Profits at Dublin Airport Authority slip to €26 million

Barry O’Halloran

Profits from State-owned Dublin Airport Authority’s (DAA) core business dropped to €26 million in 2013 from €28 million the previous year, according to figures released by the company.

The group, responsible for managing Dublin and Cork airports, said that turnover fell 6 per cent last year to €501 million, partly on the back of its withdrawaly from Russia and Ukraine, its chief executive, Kevin Toland said.

“Profits after tax from DAA’s core business, which excludes property joint ventures, was relatively flat during the year, declining from €28 million to €26 million,” Mr Toland added.

Overall passenger numberts at its airports grew 5 per cent to 22.4 million last year.

However, within that, the numbers of people travelling through Cork Airport was down 3.5 per cent at 2.3 million.

Dublin Airport boosted its status as a transatlantic hub for people travelling from Britain and Europe to the US grew 36 per cent to 548,000.

This year, DAA intends to prioritise resolving the long-drawn out row over the Irish Airlines Superannuation Scheme (IASS), the pension plan it operates jointly with Aer Lingus.