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TAV Airports Served 17.1 Million Passengers in the First Quarter

"TAV Airports Announces Financial and Operational Results for the First Quarter of 2024" TAV Airports, the leading brand in airport operations in Turkey, has disclosed its financial and operational results for the first three months of 2024. During this period, TAV achieved a revenue of 321 million euros and an EBITDA of 86 million euros. In airport management, TAV Airports, Turkey's leading brand globally, served 17.1 million passengers in the first quarter of the year, marking a 22% increase compared to the same period last year. Additionally, the international passenger traffic at airports operated by TAV experienced a 27% growth compared to the same period last year. Serkan Kaptan, the CEO of TAV Airports, stated, "Our passenger traffic during the winter season was positively influenced by the extended tourism season and fleet expansion strategies implemented by airlines operating at our airports. As a result, our international passenger traffic increased by 27%, and our total passenger traffic grew by 22% in the first quarter. Both İzmir and Ankara airports benefited from the fleet expansions of AJet, Pegasus, and SunExpress, which focus on domestic-to-international transfer strategies. We have successfully reflected the success of our operations in our financial results. Our revenue increased by 28% to 321 million euros, and our EBITDA increased by 97% to 86 million euros. Despite being in the low season, our net profit turned positive, reaching 9 million euros. We expect lively traffic during the high season of 2024, which is the summer months. Early bookings also provide positive signals in this regard. We plan to complete our investment in Antalya in the first quarter of 2025, and our investment in Ankara in the last quarter of 2025," said Kaptan, stating that large-scale investment programs are progressing according to the planned schedule. "As part of this program, we are investing in our airports and service companies, including Antalya, Almaty, and Ankara Esenboğa airports. Our investment in Almaty is 94% complete, and we are preparing to open the new international terminal in June 2024. We expect the new terminal to improve service quality and travel experience for passengers in Almaty. We plan to complete our investment in Antalya, which is 77% complete, in the first quarter of 2025, and our investment in Ankara, which is 42% complete, in the last quarter of 2025. In addition to these investments, we have decided to participate in additional investments that will increase the capacity of Medina Airport from 8 million to 18 million passengers annually, to be carried out in two stages. As a result of this major investment program, we have extended our average concession period from 8 years in 2020 to 29 years in 2024. Including acquisition costs and lease payments, we will reach a total investment size of approximately 2.5 billion euros by 2025. This magnitude is the most significant indicator of our confidence in the future of our industry. As we make progress in our program, we also begin to reap the rewards of our investments. In this context, we continue to expect an EBITDA between 430 million and 490 million euros for 2024. In the coming years, we expect even higher returns from our investments and set a medium-term target to surpass the historical highest EBITDA level of 573 million euros achieved in 2018. This target is now within reach in the near future. Thanks to the great efforts of our employees and the support of our shareholders and business partners, we have succeeded in making TAV Airports a global brand. I am confident that we will achieve our goal of reaching the highest EBITDA figure of all time together in the near future," he concluded.

"Turkish Cuisine Week" Event has started at airports

The "Turkish Cuisine Week" activities of BTA, the food and beverage subsidiary of AV Airports, coordinated by the Ministry of Culture and Tourism, started at Istanbul Airport. The Turkish Cuisine Week, organized for the second time this year, features the regional cuisine of Hatay, the "26th Gastronomy City of the World" determined by UNESCO Creative Cities Network, and sustainable and zero waste production practices in Turkish food culture. Tadında Anadolu, which presents over 600 recipes from all regions of Turkey in accordance with the originals, with ingredients obtained from producers working with traditional methods, is also participating in the Turkish Cuisine Week events this year. This year's special menu consists of local recipes from Hatay, which is included in the UNESCO Creative Cities Network. Hatay cuisine, which draws attention with its unique breakfast and more than 650 dishes, is known as a unique Mediterranean cuisine where fresh vegetables, high quality olive oil, legumes and cereals are mainly used. Tadında Anadolu, the brand of BTA that carries the cultural heritage of Anatolian cuisine to the present, participates in the events with its branches at Istanbul Airport international departures and Izmir Adnan Menderes and Ankara Esenboğa Airport domestic lines. Visitors to Tadında Anadolu branches during Turkish Cuisine Week events have the opportunity to learn about the rich biological diversity of ancient Turkish cuisine while tasting local dishes of Hatay prepared using local ingredients and traditional cooking techniques. This year's Hatay menu includes pepper bread, olive salad, hummus, barley, tray kebab and künefe, while Turkish coffee, Turkish tea and Turkish delight are served at the events. In his speech at the event, BTA Chief Executive Baha Bülbül emphasized the importance of choosing Hatay for this year's special menu in Turkish Cuisine Week events. He said that a message of unity and solidarity was given once again with the menu prepared with local products obtained from the local producers of the city, which needed support after the earthquake disaster in Turkey. Baha Bülbül continued his words as follows: "As BTA and Taste of Anatolia, we are making great efforts to protect the ancient values of the geography we live in, the hero producers and products of Anatolia, to carry them to the next generations, and to ensure that our foreign guests meet this rich culture. We are happy to fulfill this mission once again in the Turkish Cuisine Week organized with the initiative of the Ministry of Culture and Tourism. We will continue to demonstrate our spirit of generosity, sharing and solidarity with our tables, which are one of the main elements of social cohesion." Turkish Cuisine Week events will continue until May 27.

Utair starts its flights to Bodrum

As of June 2, Russian airline company Utair will start direct flights from Tyumen city of Russia to Milas-Bodrum Airport operated by TAV Airports. In the statement made by the Tyumen Roschino International Airport press service, Utair, which is the partner of Roschino International Airport, will launch a new direct flight to Bodrum on June 2, 2023, and the following statements were made: “Bodrum is one of the popular tourism centers of Turkey, located in the Aegean Sea. It has become the focus of attention of Russian tourists with its luxury hotels and scenery, as well as its clear sea and perfect beaches.” It was noted that the weekly flights will take place on Fridays, the departure from Tyumen is scheduled at 04:40 in the morning, the arrival time to Bodrum is planned at 08:20 local time, and the travel time will be 5 hours and 40 minutes. The flights will be operated by Boeing 737-800 type aircraft.

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TAV Airports Served 17.1 Million Passengers in the First Quarter

"Turkish Cuisine Week" Event has started at airports

Utair starts its flights to Bodrum