Irish Ferries Owner ICG Sees Revenues Rise Almost 80% as Covid Curbs Dropped

24th November 2022

Irish Ferries which is owned by ICG said its group revenues soared to €500.5m, up 78.9% compared with last year and a 62.1% increase on 2019. Above Isle of Innisfree, one of three ferries operating their service on the Dover-Calais route. Credit: Irish Ferries/facebook

Irish Ferries parent company Irish Continental Group (ICG), has reported a big jump in revenues as travel restrictions from Covid eased compared to the same time last year.

ICG said its group revenues in the trading period 10 months prior to the end of October soared to €500.5m, an increase of 78.9% compared with last year and a 62.1% increase on 2019.

In the ferry division which has four routes linking between Ireland, the UK and France, revenue came to €338m, an increase of 133.9% on the previous year and 83.4% rise on 2019.

According to the Dublin based group, the increases was mainly due to travel restrictions eased, coupled with an increased fuel surcharges. In addition the launch in June, 2021 on the UK-France route of Dover-Calais service operated by a trio of ferries competing with DFDS and P&O Ferries.

The ferry operator reported in the year up to 19 November that it carried a total of 525,600 cars which was an increase of 198% compared to the previous year.

For more RTE News reports figures for freight during the same trading period.

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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