Increased passenger numbers boost profits at Cork airport's parent company

Increased passenger numbers boost profits at Cork airport's parent company

Passenger numbers at Cork Airport increased by almost 4% to 2.4 million last year.

Profits at Cork airport's parent company, the daa Group increased by 6% to a record €133 million last year as the company benefitted from higher passenger numbers and increased commercial income.

Daa’s results for 2018 showed that the Group, which operates Dublin and Cork airports, the global travel retailer ARI and daa International, had another positive year.

Total passenger numbers for Dublin and Cork airports increased by 6% to a record 33.9 million last year. Dublin Airport had its eighth consecutive year of passenger growth, while Cork Airport saw its third successive year of increased traffic.

Passenger numbers at Cork Airport increased by almost 4% to 2.4 million last year. Cork, which is the State’s second largest-airport, has increased its passenger traffic by 16% over the past three years. Three new routes were introduced at Cork last year, and there were capacity expansions on 14 existing services.

The daa said both airports have a strong pipeline of new and expanded services for this year and have made a positive start to 2019. 

Passenger numbers at Dublin Airport have increased by 7% so far this year while Cork’s passenger numbers are up by 11%.

According to the daa, domestic turnover grew faster than the overseas business, which comprises ARI’s global travel retail operation, investments in airports in Cyprus and Germany and daa’s overseas airport management and advisory subsidiary.

“daa had a good year in 2018, with our key financial and passenger metrics improving,” said Chief Executive Dalton Philips. 

“Dublin Airport welcomed a record number of passengers, Cork’s traffic further improved, and we made significant progress on our plans to deliver North Runway and the other vital infrastructure that is required at Dublin Airport."

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