TAV Airports served 19 million passengers in the first quarter of 2026
TAV Airports posted financial and operational results regarding the first three months of the year. The company welcomed 10.4 million international and 8.6 domestic passengers across its portfolio.
TAV Airports, a member of Groupe ADP, announced EUR 361 million consolidated revenue for the first quarter of 2026. During the same period total passenger traffic increased by 7%.
TAV Airports CEO Serkan Kaptan stated “The first quarter of 2026 unfolded amid heightened global economic and geopolitical uncertainty. Against this challenging backdrop, TAV Airports once again demonstrated the resilience of its business model and the strength of its diversified portfolio. Passenger traffic increased by 7% year on year, reaching 19 million passengers and outperforming global averages. While growth has long been one of TAV’s defining strengths, our focus today is increasingly on the quality and sustainability of that growth—prioritizing long-term value creation over volume alone.
Recent years have been marked by decisive progress in securing strategic concessions and finalizing major investments that will underpin this value creation. Among these, the new concession agreement for Ankara Esenboğa Airport stands out as our most recent achievement. Ankara recorded a 23% increase in international traffic, supported by new routes and an expanding low-cost carrier presence. 2026 will be the first year in which Ankara’s enhanced operational and financial performance is fully reflected in our results.
In Antalya, we reached another important milestone. The full rollout of our capacity offering ahead of the peak summer season, supported by the new terminal and auxiliary facilities operational since April 2025, has significantly elevated the passenger experience. Beyond its financial contribution, the Antalya project exemplifies TAV’s core values as a partnership-driven organization—bringing together stakeholders, shareholders, lenders, and public authorities around a shared long-term vision. The full impact of our service companies will be realized for the first time in 2026, reinforcing the strategic depth of this investment.
At Almaty Airport, international traffic continues to grow strongly, while the second phase of our investment program remains on schedule. As Kazakhstan advances its ambition to become a regional transfer and logistics hub, recent changes in jet fuel supply policy have weighed on volumes and margins in the first quarter of 2026. At the same time, we believe that improved cost efficiency and competitive pricing will signal a higher underlying trend in traffic growth over the medium term. We therefore view 2026 as a transition year for Almaty—focused on strengthening aviation revenues, optimizing operations, and safeguarding long-term value creation.
Hospitality and service quality remain integral to our long-term vision. This year, three of our airports ranked among the top 100 worldwide at the Skytrax Awards, while four airports received ACI ASQ Awards. These achievements reflect not just operational excellence, but the dedication of our people. In recognition of the strong link between passenger satisfaction and employee happiness, I am proud to say that TAV once again received the Great Place to Work certification.
Our General Assembly approved a dividend distribution of approximately TL 1.3 billion, representing 50% of our 2025 IFRS net profit. This decision, taken alongside continued investments and amid global uncertainty, highlights the robustness of our cash generation and our commitment to creating sustainable returns for our shareholders.
As we closely monitor geopolitical developments and market conditions, we remain firmly focused on operational excellence, partnership-driven growth, and sustainable value creation. At the same time, we have already begun shaping our next five-year horizon, with a clear emphasis on disciplined expansion, resilience, and long-term sustainability.
I would like to extend my sincere thanks to our employees, shareholders, and business partners for their continued trust and support as we build the next chapter of TAV Airports together.”
KEY PERFORMANCE INDICATORS
(in EURm) | 1Q25 | 1Q26 | Chg % |
378,5 | 360,6 | -5% | |
EBITDA | 90,1 | 77,6 | -14% |
EBITDA margin | 23.8% | 21.5% | -2.3 ppt |
Net Profit | -45,6 | -58,6 | 28% |
17,7 | 19,0 | 7% | |
- International | 9,7 | 10,4 | 7% |
- Domestic | 8,0 | 8,6 | 8% |
About TAV Airports
TAV Airports provides integrated services in all areas of airport operations, with a global footprint at more than 100 airports in more than 30 countries. In 2025, TAV Airports welcomed 113 million passengers across its portfolio. A member of Groupe ADP, TAV Airports is part of the leading airport management platform globally. Through its subsidiaries, TAV is active in airport service businesses, including duty-free, food and beverage, ground handling, IT, private security, and commercial area management. The company is quoted on Istanbul Stock Exchange.
For further information: Erhan Ustundag, +90 212 463 30 00/2097 and +90 530 228 80 59 erhan.ustundag@tav.aero
