Dublin Airport Christmas Boom a Buy Signal for Investors

It’s Christmas, and the tills at Dublin Airport are ringing merrily on high. About 770,000 passengers will travel through the airport over the holidays, rising 8 percent from last year, boosted in part by families flying off to winter sun and skiing vacations, according to the state-owned DAA, which runs the airport. Reinforcing the appeal of a rebound in Irish travel, British Airways (IAG) owner IAG SA made an offer for Aer Lingus Group Plc (AERL) this month, prompting a surge in its shares. The passenger numbers flowing through the airport may also present an opportunity for investors looking to play Ireland’s revival, according to Philip O’Sullivan, an analyst in Dublin at Investec Plc (INVP), which recommends buying DAA’s 2018 bond. “DAA is very much a leveraged play on the Irish economy,” saidO’Sullivan. “We have been fans of the bond for some months now, viewing it as a relatively cheap way to play the sovereign.” By Joe Brennan and Dara Doyle

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