Malta International Airport plc – December Traffic Results & 2025 Forecasts

Jonathan Falzon

January 16, 2025

16 January, 2025
2 min read
16 January, 2025
2 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

On 16 January 2025, Malta International Airport plc published the December 2024 traffic results and provided key performance targets for 2025.

December 2024 Traffic Results

In December, MIA welcomed a record monthly record of 591,539 passengers, which is 11.8% higher than the movements handled in the same month in 2023. Consequently, all monthly passenger movements throughout 2024 exceeded the corresponding 2023 levels.

Full-Year 2024 Traffic Results

Passenger movements at MIA in 2024 reached a record of 8.96 million, which is 14.8% higher than the previous record of 7.80 million passenger movements registered 2023.

The seat load factor also reached an annual all-time high of 86%.

In terms of popular destinations, Italy, the UK, Germany, France, and Poland remained the top five markets, with France being the only market registering a drop when compared to the previous year. Meanwhile, Poland registered the highest growth rate of 53%, reflecting better flight frequencies on several routes.

Key Performance Targets for 2025

The airport operator also announced its key targets for this year. For 2025, MIA expects:

  • Passenger movements of 9.3 million compared to the 2024 figure of 8.96 million.
  • Revenue of €147 million compared to the latest 2024 forecast of €141 million.
  • EBITDA of €91 million compared to the latest 2024 forecast of €85 million.
  • Net profit of €48 million compared to the latest 2024 forecast of €46 million.
  • Capital investments of €70 million.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 16 January 2025, Malta International Airport plc published the December 2024 traffic results and provided key performance targets for 2025.

December 2024 Traffic Results

In December, MIA welcomed a record monthly record of 591,539 passengers, which is 11.8% higher than the movements handled in the same month in 2023. Consequently, all monthly passenger movements throughout 2024 exceeded the corresponding 2023 levels.

Full-Year 2024 Traffic Results

Passenger movements at MIA in 2024 reached a record of 8.96 million, which is 14.8% higher than the previous record of 7.80 million passenger movements registered 2023.

The seat load factor also reached an annual all-time high of 86%.

In terms of popular destinations, Italy, the UK, Germany, France, and Poland remained the top five markets, with France being the only market registering a drop when compared to the previous year. Meanwhile, Poland registered the highest growth rate of 53%, reflecting better flight frequencies on several routes.

Key Performance Targets for 2025

The airport operator also announced its key targets for this year. For 2025, MIA expects:

  • Passenger movements of 9.3 million compared to the 2024 figure of 8.96 million.
  • Revenue of €147 million compared to the latest 2024 forecast of €141 million.
  • EBITDA of €91 million compared to the latest 2024 forecast of €85 million.
  • Net profit of €48 million compared to the latest 2024 forecast of €46 million.
  • Capital investments of €70 million.