“Prospects for 2023 look brilliant with passenger numbers anticipated to exceed 2019 ranges” says The Shannon Airport Group CEO.
Mary Considine, CEO of The Shannon Airport Group, cites the exceptional demand for worldwide journey for Shannon Airport’s sturdy efficiency in 2022. Passenger numbers final yr had been up 300% when in comparison with 2021, with passenger visitors for 2023 anticipated to exceed 2019 ranges. Ms Considine’s feedback come following in the present day’s publication of The Shannon Airport Group’s 2022 annual report.
Sturdy Restoration in Passenger Numbers
“Passenger numbers at Shannon Airport in 2022 exceeded our expectations. The pent-up want for worldwide journey following the lifting of pandemic journey restrictions was mirrored in an 88% restoration on 2019 passenger ranges. We welcomed over 1.51 million passengers via our airport throughout 2022, which was a 300% enhance on 2021 passenger numbers.
“The preparatory work we put in place throughout the pandemic enormously assisted us in our restoration. The introduction of our new, sooner, airport safety screening facility, the primary state airport to take action, had a optimistic influence. Due to it we’ve seen a rise in folks from all around the nation utilizing Shannon Airport, as they now realise how ‘simple’ it’s,” mentioned Ms Considine.
Commenting on the outlook for this yr, Ms Considine mentioned, “Prospects at Shannon look brilliant for 2023 and this yr we are going to function 35 routes to 11 international locations. We’re delighted to be giving our clients extra locations to select from, in truth we could have extra routes this yr than we did in 2019, with six model new locations. These new companies are to Naples, Beziers, Newcastle, Porto, Liverpool, whereas our transatlantic companies will probably be enhanced with the addition of a day by day nonstop seasonal service to Chicago beginning in Could. By the tip of 2023, we count on visitors volumes to have surpassed 2019 ranges.
“Customer numbers to our Shannon Heritage websites additionally skilled a powerful restoration in 2022 because of the resumption of worldwide journey, with day customer numbers again to over 80% of pre-pandemic ranges. We’re happy that the switch of Shannon Heritage to Clare County Council is underway. I wish to thank Shannon Heritage workers for his or her dedication and loyalty to the enterprise over time, and need them and Clare County Council each success for the long run. We look ahead to sustaining our relationship with them as we develop important air companies that convey worldwide guests to those customer websites and Eire,” Ms Considine mentioned.
Constructive Monetary Efficiency
The Shannon Airport Group’s improved efficiency throughout its enterprise is mirrored in its 2022 monetary outcomes with a rise of over 76% in Group turnover from persevering with operations to 60.7 million euros in comparison with 34.5 million euros in 2021. EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) for the Group elevated to 16.5 million euros from 8.6 million euros in 2021.
Funding Technique Yielding Dividends
The Group operates a big property portfolio, a lot of which is centred across the Shannon Campus. The campus is house to certainly one of Eire’s largest multi-sectoral enterprise parks which homes companies from a spread of sectors together with aviation, aerospace, prescription drugs, MedTech, IoT software program improvement, manufacturing, IT, and logistics.
“We continued to see the influence our funding programme throughout the Shannon Campus is having on Irish and abroad firms. Improved connectivity, the supply of our property funding technique throughout the Shannon Campus, and developments like Ryanair’s 10 million euros funding of their upkeep facility at Shannon, have all contributed to our restoration.
“In 2022, we invested over 21 million euros throughout our campus to enhance our airport operation and supply property options for our enterprise clients. Funding within the airport included graduation of our airbridge substitute programme and the improve and rehabilitation of our airfield.
“Approaching stream this yr we’ve over 100,000 sq. ft of latest business properties. A brand new 60,000 sq. ft multi-use industrial unit superb for warehousing, manufacturing, or logistics, and which sits within the coronary heart of our Shannon Campus is near completion. We’ll convey an extra 40,000 sq. ft manufacturing and workplace facility to the market later this yr,” mentioned Ms Considine.
As well as, the Group supported the supply of Sensible Metropolis infrastructure throughout the Shannon Campus by Future Mobility Campus Eire (FMCI). It additionally accomplished the handover of a brand new constructing to FMCI for his or her full-scale improvement centre and test-bed for mobility applied sciences.
Sustainability was a key focus for the Group in 2022, this was bolstered by the publication of its new sustainability technique. The technique will allow the Group to play its half in delivering on the Authorities’s local weather motion plan.
“Working collaboratively with our stakeholders and offering help the place we will, will proceed to be a key focus for us, significantly in addressing the problem to decarbonise. We’re dedicated to making a extra sustainable future and final yr we signed a Memorandum of Understanding (MoU) with the ESB to discover the event of a hydrogen refuelling station on our Shannon Campus,” mentioned Ms Considine.
Flying Excessive for 2023
“Our persons are important to unlocking the complete potential of the Group. They supply vitality, enthusiasm and ingenuity that drives our success.
“Thanks to all our colleagues throughout The Shannon Airport Group, who supported the operation, and to our clients and stakeholders who proceed to help our efforts. With our six new routes this yr and a powerful ramp-up in our funding technique, we’re wanting ahead to a brilliant 2023,” mentioned Ms Considine.
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