Malta International Airport registers increase in profits due to increase in revenues from both aviation and non-aviation activities
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Malta International Airport plc announced that the Company’s profits for the year ended 31st December 2018 increased from €24.2 million to €30.3 million. Increases in revenues were registered by both the Company’s aviation and non-aviation activities. Group revenues for the year were €92,191,719 up from €82,369,154 in 2017.
Aviation revenues, which grew by 11.1% to total €65.5 million, are largely attributable to an increase of 13.2% in traffic, which reached a new all-time high of 6,808,177 passenger movements in 2018. With an increase of 14.1% to reach €26.7 million, the Company’s non-aviation activities also delivered positive results, in line with its corporate strategy.
A positive trend was registered across most of the revenue streams within the retail and property portfolio, with particularly noteworthy contributions from the airport’s retail outlets and SkyParks Business Centre. Within this portfolio, the Company’s VIP products registered the biggest increase over 2017 (+36.3%).
Earlier this year, the company announced that in January, Malta International Airport continued to register growth, albeit at a not unexpected slower pace, in the winter months. 366,015 passengers have been served through Malta’s airports
In a statement the MIA said that “Following several months of robust growth, January’s modest 4.1 per cent increase in passenger numbers was observed alongside a 9.9 per cent increase in aircraft movements and a rise of 7.9 per cent in seat capacity. Seat load factor (SLF) for the month stood at 69.0 per cent.
Within the top five markets, Spain registered a phenomenal increase of 87.2 per cent and France grew by a healthy 12.0 per cent.
The performance of the Spanish and French markets indicates that the joint traffic diversification strategy of Malta International Airport, the Ministry for Tourism and the Malta Tourism Authority is bearing the desired results, in that it has stimulated newer markets to gain momentum just as legacy markets are reaching maturity.”
