Report

Turkey - TAVHL Monthly Traffic Results

April 2021 Traffic Results

TAVHL announced its passenger figures for April 2021. Given the significantly low base of April 2020 due to Covid-19 lockdowns, YoY comparison is less relevant for this period. MoM comparison in pax shows slight slowdown on the back of more strict restrictions came back in April 2021. Accordingly;

• Domestic lines reached 1.06mn passengers indicating 18% MoM decline.

• International lines reported 682k passengers representing 30% MoM increase.

• Total passenger traffic in April 2021 reached 1.74mn representing 4% MoM decline.

• Accordingly, total passenger traffic in 4M21 period reached 6.08mn passengers indicating 43% YoY decrease.
Underlying
TAV Havalimanlari Holding A.S.

TAV Havalimanlari Holding is involved in the businesses related to the construction of terminal buildings, management and operation of terminals or airports. As of Dec 31 2015, Co.'s reportable segments include: terminal operations, which is involved in operating terminal buildings, the car park and the general aviation terminal; catering operations, which manages food and beverage operations of the terminal; duty free operations, which is involved in the sales of duty free goods; ground handling and bus operations, which provides traffic, ramp, flight operation, cargo and all other ground handling services for domestic and international flights; and other, which provides lounge services.

Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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