Malta International Airport p l c : May, 2024 8.45 million passengers expected to travel through Malta Airport in 2024

Malta International Airport today 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 per cent growth in traffic volumes over the same period in 2023. This result was achieved in parallel with a 9.6 per cent increase in aircraft movements.

While seat capacity deployed by airlines climbed by 10.5 per cent over 2023, the average seat occupancy on flights decreased marginally to stand at 83.8 per cent.

April's top markets were Italy, the United Kingdom, Germany, France and Poland. While the United Kingdom (+23.9 per cent), Germany (+4.5 per cent) and Poland (+47.0 per cent) outperformed their respective 2023 results, the Italian and French markets suffered a year-on-year drop of 2.8 per cent and 3.8 per cent, 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

Published 14.05.24

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