TAV first indication of airport operator's 1Q2020 financial results
The first airport financial statements for 1Q2020, the most significant quarter (so far) in air transport post-war history, are being published, and as is often the case Turkey’s TAV Airports is first off the block.
TAV has attempted to contain costs but only managed -10% while revenues fell by more than twice that amount. Nevertheless, in the growing anticipation that some international flights will recommence in Jun-2020 the statistics for this quarter do not look as bad as they might and hint at what a third quarter might look like with, hopefully, better results thereafter.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.