TÜRKİYE. Groupe ADP company TAV Airports today reported results for the first nine months of 2026, with consolidated revenue increasing by +5% year-on-year to €1,461 million.
EBITDA climbed by +7% to €502 million with net profit reaching more than doubling to reach €173 million.
Crucially, duty-free spend per head – principally from TAV Airports’ 50% share in ATU Duty Free alongside Gebr. Heinemann – leapt +21% to €10.00. Duty-free revenue climbed +11% to €78.4 million.
TAV Airports said the sharp rise in commercial income was broadly driven by the opening of vast new space at Antalya International Airport (profiled by The Moodie Davitt Report in a recent visit), with Ankara Airport also supporting growth in the channel.
Food & beverage, mainly from TAV subsidiary BTA Catering, posted a +19% rise in revenues to €202.1 million. This too was supported by the performance of new operations at Antalya Airport.
Passenger traffic increased by +3% year-on-year to 89.4 million, though the company noted that geopolitical developments and rising fuel prices are having an impact on air travel across its key markets.
TAV Airports CEO Serkan Kaptan said, “The first nine months of 2026 were challenging, as global economic and geopolitical uncertainties continued to weigh on the operating environment. Ongoing geopolitical tensions in the Middle East and elevated jet fuel prices continued to put pressure on the aviation sector. Nevertheless, thanks to our diversified portfolio, operational flexibility and disciplined management approach, we achieved revenue and EBITDA growth ahead of passenger traffic growth.”
He added, “On the commercial front, the new areas that opened at Antalya Airport last year contributed for a full year for the first time, supporting our food & beverage and duty-free revenues. This led to an increase in commercial revenue per passenger, with duty-free spend per passenger increasing by +21%.
“We continue to pursue our investments and operational improvement initiatives at Almaty Airport in line with our strategic plans.
“In Georgia, following the five-year extension of our operating concession at Tbilisi Airport, we continue to invest in terminal and apron infrastructure for enhancing the capacity to meet ever-increasing travel demand to the country. Although passenger traffic to the country was affected by airspace closures stemming from tensions in the Middle East during the second quarter, growth regained strong momentum from June onward as regional conditions improved.” ✈
