Turnover at the Shannon Airport Group increased by 7.6% last year to €73.1 million.
The group reported earnings before interest, taxes, depreciation, and amortisation of €18.3 million.
This was reflected in the group’s annual profit from continuing operations of €25.7 million, before tax and exceptional items.
“This level of profitability, in conjunction with a growing balance sheet of €309 million at the end of 2024 is very encouraging and creates a solid foundation for our future plans,” said Mary Considine, CEO of the Shannon Airport Group.
“With this performance we are on a firm financial footing to embark on the next phase of our development strategy,” she added.
The group invested over €8 million in 2024, with a further investment of over €30 million in infrastructure planned.
Key projects underway include a €3 million 1.2-megawatt solar PV farm, which will provide up to 20% of the airport’s electricity requirements once completed this year.
The airport exceeded its passenger growth target last year to reach 2.1 million passengers, up 7% on 2023. This was the highest number of passengers in 15 years.
“This strong growth milestone reflects the airport’s pivotal role in Ireland’s aviation sector, and success in 2024 was driven by a strong performance across our 33 routes to 11 countries with the addition of new routes and increased capacity,” Ms Considine said.
The Shannon Airport Group’s 2024 annual report also shows that continental European traffic rose by 16% to 870,000, while transatlantic passenger numbers grew by 12% to 332,000, and UK traffic increased marginally to 839,000.
“Shannon Airport’s passenger growth soared by 44% from 2022 to 2024, making it Ireland’s fastest-growing airport. We will continue to work on growing strategic connectivity for Ireland,” Ms Considine said.
