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.