Between January and September 2024, Malta International Airport (MIA) generated €107.8 million in revenue and posted a net profit of €39.5 million, announced the company in a financial statement.

The results were bolstered by a strong traffic performance, which saw the airport welcome 6,896,928 passengers during the same period.

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, wrote MIA in a statement.

October traffic results

MIA also announced that passenger traffic grew by 8.7 per cent 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 per cent year on year, Seat Load Factor (SLF) also registered an uptick of 1.8 percentage points to stand at 86.5 per cent.

With a combined market share of just over 50 per cent, 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.

MIA is forecasting that by the end of this year, passenger movements reach 8.96 million, generating a total revenue of €141 million.

The airport also anticipates an EBITDA of €85 million and a net profit of €46 million, supported by a CAPEX investment of €64 million aimed at further infrastructure and service improvements.