Catering firm boosted by Dublin Airport boom
Published 01/08/2016 | 02:30
The fortunes of the Irish arm of airline catering group Gate Gourmet have significantly improved as passenger numbers at Dublin Airport continue to rise.
New accounts for the Irish unit of Gate Gourmet, which is being acquired by Chinese conglomerate HNA, show that its revenue rose to €17.2m last year from €12.8m, while operating profit jumped to €1.1m from €638,000.
The business has performed strongly as expansion continues at the capital's airport.
Last year, 25 million passengers used Dublin Airport, while this year the figure is expected to hit over 27 million.
A number of new services have been launched by carriers, including Aer Lingus. It relaunched its service to Los Angeles, and will relaunch its Newark route this year, as well as commencing a service to Connecticut. Air Canada Rouge is operating a seasonal, direct route between Vancouver and Dublin, while for the first time there are regular charter services to the Caribbean.
Gate Gourmet Ireland directors said the business had performed strongly in 2015.
"We are constantly seeking new opportunities and the directors hope to further expand the business in the foreseeable future, and anticipate continued profitability," the firm said in the accounts. The company employs about 110 people here.
The company is part of Switzerland-based Gategroup, which is being sold to HNA for $1.4bn (€1.2bn). HNA is the parent company of Bohai Leasing, which last year bought Dublin-based aircraft leasing firm Avolon. HNA's global activities stretch across aviation, hotels, retail and financial services.
Dublin Airport had its busiest day in its 76-year history last month, welcoming 100,000 passengers in 24 hours.