The Malta Independent 12 May 2024, Sunday
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MIA to re-offer winter incentive schemes

Malta Independent Thursday, 22 November 2012, 18:49 Last update: about 11 years ago

Malta International Airport said in an interim directors’ statement that following the publication of the unaudited financial statements for the six months ended 30th June, 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 are up by 3.7% over the same period last year. For the last two months of the year MIA expects traffic to be marginally less than that of last year. For the full year 2012, it expects to reach another record year with passenger movements in excess of 3.6 million.

The incentive to refund landing fees to all scheduled airlines initiated last year will be made available also this year. Landing fees will be refunded back to the airlines for the months of November and December and for January, February and March. MIA estimates that this initiative will cost the company around €1.3 million in lost revenue.

During the second half of 2012, the new SkyParks Business Centre was inaugurated and the first tenants started moving into the new building. To date, 80% of the office space of the building has been contracted out.

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 of those of 2011.

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