Malta International Airport plc is disclosing the financial performance of the Group for the first quarter of the year (1 January 2021 – 31 March 2021).

As travel bans and restrictions, both locally and in source markets, remained in place or were introduced throughout the first quarter of 2021, passenger traffic through Malta International Airport registered a drop of 90.2 per cent over the same period in 2020.

This drastic decline in passenger traffic impacted the Group’s total revenue for the first three months of the year, which decreased from €12.8 million in Q1 2020 to €5.1 million in Q1 2021, representing a drop of 60.4 per cent.

Malta International Airport plc’s ongoing efforts to mitigate the financial impact of the COVID-19 crisis were reflected in a decrease of €2.8 million, equivalent to a drop of 35.3 per cent, in staff and other operating costs during the period under review.

The Group’s capital expenditure for the first quarter of 2021 amounted to €2.7 million.

 

Statement of profit or loss

Revenue

Q1 2020	Q1 2021
€12.8 million	€5.1 million

Profit before tax

Q1 2020	Q1 2021
€2.3 million	-€3.1 million

 

Statement of financial position

Total assets

December 31, 2020	March 31, 2021
€235 million	€229 million

Total liabilities 

December 31, 2020	March 31, 2021
€110 million	€107 million

 

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