A surge in passenger traffic propelled Turkey-based airports operator TAV Airports Holding to a record first-half profit, the company said.

A 31% leap in passenger numbers meant the company handled 67 million passengers in the first six months of 2018 and led to a 55% rise in net profit, to €93 million ($107.9 million).

TAV operates 15 airports and provides services at 63 more. The year to date has seen record passenger flows at most of the 15 locations where TAV operates the airport, because of strong growth in international traffic and the addition of Antalya airport in Turkey to the company’s portfolio.

Antalya is the second-largest airport in the country in terms of international passengers “and has tremendous growth potential,” TAV board member and CEO Sani Sener said.

“We started operations at Antalya Airport in May 2018 and even excluding the inorganic contribution from Antalya we achieved 16% passenger growth (like-for-like growth),

“Our revenue increased 8% and reached €550 million. Our EBITDA increased 25% and reached €254 million.” 

TAV Operation Services opened lounges in Zurich, Copenhagen, Frankfurt and Muscat in the first half of the year, while TAV Technologies continued to grow its business portfolio has become a global brand in infrastructure IT services, Sener added.

Alan Dron alandron@adepteditorial.com