6,896,928 passengers passed through MIA between January and September 2024

Malta International Airport’s financial results for the year's first nine months were published on Wednesday. 

Between January and September 2024, Malta International Airport generated €107.8 million in revenue and posted a net profit of €39.5 million. These results were bolstered by a strong traffic performance, which saw the airport welcome 6,896,928 passengers during the same period.

Capital expenditure for the first nine months of 2024 totalled €39.7 million, as works on major infrastructural projects, including the construction of Apron 8 South, the first phase of the Terminal Expansion Project, and the development of an upgraded VIP Terminal, continue apace.

October Traffic Results

Malta International Airport also announced that passenger traffic grew by 8.7 per cent in October, compared with the same month last year, as passenger volumes exceeded the 800,000 milestone for the first time to total 838,393 movements.

While seat capacity increased by 6.5 per cent year on year, Seat Load Factor (SLF) also registered an uptick of 1.8 percentage points to stand at 86.5 per cent.

With a combined market share of just over 50 per cent, Italy, the United Kingdom and Germany continued to dominate Malta International Airport’s market leaderboard in October. While the French and Polish markets secured the fourth and fifth positions respectively, the latter registered the most substantial year-on-year improvement, with a growth rate of 49.8 per cent.

Revised Guidance

A strong nine-month performance has given Malta International Airport a confident outlook for full-year 2024, leading the Company to adjust the guidance published in May 2024 to the following:

• Traffic to reach 8.96 million passenger movements
• Revenue to total €141 million
• EBITDA to reach €85 million
• Net Profit to amount to €46 million
• CAPEX to be €64 million

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%).

For more information, visit www.maltairport.com.