TAV Airports stock: 9M profit more than doubles to EUR 173 million

TAV Airports reported stronger financial and operating results for the nine months ended September 30, 2026. In its nine-month results release, the airport operator said revenue and EBITDA growth outpaced passenger traffic growth despite geopolitical uncertainty and elevated jet fuel prices.

Results Show Broader Earnings Momentum

Revenue rose 5 percent year over year to 1.461 billion euros, while EBITDA increased 7 percent to 501.8 million euros. Net profit reached 173.4 million euros, compared with 75.3 million euros a year earlier. The company attributed the earnings improvement partly to a more favorable currency and tax environment.

TAV Airports handled 89.4 million passengers during the period, up 3 percent from the prior year. International traffic increased 1 percent to 59.2 million passengers, while domestic traffic grew 6 percent to 30.1 million. Ankara, Izmir, North Macedonia and Almaty supported the traffic performance, according to the company.

Commercial Operations Add Support

The third quarter maintained the growth trend, with revenue increasing 5 percent and EBITDA rising 11 percent year over year. Duty-free spending per passenger climbed to 10.0 euros from 8.3 euros, helped by a full-year contribution from expanded commercial areas at Antalya Airport. The company also cited food and beverage operations and ground handling among the contributors to revenue growth.

TAV Airports Business Profile

TAV Airports operates airports and airport-related services across an international portfolio. Its activities include airport operations, duty-free, food and beverage, ground handling, information technology, private security and commercial area management. The company is a member of Groupe ADP and is listed on the Istanbul Stock Exchange.

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