Profits at the Irish arm of global airport ground handling giant Swissport soared more than fivefold to €9.6m last year, newly-filed accounts for the business show.
Swissport Ireland provides aircraft handling, cleaning and freight services to airlines operating out of Dublin, Shannon and Cork airports.
Swissport’s chief executive is Warwick Brady. He is a former Ryanair and EasyJet executive, who was also the chief executive of Stobart Group.
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The accounts for Swissport Ireland show that its turnover rose to €66.4m in 2025 from €59.5m a year earlier.
That increase came as the company reversed a revenue decline seen in 2024 due to lost contracts. Swissport Ireland said it secured replacement contracts in 2025.
Its earnings before interest, tax, depreciation and amortisation (Ebitda) hit €10m in 2025, compared to €2.6m in 2024.
The company said the improved Ebitda performance was due to a number of factors, including decreased equipment repair costs as its ground support equipment renewal programme progressed.
“With newer assets in operation, maintenance requirements reduced compared to the elevated levels experienced in 2024 when the ageing fleet demanded more frequent and costly repairs,” note the accounts.
The accounts also note that costs incurred in 2024 due to delays in processing security passes at Dublin Airport did not recur in 2025. Those delays had forced Swissport Ireland to shoulder additional costs for what it called “resilience team support and travel”.
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Swissport, which has provided ground handling services at Dublin Airport since 1995, is owned by private equity groups Apollo and TowerBrook.
They secured control of the business in 2020 when former owner, China’s HNA conglomerate, got into financial difficulty. That resulted in a debt for equity swap.
At the time, the new owners appointed Christoph Mueller as interim CEO and interim chief financial officer of Swissport. Mr Mueller was chief executive at Aer Lingus from 2009 to 2015. Mr Mueller subsequently took on the chairman role at Swissport once Mr Brady took up the CEO role in May 2021.
Mr Mueller stepped down as Swissport chairman in 2022.
Mr Brady has overseen a significant turnaround at Swissport. Last year, the group served 250 million passengers, including six million airport lounge guests and handled five million tonnes of air freight across more than 300 airports in almost 50 countries.
It posted revenue of €3.9bn in 2025. Ratings agency Fitch reckoned Swissport generated earnings before interest, tax, depreciation, amortisation and restructuring or rents costs of $481m (€421m).