Friday 20 October 2017

Dublin Airport Authority profits rise 41pc to €40m

John Mulligan

John Mulligan

Profits at the Dublin Airport Authority (DAA) rose 41pc to €40m last year and it has enjoyed what is said was a strong start to 2015.

Turnover at the DAA rose 13pc to €564m in 2014. The semi-state company controls Dublin and Cork airports. Following exceptional charges, including a €21m charge related to resolving a pensions issue, after-tax profits fell 50pc to €19m.

"We have had the highest year of overall passenger growth since 2007," said chief executive Kevin Toland.

Dublin Airport handled 21.7m passengers last year, 8pc higher than in 2013. It's currently the third-fastest growing airport in Europe, said Mr Toland. A significant number of new services have been announced at the airport. Aer Lingus commences a service to Washington DC tomorrow.

Passenger numbers at Cork fell 5pc to 2.1m as a passengers defected to services out of Shannon.

The DAA's debt fell by €14m to €600m last year.

Online Editors

Also in Business