TAV Airports Sets Strong Focus on Capital Development at its Turkish and Saudi Airports

Justin Lee

Singapore

November 25, 2024

Anakara 1

© Babbsack / Wikipedia

TAV Airports has seen strong growth in passenger traffic and financials this year. It is also focusing on major capital expansion at its airports in Ankara, Antalya and Madinah.

The airports operated by TAV Airports handled a total of 83.1 million passengers in the first 9 months of 2024, a 12% increase from the number of passengers handled in the same period in 9M 2023.

TAV Airport’s revenues for the first 9 months of 2024 surpassed EUR1bn to reach EUR1.23bn, a year-on-year increase of 25% compared to the revenue generated during the same period in the year 2023.

TAV Airports also saw a 28% increase in its EBITDA to EUR411.3mn, and a 5% increase in its net profit.

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