Malta Airport Welcomed 7.8 million Passengers Last Year, Exceeding 2019 Levels


Malta Airport has surpassed 2019 levels by 6.7 per cent, reaching a record of 7.8 million passengers in 2023.

After this record, the airport company expects to welcome eight million passengers in 2024, reports.

In addition to passenger traffic, Malta Airport aims to reach a total revenue of โ‚ฌ126 million. EBITDA (earnings before interest, taxes, depreciation, and amortisation) is expected to reach โ‚ฌ79 million, net profit โ‚ฌ42, and planned CAPEX is expected to reach โ‚ฌ45 million.

Alan Borg, CEO of the airport company, stated that last year, Malta Airport achieved record-breaking monthly figures for the first time since 2019.

While travel demand has remained resilient throughout the year, we are entering 2024 with cautious optimism, as we expect to see passenger traffic growth level off over the coming months while continuing to face macroeconomic and geopolitical headwinds.

Alan Borg, CEO of the airport company

Borg further revealed that in 2024, the company plans to expand the airportโ€™s capacity. More specifically, the company concludes phases of terminal expansion and Apron X construction this year and will start works on the VIP Terminal and SkyParks Business Centre 2.

Meanwhile, Leslie Vella, Deputy CEO of Malta Tourism Authority, praised the partnership between Malta Airport and MTA, attributing it to the record success of the Maltese tourism industry.

Vella further committed that MTA will keep collaborating with the airport to achieve ongoing, sustainable growth throughout the year.

In general, Malta Airport has reported increased passenger traffic throughout 2023. The highest number of passengers was registered in August last year, with 878,462 travelling through this airport. Additionally, this figure exceeded 2019 levels by 6.7 per cent.

After August, the second month with the highest number of passengers last year was July, with 848,716 travellers. Malta Airport experienced high passenger traffic during September and October, with over 812,000 and over 770,000 passengers, respectively.

Last year, Malta International Airport also secured its first-ever seat on Airports Council Internationalโ€™s regional board (ACI).

In addition to passenger traffic, Malta has been reporting a continuous increase in tourists since 2019, the pre-pandemic year.

Between September and December last year, Malta saw a growth in the number of Chinese travellers compared to the same period in 2022.

Meanwhile, in 2022, Malta welcomed approximately 2.3 million touristsreaching 83 per cent of 2019 levels.


Source link