Last Updated on Wednesday, 15 May, 2024 at 9:30 am by Andre Camilleri
Malta International Airport on Tuesday announced that it is adjusting its traffic forecast and financial guidance for 2024, as it expects to welcome 8.45 million passengers by the end of the year, surpassing 2023 results by approximately 650,000 passenger movements.
“Building on the record results achieved in 2023, the airport reported a strong first quarter in 2024, with the remaining months of the year expected to follow a similarly steady growth trajectory.”
774,562 passengers travel through the airport in April
Malta International Airport welcomed 774,562 passengers in April, posting a 9.3% growth in traffic volumes over the same period in 2023. “This result was achieved in parallel with a 9.6% increase in aircraft movements.”
While seat capacity deployed by airlines climbed by 10.5% over 2023, the average seat occupancy on flights decreased marginally to stand at 83.8%, the airport said.
“April’s top markets were Italy, the United Kingdom, Germany, France and Poland. While the United Kingdom (+23.9%), Germany (+4.5%) and Poland (+47%) outperformed their respective 2023 results, the Italian and French markets suffered a year-on-year drop of 2.8% and 3.8%, respectively.”
Malta International Airport revises guidance for 2024
“In light of the strong results achieved thus far, and the positive outlook for the remaining months of 2024, Malta International Airport has adjusted the guidance for the year, and now expects: Revenue to total €132 million; EBITDA to reach €82 million; Net Profit to amount to €44 million; CAPEX to be between €60 million”
