Knock loss despite rise in passengers

Despite a milestone year that saw the airport enjoy record passenger numbers, the company that operates Ireland West Airport Knock last year recorded a pre-tax loss of €627,195 before government subvention.

Connaught Airport Development Co Ltd recorded the pre-tax loss despite passenger numbers increasing 5% to 686,000.

After the state funding, the airport recorded a modest post-tax loss of €34,788 compared to a post-tax loss of €390,134 in 2011, as revenues increased 12% from €12.5m to €13.9m in the 12 months to the end of December last.