Private bus operator Aircoach this year returned to profit as revenues more than doubled to €26.16m. New accounts filed show that in the 12 months to the end of March this year, the business recorded a pre-tax profit of €1.8m. This followed a pre-tax loss of €1.19m in the prior year. Revenues this year increased by 114pc from €12.2m to €26.16m as the business recovered from Covid-19 travel restrictions. At the end of last March, the firm had accumulated profits of €1.6m. The firm’s cash funds increased from €1.56m to €2.65m.
The business provides a range of high-frequency coach services to and from Dublin Airport and Dublin city centre that include non-stop coach services linking Dublin airport to Cork, Belfast and Galway.
On the firm’s future developments, the directors state that the recovery of air travel and tourism within Ireland has been strong throughout the financial year. The directors add that with the expansion of the wider business following the Airporter acquisition in Northern Ireland and the addition of a new Galway route, the business is now an all-Ireland brand. They state that “from a cost perspective, the environment remains challenging with fuel price volatility and higher inflation, but this is being offset in part by growth in commercial and ancillary revenues”. They further state that “driver recruitment remains difficult in a growing public transport environment, but the directors remain confident that the company’s activities will generate a satisfactory result in the coming financial period”.
