Wage pressures drag down Aircoach earnings by 24%

Inflationary wage pressures and the recruitment of new drivers contributed to pre-tax profits at private coach operator Aircoach falling by 24% to €4.7m last year.

Wage pressures drag down Aircoach earnings by 24%

Inflationary wage pressures and the recruitment of new drivers contributed to pre-tax profits at private coach operator Aircoach falling by 24% to €4.7m last year.

However, the bus company's revenues increased by 5.6% to €26.59m in the 12 months to the end of March last.

The company said an increase in route services drove increases in revenues and passenger numbers.

Aircoach's services include a number of routes to and from Dublin Airport to different parts of the capital, as well as routes between Dublin and Belfast and Cork.

The company said "driver costs rose significantly, partly due to inflationary wage pressure but principally due to the necessity to restore driver numbers to cover additional routes provided”.

The company paid a dividend of €3.8m to its UK parent, First Group last year.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited