.
KERRY Airport has released the Annual Report & Accounts for the 12-month period ended 31st December 2018, reporting an operating profit after taxation for the period of €966,056 as compared to €728,626 in the previous year.
Passenger numbers handled by the Airport for the year of 365,339 are up +9% on the previous comparative period of 335,480.
Growth on Dublin of +12% a positive note for the year. Passenger Load Factors (PLF) on London flights are running at 86%. The new service with Ryanair (Kerry-Berlin) generated 32,518 passengers on its 2 x weekly frequency achieving a PLF of 84% in its first full year of operation.
Continued below…
.
The Kerry-Dublin flight now has interlining facilities with the Aer Lingus network out of Dublin to major cities in North America as well as Toronto in Canada.
Turnover increased from €6.34m to €7.9m reflecting increased passenger related revenues for the year mainly accounted for within increased Fuel Sales – in both litres and monetary terms.
Gross Profit enhanced year on year but margins affected by mix of fuel sales between scheduled and corporate traffic. Profit after Tax increased to €966,056 after crediting Government grants of €1,198,847.
€1.914m was spent on Capital projects during the year on areas of Taxiway resurfacing, navigation aids upgrades and additional airside equipment 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 said: “The results for the year 2018 were satisfactory in terms of financial growth and passenger traffic with passenger numbers growing by another 9% 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, together with growth on this route of 12%, is a positive development for the region going forward under the new PSO contract 2018-2022. This twice daily flight is of critical importance to the Region and with fares as low as €44 each way – we hope this product will continue to get the support it deserves.”
