Successful start to the year for TAV’s global airport network

TAV Airports has announced €361 million consolidated revenue for the first quarter of 2026, during which time it saw passenger numbers rise by 7% across its global airport network.

The company welcomed 10.4 million international and 8.6 domestic passengers across its portfolio of airports between January 1 and March 31.

CEO, Serkan Kaptan, enthused: “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 – prioritising long-term value creation over volume alone.

“Recent years have been marked by decisive progress in securing strategic concessions and finalising 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.”

He continued: “At Almaty Airport, international traffic continues to grow strongly, while the second phase of our investment programme 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, optimising operations, and safeguarding long-term value creation.”

Hospitality and service quality remain integral to TAV’S long-term vision. This year, three of its 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,” stated Kaptan.

“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.”