Knock airport forecasts four-fold revenue increase

📆 11/18/2022 10:15 PM
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The company that operates Ireland West Airport Knock is forecasting more than a four-fold increase in revenues this year to €17m, with the airport aiming to achieve close to a breakeven position after two years of Covid-19 related losses.

This follows the firm behind the airport, Connaught Airport Development Company Ltd, confirming in new accounts that it lost over 1.3m passenger journeys and revenue of up to €25m during the Covid-impacted 2021 and 2020.

The airport group's revenues last year totalled €3.8m which was 30% higher than 2020 due to a 22% increase in passenger numbers to 174,464, but 74% down on pre-Covid 19 revenues and 79% down on the record high 807,000 in passenger numbers in 2019. They say that an additional 17% reduction in total operating costs was recorded in 2021, down 57% in total from pre-Covid levels.The directors say that last year the airport"continued to be severely impacted by the consequences" of the Covid-19 pandemic.The directors state that on reopening, Ryanair operated around 60% of its normal flight schedule whilst Aer Lingus did not return until December.

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