Profit at airport service firm up 26pc to €882k
Published 29/11/2016 | 02:30
Profits at Sky Handling Partner, which provides ground services at Dublin Airport, jumped 26pc to €882,000 last year as air passenger traffic at the capital soared to more than 25 million people.
Owned by French business Groupe Crit, Sky Handling's revenue rose 9pc to €14.3m and it paid an €800,000 dividend to its parent, according to accounts just filed for the Irish business.
The Dublin division employs over 300 people.
The Sky Handling group has also decided that its unit that provides ground services at Shannon Airport will cease to trade at the end of December.
"With effect from January 1 2017, all of its operations and its net assets… will be transferred to Sky Handling Partner (Dublin)," the directors noted. "This restructure has been undertaken to improve the overall efficiency of the Irish operations."
The Shannon unit posted turnover of €690,000 last year and a profit of just €42,500.
Dublin Airport has been enjoying a surge in passenger traffic coupled with a number of new services.
It's been one of the fastest-growing large airports in Europe for some time now and will have handled well over 27 million passengers this year.
It has embarked on a significant capital expenditure programme that includes the resurfacing of the existing main runway, and the construction of a new runway and associated works - a project that's due to be complete by 2020.
Sky Handling evolved from CityJet Handling, which commenced operations at Dublin Airport in 2000.
The following year, CityJet Handling was acquired by Groupe Crit and renamed Sky Handling Partner. It opened its Shannon operations in 2004. It also provides services at Cork Airport.
In 2011, Sky Handling opened a base at London City Airport.