Headcount rise at Swissport contributes to profits almost halving

The company recorded an operating profit of €6.35m and net interest receivable of €190,000 increased profits to a pre-tax profit of €6.54m

The company operates across Dublin, Cork and Shannon airports and the directors state that 'trading is expected to strengthen further as the sector moves towards pre-pandemic normalcy'.

A 38% surge in wage costs at the Irish arm of aircraft handling firm, Swissport, last year contributed to pre-tax profits almost halving to €6.54m.

New accounts lodged by Swissport Ireland Ltd show that pre-tax profits declined by 45% to €6.54m in 2023 despite revenues increasing by €8.6m or 16.5% from €52.46m by €61.14m.