Air Malta Registers Double Digit Growth in the Last Three Months

Date:  Friday, 2nd February 2018

Ref:     015-2018 EN

Air Malta Registers Double Digit Growth in the Last Three Months

Preliminary figures show that Air Malta will carry over 328,000 passengers between November and January this year, an increase of 21% over the same period last year. During this period the airline operated 1,050 flights, an increase of 21% over last year.

Month on month, since November 2017, Air Malta registered a growth in passengers; +18% in November and +24% in December. The airline is estimating to carry over 97,400 passengers in January, a growth of 22% over January 2017. (See Fig.1)

Fig. 1

“These results show a healthy growth phase for the airline. Italy is performing very well with our Rome, Milan and Catania achieving above average growth. Impressive increase were also registered on Munich, Amsterdam and Vienna on which we have doubled our capacity from a three times weekly operation to a daily one. In September 2017 we made a significant change in our strategy with the introduction of Go Light, our hand luggage only fare. This product is helping us positioning ourselves better in the market,” said Paul Sies, Air Malta Chief Commercial Officer.

“The good news is that we are also increasing our revenues not only due to the increase in passengers but also since many of our guests are opting to travel on our Go Light fares and buy additional luggage”, revealed Acting CEO Joseph Galea.

Air Malta’s Chairman Dr Charles Mangion added, “This is the first time in many years that we seeing double digit growth month on month and we are working hard to maintain this momentum. We are very positive and looking ahead to continue this trend in the coming months and welcome more and more guests on board our flights.”

"As a Government we are very encouraged by the results of the new Air Malta products. We have embarked on a growth strategy for the airline and such results are encouraging as we strive to achieve break even by the end of March 2018. We are also encouraged by the commercial drive being implemented for February and March.  Government is working hand in hand with the Airline's board of directors in order to transition the national airline into The airline of the Mediterranean Islands”, said Dr Konrad Mizzi, Minister for Tourism.

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