Shannon Airport profits take off as revenue rises

Pre-tax profits at Shannon Airport — in its first year of independence — increased by more than tenfold to €1.62m.

Newly filed accounts by Shannon Airport Authority Ltd show that the airport enjoyed the sharp rise in profits (from €149,000 to €1.62m) as revenues went up by 9.5%, from €39.1m to €42.8m.

The figures show that the airport’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 35% to €4.6m.