Shannon annual profits jump 34%

Profits at the independent Shannon Airport have jumped 34% in just one year with passenger numbers up 17% and European traffic up 70%.

That is according to the first annual report from Shannon Group plc, which runs four business units including the airport: Shannon Heritage, Shannon Commercial Properties, and the International Aviation Services Centre.

The group employs 600 people at peak season and recorded a €21.1m turnover in its first four months and returned a post-tax profit of €600,000.