The Shannon Airport Group’s improved performance across its business is reflected in its 2022 financial results with an increase of over 76% in Group turnover from continuing operations to €60.7 million compared to €34.5 million in 2021. EBITDA (earnings before interest, taxes, depreciation, and amortization) for the Group increased to €16.5 million from €8.6 million in 2021. The Group operates a significant property portfolio, much of which is centered around the Shannon Campus. The campus is home to one of Ireland’s largest multi-sectoral business parks which houses businesses from a range of sectors including aviation, aerospace, pharmaceuticals, MedTech, IoT software development, manufacturing, IT, and logistics.
The CEO of the Shannon Group, Mary Considine cites the phenomenal demand for international travel for Shannon Airport’s strong performance in 2022. Passenger numbers last year were up 300% when compared to 2021, with passenger traffic for 2023 expected to exceed 2019 levels. “Passenger numbers at Shannon Airport in 2022 exceeded our expectations. The pent-up desire for international travel following the lifting of pandemic travel restrictions was reflected in an 88% recovery on 2019 passenger levels. We welcomed over 1.51 million passengers through our airport during 2022, which was a 300% increase on 2021 passenger numbers. The preparatory work we put in place during the pandemic greatly assisted us in our recovery. The introduction of our new, faster, airport security screening facility, the first state airport to do so, had a positive impact. Thanks to it we have seen an increase in people from all over the country using Shannon Airport, as they now realise how ‘easy’ it is.
And looking forward to the year ahead, Ms. Considine went on to say, “Prospects at Shannon look bright for 2023 and this year we will operate 35 routes to 11 countries. We are delighted to be giving our customers more destinations to choose from, in fact, we will have more routes this year than we did in 2019, with six brand new destinations. These new services are to Naples, Beziers, Newcastle, Porto, and Liverpool, while our transatlantic services will be enhanced with the addition of a daily nonstop seasonal service to Chicago starting in May. By the end of 2023, we expect traffic volumes to have surpassed 2019 levels.
