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Persons employed in the industry have increased by 7.2% between 2019 and 2024, while total earnings have increased by 19.9%1. Total earnings followed a generally increasing trend during the period. However, a drop in earnings took place in 2023 with an annual change of -8.8%, while persons employed increased 1.2%. This was driven by a number of high-income earners leaving the industry and a larger number of lower-income earners joining. Full-time equivalent employees2 have increased from 2,337 in 2019 to 2,609 in 2024. The average annual earnings per person engaged in the industry has gone from €185k in 2019 to €206k in 2024.
| Persons Employed | Total Earnings | |
| 2019 | 2804 | 517 |
| 2020 | 2754 | 503 |
| 2021 | 2799 | 557 |
| 2022 | 2882 | 569 |
| 2023 | 2916 | 519 |
| 2024 | 3005 | 620 |
Female participation in the industry has fluctuated around 38% since 2019. The average age attained (at year end) for females has fallen from 43 in 2019 to 40 in 2024. Similarly, the average age attained of males has fallen from 45 to 42 over the period. Average annual earnings per female employed in the industry has increased 25.8% during the period, growing from €109k to €137k. During the same period, average annual earnings per male employed in the industry has risen 8.5% from €230k to €249k.
| Persons Employed (Female) | Persons Employed (Male) | Average Earnings per person (Female) | Average Earnings per person (Male) | |
| 2019 | 1052 | 1752 | 109047 | 229856 |
| 2020 | 1044 | 1710 | 118616 | 221736 |
| 2021 | 1068 | 1731 | 119371 | 248115 |
| 2022 | 1131 | 1751 | 147735 | 229312 |
| 2023 | 1131 | 1785 | 125692 | 211236 |
| 2024 | 1152 | 1853 | 137168 | 249318 |
Footnotes
1The data source used in the compilation of the Employment and Earnings chapter has changed in comparison to its previous iteration. The figures for this chapter were previously obtained using annual P35 files, which have been replaced with monthly PMOD (PAYE Modernisation) files introduced in 2019. Hence, this chapter covers Employment and Earnings in Aircraft Leasing from 2019 to 2024.
2Not all surveyed employees had completed 52 weeks work for a particular year. Due to the inability to distinguish between salary, overtime and bonus, it was deemed inaccurate to annualise these salaries. Instead, the number of full-time equivalents was calculated for the year. See Background Notes for more.
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