Published on December 1st, 2019 | by Mark Dwyer0
Pre-tax profits at Ireland West Airport up 24%
Pre-tax profits at the Connaught Airport Development Co Ltd., the company which operates Ireland West Airport Knock last year increased by 24% to €2 million. Passenger numbers increase by 3% from 749,499 to 771,619 making it the busiest year on record. Passenger numbers are expected to be close to 800,000 for 2019. Accounts filed by the company also showed revenues up 11% to €14.57 million. Numbers employed increased from 135 to 143. Staff costs last year increased from €5.5 million to €5.7 million. Directors’ remuneration last year decreased from €183,417 to €177,246.
€7.6 million of revenue was generated from aeronautical revenues; €6.8 million from commercial revenues; and €50,000 from “other sales”. €2.3 million was received from the government to complete a number of critical safety and security projects. The runway also underwent an €11.2 million upgrade with 75% of this expected to be funded by the exchequer.