Travel Restrictions on Irish Ferries from Covid Hit ICG's 2020 Performance

11th March 2021

Irish Ferries' car carryings during 2020 were down by 65.8% to 137,100 cars. Above Ulysses on Dublin Bay, AFLOAT adds during its delivery voyage /maiden arrival to Dublin Port on 4th March 2001. This month also marks its 20th year operating on the core Irish Sea route of Dublin-Holyhead. The custom Finnish built cruiseferry, has recently returned to service following a routine overhaul dry-docking at Cammell Laird, Birkenhead on Merseyside. Taking its place was W.B.Yeats which has since resumed Dublin-Cherbourg duties. Credit: Irish Ferries/ICG

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, Ferry

Published in Irish Ferries

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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