ECONOMIC IMPACT OF CORK AIRPORT CONTINUES TO GROW
Cork Airport continues to be a key economic engine for the city and the region, generating €904 million for the Irish economy in 2019, according to findings in an economic impact study released today.
The report, conducted by global management consulting firm InterVISTAS Consulting, reveals that Cork Airport also contributed to the employment of 12,180 people in Ireland, equivalent to 10,740 full-time jobs, earning a total of €457 million.
Ireland’s fastest growing and most punctual airport handled 2.6 million passengers in 2019 – 8% up on the previous year.
“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,” enthuses managing director, Niall MacCarthy.
“Not only does Cork Airport support 12,180 jobs locally, it also contributed €904 millionto theIrish 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, and each one of those 2,200 people have made Cork Airport the success it is today as it continues to be Ireland’s fastest growing airport.”
InterVISTAS Consulting’s economic impact study also found Cork Airport’s connectivity score — an indicator of an airport’s access to the global air transport network — is the second highest in the country.
The airport’s growing connectivity means that it offers 50 non-stop to the UK and Continental Europe today, along with multiple daily long-haul connections worldwide through major European hub airports served from Cork.
Among the three new routes already announced for Cork Airport for 2020 is KLM Royal Dutch Airlines’ new daily service to Amsterdam Schiphol, from March 30 offering connectivity to the airline’s extensive network of 170 destinations worldwide.
Head of aviation and commercial business development at Cork Airport, Brian Gallagher, says: “Some of the world’s biggest companies choose to do business in Cork and the surrounding counties due to our exceptional connectivity.”