News

Flying start for 2017

Malta International Airport passed a milestone of five million passengers in 2016, and 300,000 passengers in the first month of 2017, as well as revealing substantial increases in all key performance indicators of the financial statement of 2016.

Malta International Airport broke a new record in January 2017 with passengers exceeding 300,000 in one month for the first time ever. The final number of passengers in January reached 301,289, which accounts for a 27.3 percent increase from January 2016. The increase amounts to the combined population of the three biggest towns in Malta.

The growth of passengers follows an upturn of aircraft movement of 22.1 percent and an increase in the seating capacity of 27.7 percent. A key driving factor has been the enhanced connectivity with Italy, Spain and Germany. Airlines have also improved their capacity to fill empty seats, indicated by a rise of one percent in seat load factor (SLF) to 72.7 percent.

Top contributing countries of the traffic at Malta International Airport in January was the UK, Italy, Germany, Belgium and Spain. Catania Fontanarossa International Airport is among the newcomers to establish itself in the top five airports delivering traffic to Malta. In terms of cargo, January also registered a cargo and mail weight of 1.305 tonnes, compared to 1.185 tonnes in January 2016.

Financial statements also reveal that profits increased from €19.3 million to €21 million during 2016. The group counted a global sum of €73,064,828 for 2016, compared to €66,965,843 in 2015. A traffic milestone was reached at five million. The segment of the revenue from aviation grew by 10.9 percent while the non-aviation segment increased by 5.1 percent. An increase was also recorded for SkyParks Business Centre, retail outlets, VIP products, and for parking lots.

Earnings (EBITDA) of the group increased from €35.6 million in 2015 to €40 million. A recommendation has also been issued by the board for the payment of a final net dividend of 7c per share at the closing of business on April 10th, paid out on May 26th.

First reported by Malta Chamber of Commerce. See Malta International Airport for the press release.

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