Profits And Passenger Numbers Up At Kerry Airport

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KERRY Airport is reporting an operating profit after taxation for the period of €287,613 – an increase on operating profit of €30,980 on the previous year — in their Annual Report & Accounts for the 12 month period ended 31st December 2016.

Passenger numbers through the Airport up +6% on previous comparative period to 325,670 passengers, while there is growth on the Dublin route of +10%, a positive note for the year with PLF (Passenger Load Factors) up from 67% to 73%.

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The London routes are up +9%, Frankfurt Hahn is up +9% and positive performance on the sun flights running at PLF’s of +90% for the period.  Turnover increased from €5.8m to €6m reflecting increased passenger related revenues for the year.

Profitability was enhanced by achieving better margins on a number of key revenue streams as well as a greater allocation of Government grants (€626,855) available for 2016.

€581k was spent during the year on areas of Safety & Security including upgraded security facilities and firefighting 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: “The year 2016 was once again, for second year in succession, one of positive growth in terms of an increase of 6% in passenger numbers using the facility year-on-year as well as achieving greater efficiencies in overall profitability.  We continue to see new opportunities within the airline industry and a new twice-weekly service to Berlin starting in November 2017 is a welcome addition to our services to Germany.”

The Kerry Airport plc Annual General Meeting (AGM) will be held at the Earl of Desmond Hotel, Killarney Road, Tralee, County Kerry on Thursday, June 1 at 12 noon.

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