Increased air traffic sees IAA profits up 2.3%
19/04/2007 - 14:22:05The Irish Aviation Authority (IAA) today a 2.3% increase in after-tax profits in 2006 to €13.7m.
Turnover was up €127.7m to €134.4m in 2006, a 5.2% jump.
Terminal traffic at the three State airports combined rose by 4% to 251,235 movements. Dublin increased by 5.3% on 2005 to 181,220 aircraft movements. Shannon was up 3.6% to 35,590 movements, with traffic in Cork up by 3.3% to 34,425 movements.
The weaker dollar and increased competition amongst air carriers in 2006 saw North Atlantic traffic rise by 5.4% more than 2005 figures to 391,273 movements, which was a record year for North Atlantic air traffic.
At the IAA’s annual general meeting held today, chairman Jerry Liston expressed his satisfaction at the results.
“The Authority remains clearly focussed on overseeing safety standards whilst providing a cost effective and efficient service,” he said.
“The challenges of the EU’s Single European Sky regulations and the European Aviation Safety Agency (EASA) will be our key strategic focus in the years ahead. 2006 showed that we continued to respond in a positive manner to the changing European aviation environment.”
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.
The IAA’s revenue primarily comes from charging aircraft that use Irish airspace.
The majority of these aircraft do not land at Irish airports, but instead transit through Irish airspace between Europe and North America.
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