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ARI almost doubles profits in 2005ARI almost doubles profits in 2005
Dermot Davitt
10-Apr-2006
The Dublin Airport Authority subsidiary records €17.4m in profit, contributing strongly to group profitability
Aer Rianta International (ARI) recorded profits of €17.4m ($21.2m) in the year ending December 31 2005, a big increase on the 2004 figure of €9.4m ($11.5m), parent company Dublin Airport Authority (DAA) announced today.DAA recorded profits of €50m ($61m) for the year, representing an increase of 63% compared with equivalent profits of €31.1m ($37.9m) in 2004. Turnover rose by 13% during 2005 to €525m ($640.2m).
Combined passenger numbers at
Dublin,
Shannon and
Cork Airports increased by 12.4% to 24.5m last year—the highest level of growth since 1996. Passenger numbers at
Dublin airport totalled 18.5m, a rise of 8% for the second successive year.
Shannon and
Cork airports also achieved record passenger volumes, with
Shannon's traffic 35% higher at 3.3m. At 2.7m, Cork recorded traffic growth of 21%.
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(1-Aug-2005) - The Irish government has named December as the deadline for a decision on the future of Dublin, Cork and Shannon airports, as well as that of Aer Rianta International (ARI)
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(15-Oct-2004) - IRELAND. Aer Rianta was renamed Dublin Airport Authority on October 1, under the terms of the state airports group's break-up
(18-Jun-2003) - IRELAND. Irish airports group Aer Rianta has announced profits, before exceptional items, of ?30.9m ($36.4m) for the year ending December 31 2002, almost unchanged from the corresponding figure the previous year.