Shannon Airport sees revenue surpass €73m as passenger numbers reach 15-year high

Group's annual profit before tax and exceptional items came in at €25.7m for 2024 

Shannon Airport saw increases in passenger traffic across all key markets, with continental European traffic rising by 16% to 870,000.

Shannon Airport saw its passenger numbers rise by 7% last year, reaching a 15-year high of 2.1m in 2024. 

In what it called a "solid" financial performance, the airport's turnover from continuing operations rose by almost 8% compared to 2023, increasing to €73.1m.

The group's earnings before interest, tax, depreciation and amortisation (Ebitda) totalled €18.3m, while its annual profit before tax and exceptional items came in at €25.7m.

“This level of profitability, in conjunction with a growing balance sheet of €309m at the end of 2024, is very encouraging and creates a solid foundation for our future plans," said Mary Considine, CEO of the Shannon Airport Group. 

"With this performance, we are on a firm financial footing to embark on the next phase of our development strategy.”

Last year saw a strong transatlantic performance at Shannon Airport, which now offers five transatlantic routes with Aer Lingus, Delta, and United. Ryanair also expanded its capacity at Shannon in 2024, celebrating 20m passengers through the airport since 1987.

“Over 200,000 additional seats on European, UK and US destinations in 2024, enhanced connectivity and boosted tourism and business travel," Ms Considine continued.

Shannon Airport saw increases in passenger traffic across all key markets, with continental European traffic rising by 16% to 870,000. Transatlantic passenger numbers grew by 12% to 332,000, while UK traffic increased marginally to 839,000.

The Group invested over €8m in 2024, with a further investment of over €30m in infrastructure planned to support the achievement of its ambitious sustainability goals, enhance customer experience and drive regional economic growth.

Key projects underway include a €3m, 1.2-megawatt solar PV farm, the first of its kind on an airfield in Ireland, which will provide up to 20% of the airport’s electricity requirements once completed this year. 

Also planned is a €2.5m thermal wrap facelift of the terminal building which, combined with other key projects, will assist the Group in achieving its goal of a 51% reduction in greenhouse gas emissions by 2030 and reaching Net Zero by 2050.

“While there is significant global volatility and uncertainty during 2025 and beyond, we are committed to driving innovation and resilience to navigate these challenges together," Ms Considine continued.