The budget carrier is still losing money and this could spell disaster for Shannon. A losing Ryanair is bad news for Shannon Airport.  Reports claimed that the airline could lose 60 million Euro by next year.

Ryanair’s management told a committee meeting that Shannon is one of its bases where they are losing a lot of money. They admitted that the company was making a loss at Shannon every year for the last three years. They said that the airline industry is in the midst of an economic storm due to the universal high prices of oil. 

Ryanair is very important for the continual growth of Shannon. The loss of the Aer Lingus Shannon Heathrow route was devastating and is still felt today.  However, these are just “worrying times” and Shannon Airport hopes that Ryanair can work through its current difficulties until a time when the global oil crisis is resolved,