Friday, July 28, 2017

M.I.A. plc releases half-yearly results, revises projections for 2017

Malta Int'l Airport's revised projections indicate that circa 5.8 million passengers are expected to pass through the terminal by the end of the year, establishing a new traffic record for the airport. In the first half of the year, Malta IAP had already registered 2,639,712 passenger movements, amounting to an increase of 20% over the same period in 2016.

This solid six-month performance encouraged the company to revise its original forecast announced in January, while taking into account the growth rate reached so far, traffic developments for the winter season, and trends observed in the aviation industry.

CEO A. Borg presented this forecast at a press conference, noting that while passenger numbers have recently been experiencing an increase across all months, Malta International Airport will be persisting in its efforts to ascertain that the upcoming winter season maintains the momentum gained thus far.

Detailed traffic results for the first half of 2017 revealed that June was the third consecutive month to register over half a million passenger movements. The growth experienced in the first six months was bolstered by an upturn of 15% in aircraft movements and 19% in seat capacity.

Despite the increase in seat capacity, with over 3 million seats available on flights operated to Malta IAP in the first six months, a healthy seat load factor was maintained, which stood at 80.7%.

Looking ahead, important developments for winter 2017-18 include the introduction of four new winter routes operated by Ryanair and EasyJet, and the extension of a number of routes from summer into winter by Air Malta, Wizz Air and Aegean Airlines. In addition to this, increased flight frequencies during the upcoming season will also be offered by SAS, Lufthansa, Vueling, and Jet2.

By the end of the year, the airport will have invested EUR16 million in its infrastructure, with the heftiest injection being in the terminal reconfiguration project. Completed project milestones include the opening of a new La Valette lounge, a re-conceived observation deck, and the security screening area relocation. Upon conclusion of the project’s first phase, the terminal will also be furnished with eight additional check-in desks and a new baggage handling system. (Source: maltairport.com, 27-Jul-2017)