The Latest News From the IAA
Irish Aviation Authority revenues up in 2018
26 Apr 2019
- 2.8% increase in revenue as turnover reaches €198.9 million
- Profit after tax up to €31.3 million
- IAA receives no capital funding from state, revenues generated from fees and charges on aviation industry
- 2018 busiest ever year for aviation with IAA overseeing 1.15 million safe flights
The IAA also reported a profit after tax of €31.3 million, up from €26.3 million in 2017.
In line with this continued strong performance in 2018, the IAA also announced the payment of a €19.5 million dividend to the State shareholder, made up of an ordinary dividend of €7.5 million and a special dividend of €12 million.
2018 was the busiest ever year for Irish aviation, with the IAA safely overseeing more than 1.15 million flights. Ireland’s air traffic grew by over 1.4% compared to 2017.
Peter Kearney, Chief Executive of the IAA said, “This is a very satisfactory financial performance in 2018, a year in which the IAA safely and efficiently managed a record number of flights in Irish airspace. Despite the uncertainty due to Brexit, these results demonstrate the benefits of our continued investment in technology and our people, and will further cement our position as a leading aviation regulator and service provider.”
The IAA receives no operational or capital funding from the State. Its revenues are generated through charges and fees from the aviation industry, which are among the lowest in Europe.
NOTE: The figures published today can be found in the Irish Aviation Authority 2018 Annual Report, which can be viewed here: