Kerry Airport has released their Annual Report & Accounts for the 12 month period ended 31st December 2016 reporting an Operating Profit after Taxation for the period of €287,613 – an increase on Operating Profit of €30,980 on the previous year.
Key Points of the Report include:
Passenger numbers through the Airport up +6% on previous comparative period to 325,670 passengers. Growth on Dublin of +10% a positive note for the year with PLF (Passenger Load Factors) up from 67% to 73%. London up +9%, Frankfurt Hahn 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 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 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.”