Airport operator in red after redundancy payout

The company that operates Ireland West Airport Knock last year slipped into the red after paying out €145,966 in redundancy costs.

Airport operator in red after redundancy payout
Thu, 22 Nov, 2012 - 00:00
Gordon Deegan

Accounts filed to the Companies Registration Office by Connaught Airport Development show the company recorded a pre-tax loss of €24,312.

It recorded the loss in spite of revenues increasing by 20% to €12.5m.

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