Malta International Airport p l c : May Traffic Results
June 11, 2024 at 03:22 pm
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COMPANY ANNOUNCEMENT
Malta International Airport plc (the "Company")
May Traffic Results
Date of Announcement
11 June 2024
Reference
407/2024
In terms of Chapter 5 of the Capital Market Rules
QUOTE
Passenger movements through Malta International Airport surpassed the 800,000-mark in May for the first time in the airport's history, with this milestone being reached in July last year.
In fact, May's 858,402 movements exceeded the airport's previous passenger traffic record for the month, held by May 2023, by 18.2 per cent, or more than 132,000 movements.
Last month's upswing in passenger traffic was observed in parallel with a 13.8 per cent increase in aircraft movements, with a total of 5,607 take-offs and landings recorded in May, and a rise of 14.1 per cent in seat capacity.
A high seat load factor of 85.9 per cent also demonstrated strong demand for air travel and efficient utilisation of available seats.
Italy, the United Kingdom, and Germany continued to dominate Malta International Airport's market leaderboard, collectively holding just over 50 per cent of the market share. France and Poland secured the fourth and fifth positions respectively, with Poland achieving the most substantial growth, increasing by 62.4 per cent over 2023.
As Malta's sole air terminal, Malta International Airport connects the Maltese archipelago to over 100 destinations. In 2023, the airport welcomed 7.8 million passengers, marking a growth of 6.7% in passenger traffic over 2019.
The airport team is guided by a vision of service excellence, which has led MLA to clinch the title 'Best Airport in Europe' for 2018, 2019, 2020, 2021 and 2022. To uphold this reputation and to be able to cater for an ever-increasing number of passengers, the company has consistently invested in the airport campus since the airport's privatisation in 2002.
The company announced a five-year investment programme totalling €250 million in 2023, aimed at enhancing the airport's infrastructure and ensuring that Malta International Airport can seamlessly handle increasing volumes of passengers, whilst reaching its environmental targets and continuing to develop the airport campus.
Apart from these notable investments into the airport's infrastructure, Malta International Airport also invests into the Maltese Islands' cultural heritage and environment through the Malta Airport Foundation which will be celebrating its 10th year anniversary this year.
Malta International Airport plc is a public company listed on the Malta Stock Exchange, with its shareholders being the Malta Mediterranean Link Consortium (40%), with Flughafen Wien AG owning a 96% share, the Government of Malta (20%), the general public (29.9%), and VIE Malta Limited (10.1%).
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11 June 2024 and is solely responsible for the information contained therein. Distributed by
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Malta International Airport p.l.c. is a Malta-based company, which is engaged in the development, operation, and management of Malta International Airport. The Company has three segments: Airport, Retail and Property, and Other. The Airport Segment comprises the activities usually carried out by an airport. These services include airport regulations, aviation concessions and PRMs (persons with reduced mobility) and their associated services. The segment also includes the operations and maintenance of the terminal, runways, taxiways, and aircraft parks. The Retail and Property segment includes the operations of various retail outlets within the airport perimeter, advertising sites, rental of offices, warehouses, income from the running of very important person (VIP) lounges, and services that support airport operations. The Company's subsidiaries include Airport Parking Limited, SkyParks Development Limited, SkyParks Business Centre Limited, and Kirkop PV Farm Limited.