Shannon Group lost $33.9 million in 2020 due to pandemic

Passenger numbers at Shannon Airport fell 79%

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Shannon Group lost $33.9 million in 2020 due to pandemic www.financialstand.com

Irish state-owned Shannon Group lost €28 million last year as COVID-19 pandemic restrictions cut airport passenger numbers.

The group, responsible for Shannon Airport along with property management and other businesses, said passenger numbers fell 79 percent to 352,000 last year.

Mary Considine, the chief executive, said the group lost €28.2 million in 2020 against a profit of €21.6 million the previous year.

She pointed out that Shannon found itself facing an “unprecedented” crisis last year instead of the expected growth in passengers and visitors to its heritage sites.

Visitors to the heritage sites, which include Bunratty and Malahide castles, fell 69 percent to 302,000.

Ms. Considine warned that a clear framework was needed to restart air travel to the Republic.

She argued that restoring international air links would be pivotal to economic recovery as the State emerged from the Covid crisis.

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