David McWilliams: An Irish economy that caps its airport traffic leaves everyone worse off

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David McWilliams: An Irish economy that caps its airport traffic leaves everyone worse off
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Look up at the screen in Dublin Airport and marvel at all those destinations and what they mean. Think of all the people coming and going. Consider all the ideas, schemes and plans, the commerce, the deals and the dreams

Caroline Beehan is welcomed home from Vancouver by her sister Elizabeth at Dublin Airport Terminal 2 before Christmas as thousands of Irish people living abroad arrived home for the festive season. Photograph: Bryan O’Brienover New Year, who doesn’t have their story? The nation of emigrants coming home and going back, the airport buzzing. For the past few weeks, the airport has been ground zero for returnees.

The old gatekeepers have lost control of the message. The implication for politics, democracy and society is enormous. This diversity is a testament to the strategic importance of Ireland as a hub for global travel and business. According to data up to the end of October, 28.7 million passengers passed through Dublin Airport until that point in 2024, a 5 per cent rise on the same period in 2023. At that rate it was likely to accommodate more than 33 million passengers for the whole of 2024.

Naturally given our climate, sun destinations remain a key feature, with loads of flights to the likes of Malaga, Alicante, Tenerife and Faro. Ryanair alone operates 234 weekly flights to Europe’s sun destinations. From a macroeconomic point of view, the vast range of traffic in and out of Dublin reveals an economy which is deeply plugged in to the world economy.

The reason being connected is important for economic growth is that connectivity reveals commercial diversity – meaning the number of different things a country does with different people. And diversity is the key to economic resilience. In a diverse economy, if one industry, company or sector goes through a retrenchment there are other, unrelated ones to take up the slack.

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