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Irish Ferries reports upswing

Irish Continental Group  has seen its revenue improve, helped by the easing of travel restrictions across the European Union in mid-July.Irish Ferries
The company, which operates Irish Ferries, has reported revenue of €279.7m for the year to date to November 20, up 22pc compared to last year.
The improved performance was partially offset by an increase in costs, primarily fuel, which increased 60pc versus 2020 due to increased sailings and higher global prices, according to a trading update from the group.
The Ferries Division has seen improved trading conditions in its passenger business following the easing of travel restrictions with the introduction of the EU Digital Covid Certificate.
While Brexit negatively impacted freight volumes in this division, it positively impacting freight revenue as more freight customers take the longer direct route to France, the company said.

 

Total revenues recorded in this division in the period to October 31 were €144.5m, up 24pc year-on-year.
While car volumes in the year-to-date on a like for like basis (excluding Dover Calais) are down 61pc compared with 2019, in the period 22nd August to 20th November volumes were only down 22pc compared with the same period in 2019.
 
 

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