highlights just how crucial Cork Airport is to the economy here across the south of Ireland."

"In total, Cork Airport directly supports 2,200 jobs at the airport itself with daa employees, airlines, ground transport, handling, maintenance, food and beverage, logistics companies, government agencies and hotels. 

"Of the total Gross Value Added by Cork Airport to the economy, €173 million of that is a result of these direct jobs."

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