draiochtanois wrote: » This post has been deleted.
KCAccidental wrote: » Don't think Cork airport will ever go bankrupt while under DAA ownership. The mothership would swallow any losses.
If it did end up bankrupt, I would imagine the government would intervene.
Carnacalla wrote: » May I ask, is the Old Terminal used anymore, even for offices?
KCAccidental wrote: » there is no such thing as terminal 1 & 2 at Cork Airport. There is the terminal and then there is a building in a state of decay with no baggage system or facilities.
Carnacalla wrote: » FedEx didn't leave cork for Shannon. Get your facts straight people!
Andip wrote: » Quite right and cargo won't save Cork anyway. Plans are to move the cargo area anyway as it's taking up valuable space close to the terminal. It's hard to comment much as I'm privy to a lot of what's going on and can't say much, but there are a few hard facts here: - For cork to lower its landing fees just to attract Ryanair would be suicide, whilst a great carrier, ryanair makes its money from its model of moving from one site to another to get preferential rates. The original deal with Shannon is nearly unsustainable for shannon and there's a good chance a lot of ryanair routes will move during 2015/16. If cork lowered it rates to get Ryanair in then Ryanair would have a hold over cork to further lower rates or they could move, that would close cork. The management of cork, under current budget restraints are playing a good long game. - cork is expected to be down 5% again this year, but predicted to be even or slightly up for 2016 - talk of Ryanair and the old terminal is rubbish, it needs roughly €60m to get it useable again and as landlords, DAA /CAA would have to pay. Ryanair would be tenants, no other way of doing it as the IAA security rules would prohibit Ryanair controlling security etc. there's no baggage system in there any more, the roof is leaking, the windows and doors need replacing and the security system alone would make it unfeasable. Spend on the terminal would be an operational expense which limits the ability to write it off. Knock it down ( you can write the costs off) and rebuild is Capex which is deductible. Chuck in a conference centre and you have a saleable asset that could bring in traffic. - USA......hmm, could be done, runway will take a 757 which would do the trick but unless Norweigan low cost from Dub (which isn't really low) takes off then can't see this happening. Dub sees its future as a transit hub not a departure hub. Etheopian is the one to watch from Dub. And finally, the good news, 2016 is seen as a good year for Cork given current and......if they can get a deal on debt then it actually looks quite rosy. Excuse the length of message, but good to put some myths right.
