Thursday, July 14, 2016

M.I.A plc releases revised mid-year projections for 2016

Malta IAP is expecting 4.97 million passengers to pass through the airport by the end of the year, according to its revised mid-year projections. This would surpass all traffic records achieved so far. The first six months of this year alone already saw an additional 195,574 passenger movements compared to the same period last year, an increase of 9.8%.

Addressing a press conference, M.I.A. CEO A. Borg said this increase was even more significant as the growth was being registered in both peak and shoulder months, in line with the nation-wide strategy to promote Malta as a year-round destination.

He added that June alone registered an increase of 6.8% in passenger movements, continuing with the positive trends observed during the first five months of the year. This growth was stimulated by an increase in seat capacity and airlines' increased efficiency in filling up these available seats. In fact, seat load factor for the period between January and June reached 80%, while seat capacity grew by 7.4%.

Malta’s top market remains the U.K., with 612,413 passenger movements in the first six months of 2016, followed by Italy (459,657) and Germany (284,889). On the other hand, the markets that registered the largest growth were Turkey (37%) and Switzerland (36.4%), following the introduction of more frequent flights leaving Malta IAP to Istanbul and Zurich and Geneva, respectively.

In the meantime, other noteworthy developments for 2016 include enhanced winter operations and schedules by Ryanair, SAS and WizzAir and the introduction of new and added flights by Air Malta, Lufthansa, and easyJet. (Source: maltaiport.com, 13-Jul-2016)