Kerry Airport to book €306,000 loss as unusual investment turns sour in Covid crisis

Losses will likely raise concerns about its long-term sustainability

Kerry Airport, whose projected losses will reach levels 'not seen before in the airport's history'. File Picture.

Kerry Airport will book a loss of almost €306,000 on an unusual €1.5m investment it said it took on shares and other assets which disastrously soured when markets crashed at the onset of the Covid-19 crisis, the Irish Examiner has learned.

It comes as Kerry Airport moved to lay off, on a temporary basis, around half of its 50 full-time staff as it scrambled to stem further significant losses from the fallout of the Covid crisis.