Knock airport firm Connaught Airport Development posts loss before State subvention

The company that operates Ireland West Airport Knock recorded a pre-tax loss of €536,618 last year — before it received its Government subvention.

Connaught Airport Development Co Ltd had its busiest ever year, with a record 703,000 passengers — an increase of 6% on 2013.

The new accounts show that after the State funding, the airport recorded a modest pre-tax profit of €11,982 compared to a net loss of €5,132, in 2013. Total turnover increased marginally to €14.1 million, helped by its commercial, retail, car parking and other services.