Two out of three staff at AirNav Ireland earn over €100,000
The 2024 annual report for AirNav Ireland shows that 418 of the 642-strong workforce earned over six figures, which included 145 personnel whose salaries were between €150,000 and €200,000.
Some 303 staff at AirNav Ireland have the job of air traffic controller, and the report says that last year they successfully managed 'a record-breaking 679,000 flights across en-route and terminal services, and provided voice communications to over 537,000 flights on the North Atlantic'.
The report shows that a further 28 members of staff earned between €200,000 and €250,000 per annum. The chief executive, Peter Kearney, received total remuneration of €266,000 made up of a salary of €225,000, €38,000 in pension contributions, and €3,000 in other taxable benefits.
Mr Kearney's seven-year term as CEO is due to end in June.
Last year's higher staff costs, due to a wage increase and an increase in numbers from 626 to 642, contributed to pre-tax profits at AirNav Ireland declining by 37pc to €12.8m. Revenues increased marginally from €194.49m to €196.79m.
The group generates income by charging its airline customers for traffic management services within the 451,000 sq km of Irish airspace.
The accounts show that €103.84m was paid out in staff costs, including €78.44m on wages. All staff, apart from the CEO, received a general pay increase of 4.25pc in 2024.
AirNav Ireland paid out a dividend of €4.5m to the State last year. It was the first full year of operations following the transfer of air navigation functions from the Irish Aviation Authority.
In his report chairperson Bryan Bourke stated: 'Overflights managed within Irish-controlled airspace increased by 3.2pc to over 380,600 flights. Commercial air traffic at Cork, Dublin, and Shannon airports rose by 1.3pc to over 278,300 movements, while flights managed on the North Atlantic saw a 3.5pc increase to over 537,000 flights.'
Operating profit for the group was €8.2m, almost half the €16.1m recorded in 2023, principally due to a once-off training cost refund in 2023 of €3m, and lower revenue in North Atlantic communications activities of €2.7m due to a lower customer charge per flight.
The profits take account of non-cash depreciation charges of €11.37m and a Met Eireann charge of €8.7m.
In 2024, the group generated net cash from operations of €21.8m. At the end of December, AirNav Ireland had shareholder funds of €316.6m that included cash funds of €33.6m.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Daily Mirror
3 hours ago
- Irish Daily Mirror
Ireland has a new millionaire as punter scoops seven-figure Daily Million prize
Hours after an Irish punter claimed the top prize of €500,000 in Friday night's EuroMillions Plus draw, a lucky Lotto player has scooped an even bigger reward in Saturday's Daily Million draw. The hunt is now for the holder of the lucky ticket, who will claim a whopping €1 million after matching all six numbers in Saturday's draw. The winning numbers were 2, 9, 12, 16, 28 and 29 and the bonus number was 5, with over 900 players also winning prizes ranging from €3 to €500. The lucky winner now has 90 days to claim their prize from Lotto chiefs, before they turn the winnings over to promote the National Lottery, which in turn will increase the funds raised for Good Causes. If you're holding the winning ticket, be sure to contact the National Lottery prize claims team on 1800 666 222 or email claims@ to arrange the collection of your prize. Saturday's Daily Million win means that three people have won amounts totalling €2 million from the National Lottery in the space of five days, with two consecutive winners of the top prize of €500,000 in the EuroMillions Plus draws on Tuesday and Friday night. Both winning tickets, the National Lottery revealed, were sold in Dublin. And it could get even better for Irish punters next week, with a €250 million jackpot - the highest it can possibly be - rolling over to next Tuesday's EuroMillions draw after it went unclaimed on Friday night. Under EuroMillions community games rules, the jackpot can go no higher than the €250 million that has been in place for the last three draws but that jackpot can only remain capped for five successive draws. If there is still no jackpot winner in the fifth draw then the full amount - the €250 Million and any excess Jackpot value - flows down to the next prize tier that there is/are a winner(s) and so it must be won. Such a situation may come into play if there is no jackpot winner in the draw next Tuesday (June 17) and next Friday (June 20) so keep your eyes peeled. The National Lottery has reminded players that tickets for Tuesday night's draw can be purchased in-store, through the National Lottery app or at ahead of the 7.30pm cut-off time.
Agriland
4 hours ago
- Agriland
Beef kill: 2025 heifer supply almost 24,000 above last year
This year's beef kill-to-date has seen strong heifer and bullock (steer) supplies with a reduction in the cow and young bull kills. 28,400 cattle were slaughtered in the week ending Sunday, June 8 – the week following the June Bank Holiday. Supplies were on par with the same week of last year. The cumulative kill-to-date this year, excluding veal, is just under 781,000 head of cattle, which is almost 18,000 head above the same time last year. The table below details cattle supplies in the week ending Sunday, June 8, compared to the same week of last year, and the cumulative kill-to-date this year compared to last year: Category Week end Sun, June 8 Equivalent Last Year Cumulative 2025 Cumulative 2024 Young Bulls 2,769 2,982 53,542 56,295 Bulls 683 680 11,164 12,005 Steers 10,252 9,587 288,157 276,846 Cows 6,755 7,427 176,042 189,783 Heifers 7,960 7,818 251,932 228,020 Total 28,419 28,494 780,837 762,949 As mentioned above, heifer supplies are up by almost 24,000 head on last year, with steer supplies up by over 11,000, while the cow kill down by almost 14,000 head. Weekly supplies were in gradual decline but have remained relatively stable from the second week of May until now at 28-29,000 head/week. The graph below shows how weekly beef kill numbers this year have compared to last year: Irish beef prices paid to farmers have been in decline for the past two weeks despite the tight availability of cattle. UK beef price has also been edging back, but industry sources have said as recently as this week that there is some level of expectation that the forecast reduced availability of cattle will help to sustain firm beef prices into the back end of the year. Cattle prices have been performing very strongly this year, with a significant lift in price seen since the beginning of 2025.
Irish Examiner
5 hours ago
- Irish Examiner
Nursing home bed shortage looms as construction of new facilities stalls, experts warn
Few new private nursing homes are expected to be built for the foreseeable future, leading construction experts have warned, as a shortage of beds looms. Members of the construction industry and the nursing home care sector have predicted bed shortages, which could lead to price hikes in private nursing homes, with further questions hanging over the State's €1bn-a-year fair deal scheme. Officially known as the nursing home support scheme, the means-tested scheme helps people pay for basic care in private nursing homes. Home Care Direct chief executive Michael Harty said: 'Any shortage of beds in private nursing homes will force people either to pay over the odds for a bed, or will force them to look closely at home care. 'Private operators will dedicate less beds to the fair deal scheme and more to customers who can pay above the odds.' The Irish division of the world's largest commercial real estate services and investment firm, CBRE, has also flagged a 'very worrying' scenario for the Irish nursing home sector. CBRE research senior director Maureen Bayley has heard of plans for two new private nursing homes. One of the homes will be built in Kerry, while the other will be built in Dublin. 'They have yet to get off the ground,' she said. 'Other than those, there are no new private nursing homes due to be built for the foreseeable future.' She believes the Government needs to create more incentives for the development of homes, undertaking a 'long overdue' reform of the fair deal scheme. More should also be done, she believes, to help people grow old in the villages, towns, and cities where they have lived for most of their lives or settled in before they retired. Ms Bayley, whose updated nursing home report is due later this year, said: 'We don't have a well-established senior living sector. 'There are some retirement villages outside of towns and cities, but people should be supported to 'age in place' in the towns, suburbs, cities where they spent their lives, so they still have the community support around them.' Officially known as the nursing home support scheme, the means-tested scheme helps people pay for basic care in private nursing homes The CBRE statement comes as the HSE confirmed just 160 extra beds will be provided from new public nursing homes, which are due to open fully this year under the State's community nursing unit investment programme in 2025. A HSE spokesperson told the Irish Examiner: 'For beds to be completed in 2026, the national service plan for 2026 has yet to be finalised — which would include the planned beds. 'It is also too early in the cycle to provide firm details on beds to be completed due to various factors which affect construction projects, for example: Design progression, availability of resources, market constraints, and weather conditions.' Age Action head of advocacy Camille Loftus cautioned that nursing homes alone are not the answer. 'While we are all living longer, it doesn't automatically mean we are getting sicker. We believe more emphasis should be given to not just building on existing home supports, but also building age-friendly housing,' she said. In the meantime, the existing nursing homes and home care models are all facing the same crisis: A lack of staff. Mr Harty said: 'Nursing homes and home care are incredibly lucrative businesses. Perversely, they don't provide [financially] attractive careers.' The ESRI has estimated that about 4.5% of all people aged over 65 will require a nursing home bed. Meanwhile, the number of people aged 65 and over is estimated by the CSO to have risen by over 40% between 2013 and 2023 — from 569,000 to 806,000. In its January 2024 snapshot of the lives of older people in Ireland, the CSO stated this figure is expected to double again to 1.6m by 2051. The HSE runs 127 community nursing units that have a total of 6,563 short and long-term beds, just over 16.3% of the total available beds. These include beds provided by the 10 homes run by the voluntary Section 38, HSE-funded bodies. The average State-funded paid cost of care, per bed, per week in public and voluntary nursing homes is €1,931 — up from €1,865 last year and €1,698 in 2022. By contrast, the average figure for what private nursing homes — in a sector that supports around 415 homes and 26,000 beds — receive in 2025 on the fair deal scheme is a little north of €1,206. The home care sector, which represents 60,000 people whose home care is up to around 21 hours a week, receives around €850m State aid annually. 'Hiqa is not short of laws, it is short of ambition' Former minister of state John McGuinness has said Hiqa has to explain 'exactly' why it has never held a statutory investigation into nursing homes. The watchdog has, he said, initiated statutory investigations under the 2007 Health Act into hospitals at the request of ministers or the HSE, and it has also initiated its own investigations. The former Public Accounts Committee chairman said: 'Hiqa is not short of laws. It is short of the ambition to ensure nursing homes are up to standards and residents are treated fairly. 'Hiqa needs to be made accountable for not using the laws it already has.' His comments follow the airing last week of the RTÉ Investigates documentary Inside Ireland's Nursing Homes. It showed shocking scenes — recorded by two healthcare assistants operating under cover — of older people being mistreated. Former minister of state John McGuinness has said Hiqa has to explain 'exactly' why it has never held a statutory investigation into nursing homes. File photo Hiqa is due next week before the Oireachtas health committee where members are expected to grill the watchdog. Colm Burke, a former minister of state at the Department of Health, will be at the meeting. He said: 'Hiqa has questions to answer.' Social Democrats TD Pádraig Rice, who is another committee member due to attend, said: 'Hiqa has serious questions to answer at next week's Oireachtas health committee meeting. 'The RTÉ programme exposed serious failings in inspection, oversight, and intervention in the nursing home sector. 'The problems with the State's over-reliance on this private model were laid bare during the pandemic, and after that an inquiry should have taken place. 'We need a regulator with teeth, long-promised safeguarding legislation, statutory homecare, and an urgent review of our hyper-privatised model of elder care.' In response to Mr McGuinness's criticism, a Hiqa spokesperson said the body looked forward to answering questions in the Oireachtas next week. They also pointed out that Hiqa has begun a review of all nursing homes operated by Emeis Ireland, which runs the two nursing homes — Beneavin Manor and The Residence Portlaoise — that featured in the recent RTÉ exposé. It also said that, once that is finished, Hiqa will then review how it inspects and regulates nursing homes and use the learning to 'strengthen how we do our inspections'. Read More Does the latest nursing home scandal show that Hiqa is a regulator with no bite?
