Malta International Airport plc - Interim Directors’ Statement

Thursday, November 13th, 2014

On 13 November, Malta International Airport plc published its Interim Directors’ Statement to update the market on the Company’s performance since 30 June.

MIA reported that 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. Therefore, the airport operator is anticipating another record for the full year 2014 with passenger movements expected to grow by around 5.9% to over 4.2 million passengers.

The announcement also explained that for the fourth consecutive year, the airport operator will be extending the incentive to refund landing fees to all scheduled airlines during the winter months (being the five month period from November 2014 to March 2015). This initiative is expected to cost the Company around €1.4 million in lost revenue.

On the non-aviation side, MIA explained that the SkyParks Business Centre, currently in its second full year of operation, has reached full office space occupancy.

In conclusion, the Directors noted that subject to any unforeseen circumstances, the Directors expect the Company’s financial results for the year to be better than the projections made at the beginning of the year and higher than the actual results of 2013.

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