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

Express Air Cargo adds maiden aircraft

Tunisia's Express Air Cargo has taken delivery of its maiden aircraft, reports ch-aviation.

Emirates adds daily A380 service to Sao Paulo

Emirates will operate the first ever scheduled commercial Airbus A380 flight to South America when it upgrades its Dubai - Sao Paulo service on March 26, 2017.

Making rain while the sun shines

A Royal Jordanian Air Force Airbus Defence and Space C295 has been used in a new series of rain-making operations over the kingdom, writes Jon Lake.

2014 Helidubai impact attributed to pilot error

The UAE's General Civil Aviation Authority has attributed the January 2014 impact of a Helidubai Airbus ED-130B4 helicopter with the Atlantis Palm heliport to pilot error. The incident happened during departure from the heliport to

AlSat Nano takes first colour image

AlSat Nano - a joint Algerian Space Agency and UK Space Agency nanosatellite mission - has captured and downloaded its first full colour image.

Flynas orders 60 Airbus A320neo Family aircraft

Flynas, Saudi Arabia's leading low-cost carrier, has signed an agreement with Airbus for 60 A320neo Family aircraft.

TAA SK 12MTHS16
See us at
Aviation Africa 2017 BT 23F17AIME2017 BT 2579217World_Space_Congress_BT21JN23N16_Arabian_AerospaceMRO2017_BT1089217