Department to review Kerry Airport's €306,000 market investment loss

The Department of Transport is to review a loss of almost €306,000 made by Kerry Airport on a soured market investment as part of the airport’s current application for new funds.

The Department of Transport is to review a loss of almost €306,000 made by Kerry Airport on a soured market investment as part of the airport’s current application for new funds, but said it "is not in the business" of covering losses from poor investment or commercial decisions.

The Irish Examiner has reported that privately-run Kerry Airport will book the loss as part of an unusual €1.5m investment it took on an investment bond, which went disastrously wrong when markets crashed at the onset of the Covid-19 crisis in March.