Profits up despite passenger decline at Kerry Airport
KERRY Airport has recorded a modest profit in 2012 despite a fall in passenger numbers, according to the airport's 2012 annual report which was released on Tuesday.
The report shows that the airport recorded an after-tax profit of €1,799 for the 12 months to the end of December 2012. This is compared with an operating loss of €44,803 for the 12 months to the end of the previous year.
2012 saw a sharp drop in the number of passengers passing through the airport. The number of passengers using Kerry Airport fell by 8 per cent in 2012 with a fall of 286,000 in the number of people passing though the airport last year when compared with 2011.
Management at the airport said much of this fall in numbers was due to the loss of the Kerry - Manchester service and the reduction in the number of flights between Kerry and Frankfurt, Hahn and Stansted airports.
Turnover did increase by 26 per cent to €5.7 million in 2012 however this was offset by increased administration costs, which jumped upwards by around €700,000 due to longer operating hours needed to handle early and late flights on the Kerry Dublin route.
Kerry Airport Chairman Denis Cregan said the fall in passenger numbers was "unsatisfactory" but that "the airport continues to apply resources into route development to attract new routes and new airlines."
"As a priority the business needs to attract more passengers on all routes and in particular the maintenance of the government PSO support on the Kerry Dublin route is critical going forward," said Mr Cregan.