2 days ago
- Business
- Irish Independent
Kerry Airport reports profit of almost €1.4 million for last year
The recently released report shows that Kerry Airport made a profit of €1,373,300 after tax in 2024. The figure represents a 14pc increase on the profit made in 2023.
A total of 417,409 passengers travelled through the airport in 2024.
Chief financial officer for Kerry Airport, Basil Sheerin, said that current expectations suggest that even more passengers will pass through in 2025.
Mr Sheerin stated that the airport took in more than €8.5 million in 2024, representing a 3pc year-on-year increase.
He said this growth was driven by strong performances in the airport's fuel, gift shop/duty free and car park operations.
The financial officer said administrative expenses 'remain a challenge', with increased costs in wages, local authority rates, energy, maintenance exerting pressure on the airport's gross profit margin.
'We are pleased to report a final profit of €1,373,300, a 14% increase on 2023, supported by Government Grants of €1,392,878,' he said.
'This result is particularly welcome in light of our planned Capital Expenditure of over €4.4 million in 2025.'
Mr Sheerin reported that feedback has been overwhelmingly positive in relation to the new arrivals hall opened at the airport in March.
Construction is underway on the expansion of the departures hall, expected to be complete by the end of July. The hall will include more seating, a new smoking area, an additional boarding gate and expanded catering facilities.
Mr Sheerin said the airport has committed to the science-based targets initiative for greenhouse gas emissions, is nearing the full conversion of its vehicle fleet to electric, and commenced a detailed feasibility study into on-campus energy generation.
Following the publication of the Annual Report and Accounts for 2024, the AGM of Kerry Airport plc will be held at 12 noon at Ballygarry House Hotel in Tralee on Monday, June 30.
