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.
About the Author
Mark Dwyer Mark is an airline pilot flying the Boeing 737 for a major European airline. In addition he is also a Type Rating Instructor, Type Rating Examiner and Base Training Captain on the B737. Outside of commercial flying Mark enjoys flying light aircraft from the smallest 3 Axis microlights up to heavier singles. He is also an instructor and EASA Examiner on single engines and a UK CAA Examiner. He flies the Chipmunk for the Irish Historic Flight Foundation (IHFF). Mark became the Chairman of the National Microlight Association of Ireland (NMAI) in 2013 and has overseen a massive growth in the organisation. In this role he has worked at local and national levels. In 2015, Mark won ‘Upcoming Aviation Professional Award’ at the Aviation Industry Awards sponsored by the IAA. Mark launched this website back in 2002 while always managing the website, he has also been Editor and Deputy Editor of FlyingInIreland Magazine from 2005 to 2015.
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