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Dublin growth boosts Aircoach revenue to €30.2m

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An Aircoach service to Dublin Airport

An Aircoach service to Dublin Airport

An Aircoach service to Dublin Airport

TRAFFIC growth at Dublin Airport and a rise in city-based events in the capital were key drivers in boosting revenues last year at private bus operator Aircoach.

Accounts from the coach company, Last Passive Ltd, show that revenues rose to €30.2m from €29.8m. This contributed to pre-tax profits growing marginally to €4.719m in the 12 months to the end of March 2019.

Staff numbers at the company increased to 216 from 200.

Staff costs rose to €9m from €8.8m due to the next for extra drivers to manage the growing passenger demand.

Aircoach services include a high-frequency service to and from Dublin city centre and Dublin Airport. The firm also operates non-stop services connecting the airport to Belfast and Cork.

According to the directors' report, "there were strong passenger numbers and turnover growth on all other routes, other than Cork, which experienced competition from other operators".

The directors report a €400,000 increase in traffic costs, involving third-party coach hire required to cover additional events.

The company paid a dividend last year of €4.5m to its UK parent, FirstGroup.

Irish Independent