On track: Coach firm heading for profitability
John O’Sullivan’s Dublin Coach company celebrated one year on the Limerick-Dublin bus route this week and the businessman is happy that it’s heading in the right direction.“We’ve had a very good year. Limerick would be hitting profit for us now,” he told me.
O’Sullivan established Aircoach in 1999 before selling it to Scotland’s First Group six years later for €16.5 million. He’s now back in the game with Dublin Coach, which will carry more than one million passengers this year and generate revenues of €6 million.
Is it profitable?
“We won’t have made money in the current year but we are on track to make a profit next year.”