Subscribe Free
in Airports

TAV Airports announces nine months results

Posted 8 November 2016 · Add Comment

TAV Airports Holding has announced its 2016 nine-month financials, with revenue of EUR 814 million and EBITDA of EUR 349 million.

TAV Airports Holding executive board member & CEO Sani Sener said: “In 2016, the aviation industry is affected by security concerns both on a global scale in our region. Despite these, TAV Airports Holding attained 2% growth in passenger numbers y-o-y. In the first nine months of 2016, TAV Airports realized almost stable revenue, with 7% and 35% drop in EBITDAR and net profit, respectively, compared to the same period of 2015. We had informed our investors that there had been major one-offs in the first half and there would be a significant decrease in finance expense in the second half, due to refinancings we had undertaken. This is  exactly what happened, with almost stable net profit figure in the third quarter of 2016. Other than that, we are on track with the revised guidance we disclosed in late July.  

“As we mourn our tragic losses both for our country and in our airport, we know that we have to continue to stay strong, upright and trust in the future of our company. This is the best answer we can give to these attacks. From our previous experience in crises, we know that aviation rebounds are fast. We are continuing to look for new investment opportunities both in and outside of our country.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

UAE Space Agency conducting 14 Year of Giving events and initiatives

The UAE Space Agency is implementing 14 special events and initiatives as part of its activities for the Year of Giving, which was declared by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.

Travelport and Onur Air announce long term agreement

Travelport and Onur Air have announced a new, multi-year global full content agreement.

Oman Air welcomes a new Boeing B787-9 to its fleet

Oman Air has added a new Boeing 787-9 Dreamliner to its fleet which.

Qatar Airways adds third-daily to Bali

Qatar Airways has announced that commencing 7 May 2017, the airline will operate a third daily non-stop route from Doha's Hamad International Airport to Bali Denpasar.

AMC Airlines begins B737 Classic operations

Egypt's AMC Airlines has begun commercial B737-500 operations just over six months after its acquired three aircraft of the type from EgyptAir, reports ch-aviation.

Iraqi An-32s pressed into service as bombers

When operations by the so-called Islamic State (also known as Daesh) began to ramp up in 2014, the Iraqi Air Force was sorely lacking in close air support and ground attack capabilities.

EBACE17 SK0103240517
See us at
Airport Show Dubai BT 2017EBACE17 BT0103240517Aeropodium BT2802240417AIME BT1204240118