MIA: Where do we stand now? MIA is uniquely positioned and benefits from a monopoly in the local aviation market. Additionally, MIA has a strong liquidity profile with cash reserves amounting to €28.2m as at FY19, coupled with a zero-leverage balance sheet and accordingly no finance costs. MIA also has a proven track record of outperforming expectations with the months prior to the outbreak signalling a strong performance where traffic grew by an average of 15.8% year-on-year. Read more HERE.