I'd believe that. For the vast majority of people the second train would also be early enough. The 7:29 departure from Mallow is even a bit early for local commuter traffic. Also the fact it has a different timetable on a Monday (presumably because there is demand in Kerry for a service that will get you into Dublin before 9am on the first day of the working week) doesn't make it a great option for regular commuters.
Still, I wouldn't have thought there's too much extra cost in a single extra stop in Banteer. It may also pick up Dublin-bound passengers.
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