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TAV Holdings' passenger traffic up strongly; Istanbul Ataturk Airport performing well

Analysis

Turkey’s TAV Holdings yesterday announced a 7% increase in passenger traffic in Mar-2011 and its shares rose 0.8%.

Highlights include:

  • Passenger numbers: 3.7 million, +7%;

Meanwhile, Istanbul Sabiha Gokcen Airport reported strong passenger traffic in 1Q2011

  • Passenger numbers: 2.8 million, +29%;
    • Domestic: 2.0 million, +25%;
    • International: 885,903, +39%.

Selected ABD daily share price movements (% change): 7-Apr-2011

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