Malta International Airport plc – December Traffic Results & 2026 Forecasts

Jonathan Falzon

January 15, 2026

15 January, 2026
3 min read
15 January, 2026
3 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 14 January 2026, Malta International Airport plc published the December 2025 traffic results and provided key performance targets for 2026.

December 2025 Traffic Results

In December, MIA welcomed a monthly record of 709,352 passengers, which is 19.9% higher than the movements handled in the same month in 2024. Consequently, all monthly passenger movements throughout 2025 exceeded the corresponding 2024 levels. The December growth rate of 19.9% was also the highest monthly growth rate registered in 2025.

Full-Year 2025 Traffic Results

Passenger movements at MIA in 2025 reached a record of 10.06 million, which is 12.3% higher than the previous record of 8.96 million passenger movements registered 2024. The seat load factor for the year stood at 85.4%, slightly lower than the 2024 figure of 86.0%, reflecting the 13% increase in seat capacity over the previous year.

In terms of popular destinations, the United Kingdom was the largest market in 2025, accounting for 20% of total traffic, followed by Italy, Poland, Germany and France. Poland registered the highest growth rate of 48.9%. In contrast, Italy and France registered a minimal decline compared to the previous year.

Further details are available in the MIA 2025 Traffic Presentation.

Key Performance Targets for 2026

The airport operator also announced its key targets for this year. For 2026, MIA expects:

  • Passenger movements of 10.5 million compared to the 2025 figure of 10.06 million.
  • Revenue of €162 million compared to the latest 2025 forecast of €151 million.
  • EBITDA of €98 million compared to the latest 2025 forecast of €93 million.
  • Net profit of €51 million compared to the latest 2025 forecast of €49 million.
  • Capital investments of €90 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 14 January 2026, Malta International Airport plc published the December 2025 traffic results and provided key performance targets for 2026.

December 2025 Traffic Results

In December, MIA welcomed a monthly record of 709,352 passengers, which is 19.9% higher than the movements handled in the same month in 2024. Consequently, all monthly passenger movements throughout 2025 exceeded the corresponding 2024 levels. The December growth rate of 19.9% was also the highest monthly growth rate registered in 2025.

Full-Year 2025 Traffic Results

Passenger movements at MIA in 2025 reached a record of 10.06 million, which is 12.3% higher than the previous record of 8.96 million passenger movements registered 2024. The seat load factor for the year stood at 85.4%, slightly lower than the 2024 figure of 86.0%, reflecting the 13% increase in seat capacity over the previous year.

In terms of popular destinations, the United Kingdom was the largest market in 2025, accounting for 20% of total traffic, followed by Italy, Poland, Germany and France. Poland registered the highest growth rate of 48.9%. In contrast, Italy and France registered a minimal decline compared to the previous year.

Further details are available in the MIA 2025 Traffic Presentation.

Key Performance Targets for 2026

The airport operator also announced its key targets for this year. For 2026, MIA expects:

  • Passenger movements of 10.5 million compared to the 2025 figure of 10.06 million.
  • Revenue of €162 million compared to the latest 2025 forecast of €151 million.
  • EBITDA of €98 million compared to the latest 2025 forecast of €93 million.
  • Net profit of €51 million compared to the latest 2025 forecast of €49 million.
  • Capital investments of €90 million.