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Displaying items by tag: Covid Hits 2020

Irish Ferries, owned by the Irish Continental Group, has reported lower revenues and earnings for 2020 due to Covid-19 travel restrictions on its passenger business.

Irish Continental Group said its revenues for the year fell by 22.5% to €277.1m from €357.4m in 2019, while EBITDA slumped 51.5% to €42.1m from €86.8m.

Overall the group generated an operating loss of €10.4m compared to operating profits of €64.9m in 2019.

ICG Chairman John B McGuckian said that 2020 was an exceptionally challenging year for the group due to the restrictions placed on travel due to the Covid-19 pandemic.

But the chairman said that while these restrictions brought large-scale disruption and reductions in its passenger business, the other parts of the business proved resilient throughout the entire year. 

More details reports RTE News here. 

Published in Irish Ferries

William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago