Friday, May 8, 2009

IAA announce 2008 results

The Irish Aviation Authority (IAA) announced it's 2008 results today. Turnover grew 8.1% for the year to €166.7m but after tax earnings fell from €14.7m in 2007 to €12.2m in 2008.
At the three state airports terminal commercial movements rose by less than 1% for the year to 269,684. En route (overflying) traffic rose by less than 1% to 309,181.  North Atlantic communication traffic handled by Ballygireen in Co. Clare rose by 1.8% to 422,086. the second half of 2008 was particularly difficult with the impact of the meltdown in worldwide commercial markets and the rise in oil prices.
The first four months have seen an increase in the rate of fall off with traffic at Dublin airport down 12%, en route traffic down 7% and North Atlantic HF traffic down 7%.
The recession doesn't appear to have had a significant affect on the Irish civil aircraft register with a total of 1,179 aircraft registered as of May 5c compared to 1,168 in December 2008. Heavy commercial aircraft accounted for 470 airframes with a total of 219 aircraft on dry lease or storage overseas. The helicopter population wouldn't appear to suffering the decimation that pundits and commentators would have us believe - there were 144 helicopters on the register on May 5 compared to 162 in early 2008. 

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