TAV airports’ net profits down -35% as duty free falls

| November 07, 2016

TAV airports’ net profits down -35% as duty free falls
TAV’s ‘commission’ from the sales of duty free goods also fell by -6% to €179.4m ($198.5m), while spend per passenger declined from €14 to €13.90 ($15.50 to $15.39). The airports group blamed less than dynamic passenger numbers at several of its airports, due to ongoing security concerns at several. Significantly, the biggest at Istanbul Ataturk registered a -1% fall in international traffic to 31.3m in the 9M16 period with around 22% growth in transfer passengers versus a 16% drop in O&D.

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