Kerry Airport today announce 2016 Results
Today, Tuesday 09th May 2017:
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. This is an increase on Operating Profit which was €30,980 in 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.”
NOTE TO EDITOR
The Kerry Airport plc Annual General Meeting (AGM) will be held at the Earl of Desmond Hotel, Killarney Road, Tralee, County Kerry on Thursday 01st June 2017 at 12 noon. You are invited to attend.
Issued by Upfront PR on behalf of Kerry Airport plc.
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Kerry Airport is ideally located for anyone wishing to travel on business or pleasure with direct flights to six destinations including: London-Stansted, London-Luton, Frankfurt-Hahn, Alicante & Faro with Ryanair and to Dublin with Aer Lingus Regional. NEW for 2017 is Kerry – Berlin starting 02nd November 2017 with one-way fares starting at €29.99. There is ample and great value parking at Kerry Airport as well as friendly service. For more information log onto www.kerryairport.ie