TAV Airports revises financial and operational expectations for 2016

TAV Airports announced (27-Jul-2016) it has revised its financial and operational expectations for 2016 "because of security related incidents we have experienced both in Turkey and globally". TAV Airports expects:

• 20% decrease in Istanbul Ataturk Airport origin and destination traffic;
• Stable revenue;
• EBITDA decrease from -8% to -10%;
• "Significant decrease" in net profit.

TAV Airports stated: "All measures are taken to limit the decline in operational metrics and strict cost control measures are being implemented in response to the new situation". [more - original PR]