Originally Posted by
bd95
The cap was imposed by Fingal County Council as a condition for building T2. T2 at the time was widely regarded as a white elephant and the 32 million cap was probably thought to be pie-in-the-sky. Now we have both terminals bursting at the seams with no signs of demand easing as the Irish economy goes from strength to strength and increased opportunities from a second, longer runway.
I also seem to remember EI was the darling of IAG in the past when it had highest ROI. It was brought up lean, having FR competing in its backyard. What has changed? Have high Irish salaries started to take an effect?
I think it was mainly Ryanair that thought T2 would be a white elephant, O'Leary was vocal about it constantly in the media when it was being built, from memory.
EI had the highest ROI before the pandemic, however I think that may have been due to a lack of capital spending around the airline, from what I've heard. I have nothing to back that up though!