IAA sees €16.2m profit
13/06/2006 - 11:49:40The Irish Aviation Authority (IAA) today announced that it recorded a profit before tax of €16.2m in 2005, reflecting a growth in international traffic levels during the year.
The IAA is a commercial semi-State body responsible for the provision of air traffic control services in Irish-controlled airspace and the safety regulation of the Irish civil aviation industry.
Revenue primarily comes from charging aircraft which use Irish airspace, the majority of which do not land at Irish airports, but instead comprise en route overflying traffic between Europe and North America.
Turnover increased by 2.6% to €127.7m in 2005, up from €124.5m in 2004. Profit before tax was recorded at €16.2m for the year as compared with €14.3m in the previous year.
