Malta International Airport plc – Interim Directors’ Statement

Malta International Airport plc announced that following the publication of the unaudited financial statements for the six months ended 30 June 2014, no material events and /or transactions have taken place that would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules, and which have not been otherwise announced through a Company Announcement.

During the period under review, the financial position of the Company has remained sound. Passenger Movements at the airport from January to October 2014 are up by 6.7% over last year. Traffic for the last two months of the year is expected to be similar to that of 2013. We are therefore forecasting another record for the full year 2014 with passenger movements expected to reach 4.2 million. 

The local airport operator is extending the incentive to refund landing fees to all scheduled airlines during the winter 

months, introduced in 2011, for the fourth consecutive year. Landing fees will be refunded back to the airlines for the months of November and December 2014 and for January, February and March 2015. The company estimates that this initiative will cost the Company around €1.4 million in lost revenue. 

The SkyParks Business Centre currently in its second full year of operation has reached full office space occupancy, as anticipated.

Subject to any unforeseen circumstances, the Directors expect the Company’s financial results for the year will be better than the projections made at the beginning of the year and of those of 2013.

To view the official company announcement, click here.