Kerry Airport Passenger Numbers And Profits Increased In 2017

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KERRY Airport had an Operating Profit after taxation of €728,626 as compared to €287,613 in 2016, it was revealed in their Annual Report & Accounts for the 12 month period ended 31st December 2017.

Passenger numbers handled by the Airport for the year were 335,480, up +3% on previous comparative period of 325,670.

Growth on Dublin route of +6% was a positive note for the year with PLF (Passenger Load Factors) up from 73% to 78%.  PLF’s on London flights running at 86% average for year.

Turnover increased from €6m to €6.34m reflecting increased passenger related revenues (+6%) for the year.

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Profitability was enhanced by achieving better margins on a number of key revenue streams as well as a greater allocation of Government grants (€1,075,474) available for 2017.

€1.251m was spent on capital projects during the year on areas of aircraft parking, runway upgrades and navigation aids with the support of funding from the Department of Transport, Tourism & Sport.

Commenting on the financials and the on-going operations of the Airport for the year, Mr. Denis Cregan, Chairman of Kerry Airport: “The results for the year 2017 was satisfactory in terms of financial growth and passenger traffic with Gross Revenues up +6% and passenger numbers growing by another 3% year-on-year.  Increased daily capacity on the Kerry-Dublin service by the Airline (Stobart Air under the Aer Lingus Regional branding) with the larger ATR-72 aircraft is a positive development for the Region going forward under the new PSO contract 2018-2022.   This 2 x daily flight is of critical importance to the Region and we hope this product will get the support it deserves.”

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