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MIA forecasts 4.5% increase in passenger movements over fourth quarter 2010
Malta International Airport said passenger traffic continued to increase in the second half of the year when compared to the second six months of the previous year, in an interim directors statement.
Positive forecasts for end-2011 for Malta International Airport.
MIA said that for the first quarter of 2011, passenger movements registered an increase of 16.3% when compared to those of the previous year.
In the second quarter the passenger movements were up by 10.6% and in the third quarter they were again up by 1.9%. For the last quarter of the year we anticipate that this trend will continue. Indeed, the company has already announced that it is reviewing the latest forecast for 2011, from the 3.2% announced in July to at least 4.5%.
An important development announced recently by the company was that it will be giving a 100% refund to all scheduled airlines on all their landing fees for the current winter schedule (November 2011-March 2012) with the aim to stimulate traffic during the shoulder/winter months.
The company estimates that this initiative will mean that it will be forfeiting around €1.3 million in revenue from regulated fees, depending on the number of flights operating during this period.
In the meantime, construction works at the new Sky Parks Business Centre has progressed throughout the year, albeit with a slight delay on the original timeframes announced. It is expected that the building is inaugurated by the end of the first quarter in 2012.
Subject to any unforeseen circumstances, the Directors expect the Company's financial results for the year will be better than the projections made at the beginning of the year and of those of 2010.
