Dublin Airport ground-handling firm reports a loss of €372,000
Published 01/06/2010 | 05:00
Sky Handling Partner, the French-owned company that is the largest provider of ground services at Dublin airport, made a €372,000 loss in its last financial year as a fall in aircraft activity to and from the capital resulted in a 13pc fall in turnover to €10.4m.
Newly filed accounts for the business show that costs for its Dublin operations fell from €10.8m to €9.6m. The loss during 2009 compared to an operating loss of €808,000 in 2008.
The company employs around 280 people at Dublin.
Directors noted that the fall in revenue was also impacted by a reduction in the average rates it charged customers.
Last year it secured new business with customers including Turkish Airlines and Flybe, while it also renewed a contract with Cityjet.
Accounts just filed for Sky Handling's Shannon operation revealed that it initiated a restructuring plan during the fourth quarter of last year at its operation there following a "difficult year
It said one major customer reduced its cargo schedule last June, while another terminated its Shannon operation in October. Turnover at the Shannon unit fell 16pc to almost €1.3m while the arm recorded an operating loss of €81,000.
The company's Cork division ceased operations in March last year after continued loss-making. The company still holds a ground-handling licence at Cork and said it would consider operating there again if there was a "sufficient upturn in the economy and a sufficient customer base". The Cork operation made a €215,000 operating loss in 2009. It had employed 22 people in 2008.
Air passenger traffic between the UK and Ireland is now at its lowest since 2003 after more than a year of consecutive monthly falls in numbers.
Airlines have scaled back the number of flights and aircraft they're operating as demand weakened.