The news comes as management say the €10 million fund announced in the Budget will go some of the way towards shielding it from the impact of Covid-19 on international travel.
The government announced a €21 million fund for the country's airports yesterday during the budget, with Cork and Shannon to share a separate €10 million fund.
Passenger traffic at Cork Airport has fallen by 91% since the start of the outbreak resulting in a predicted loss of over €20 million.
Once the country's fast growing airport, just 600,000 passengers will travel through the terminal this year compared to an estimate of over 2.6 million before the pandemic.
Speaking to RedFM News, Director of Communications at Cork Airport Kevin Cullinane says investment at the airport has to continue despite the downturn:
