DAA losses place question mark over Terminal 2
The Dublin Airport Authority (formerly Aer Rianta) which operates Ireland’s 3 international Airports (Cork Airport, Shannon Airport & Dublin Airport) and Aer Rianta International (The DAA’s Duty free division) has reported losses for 2009 following a major slump in passenger numbers across the 3 airports and a 50% drop in profits at the duty free division.
Despite the losses the DAA paid a dividend in 2009 to the Government of almost €20 million.
The Authority has agreed a restructuring plan with staff that will save €38 million a year and reduce headcount by 300, however this year will see the opening of Terminal 2 at Dublin Airport which will undoubtedly add to the cost burden at the DAA.
Add comment April 28th, 2010
