Cork Airport ‘unlikely to break even’

Cork Airport is unlikely to meet its previously stated target of breaking even — on a cash basis — by the end of this year, but its owners remain "focused" on returning the airport to growth.

The latest annual report and accounts from the Dublin Airport Authority (DAA) — published yesterday — show that passenger traffic at Cork Airport declined by 3.5% to 2.3m people in 2013.

This was largely down to a general weakening in traffic on routes to Britain, but was also affected by Hungarian carrier Wizz Air — which had operated six routes from Cork to destinations in Poland and Lithuania — ceasing its operations from the airport due to competitive pressures.