DAA profits up 63%

The Dublin Airport Authority (DAA) today announced profits of €50m for the year ending 31, 2005.

This represents an increase of 63% compared with equivalent profits of €31.1m in 2004. Turnover rose by 13% during 2005 to €525m.

However, DAA chairman Gary McGann marned that the DAA will not be able to deliver the full investment programme required by Dublin Airport and/or the separation of Dublin, Shannon and Cork as stand-alone airports unless the Commission for Aviation Regulation (Commission) reviews its determination concerning maximum airport charges at Dublin Airport.

"The Commission's current determination of a maximum average charge per passenger at Dublin Airport of €6.14 in real terms for the next four years compares with a current equivalent charge at principal European airports of approximately EUR11 per passenger," he said.

"This leaves Dublin Airport significantly under-funded at a time when it must deliver a €1.2bn development programme at the airport over the next decade and much of its more critical and costly components over the next four years."