Cork Airport losses set for €6m

Cork Airport is hopeful of breaking even by the end of 2014, despite showing no real improvement in losses last year.

While the airport’s owner, the Dublin Airport Authority (DAA), does not break out financial figures for its individual airports, it is thought that Cork made a cash loss — before depreciation — of around €6m last year.

The DAA previously said cumulative cash losses — excluding depreciation — amounted to €12m over 2010 and 2011, and it is understood that no major improvement was seen last year.