Malta International Airport plc - Interim Directors’ Statement

Monday, May 19th, 2014

On 19 May, Malta International Airport plc published its Interim Directors’ Statement to update the market on its performance since the start of 2014.

During the period under review, the financial position of the Company has remained sound and the financial performance has been better than projected. Passenger traffic for the first four months of the year reached a record 1,033,023 movements representing a 10.3% growth over the same period last year on the back of a 9.0% increase in seat capacity and a 0.9 percentage point increase in the seat load factor to 74.1%. The increased traffic achieved during winter and spring demonstrates that Malta continues to move towards an all-year round destination among holidaymakers. It is interesting to note that traffic figures for April are comparable to those achieved in June 2012 (375,294 passengers).

The outlook for the summer season looks positive albeit at significantly reduced growth rates than those achieved in the first four months. Wizz Air will be increasing its presence in Malta introducing three new scheduled routes in June to operate twice weekly from Gdansk and Sofia, and three times a week from Bucharest. Wizz Air will also be increasing their Budapest schedule from 4 to 5 flights a week between June and September. Similarly, as from August, Emirates will increase its weekly schedule to operate twice daily from Dubai having one flight via Larnaca and a second flight going through Tripoli. Brussels Airlines will be the third new airline to start operations to Malta this year as it starts to fly twice weekly from Brussels between June & September. Vueling, who already flies to Malta from Madrid and Barcelona, will launch a third route from Seville twice weekly during July and August.

Given these developments and subject to any unforeseen circumstances, the Directors expect the Company’s financial results for the year to be within the projections made at the beginning of the year.

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