The Maltese airport Luqa, a subsidiary of Flughafen Wien AG, posted a loss of two million euros in the first half of 2020. This is primarily attributed to the fact that the state issued a ban on all international flights on March 21, 2020. There are defacto no domestic flights on the Maltese islands.
The publication of the half-yearly figures also shows that the stock exchange price of Malta International Airport plc suffered from the corona pandemic. A package consisting of 250 shares was quoted on Wednesday at 5,50 euros.
However, people on the Maltese islands are cautiously optimistic, because since the relaxation of entry regulations and the extensive lifting of the flight ban, connections and frequencies have gradually been ramped up again. The months of July and August are usually the busiest and most important months for incoming tourism. The demand is described as "increasing", but significantly fewer people travel to Malta, Gozo and Comino to spend their summer holidays there. The management of Malta Air, a joint venture between the Maltese state and the low-cost airline Ryanair, recently caused concern about the extremely weak booking situation in the 2020/21 winter flight schedule. A difficult winter is expected.