Aircoach enjoys dramatic turnaround with €3m annual profit

The operator of the Aircoach public transport service enjoyed a dramatic turnaround in fortunes in its last financial year by recording pre-tax profits of €3m.

Newly-filed accounts for Last Passive Ltd — a subsidiary of Aircoach’s ultimate owner, UK company FirstGroup — also show a 20% jump in annual revenues to €21.83m for the 12 months to the end of last March.

The return to profit follows two consecutive loss-making years, with the coach service operator incurring a pre-tax loss of €773,000 in 2014.