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

Malta International Airport's financial results for the first nine months of the year were published on Wednesday, following approval of the Group's financial statements by its Board of Directors.Between January and September 2024, Malta Internationa

By: independent.com.mt

Nov 13 2024
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6,896,928 passengers passed th

Malta International Airport's financial results for the first nine months of the year were published on Wednesday, following approval of the Group's financial statements by its Board of Directors.

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," the airport said.

"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."

Malta International Airport also announced that passenger traffic grew by 8.7% 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% year on year, Seat Load Factor (SLF) also registered an uptick of 1.8 percentage points to stand at 86.5%, it said.

"With a combined market share of just over 50%, 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."