Turkish holding TAV Airports reported that the passenger traffic through its asset the international airport of Almaty reached 469,450 passengers in April 2022. This is a 7.7% increase over the same period last year and a 4.4% increase compared to April 2019.
International flights with 148,421 passengers in April accounted for almost all that growth (+35% over the same period in 2021); domestic flights were attended by 321,029 passengers (-1%).
The International Airport of Almaty is the only asset of TAV to show a 4% growth in April 2022 over 2019.
For example, airports the company runs in Turkey showed quite a big plunge: Antalya (-28%), Izmir (-28%), Ankara (-51%), Milas-Bodrum (-23%), Gazipasha-Alanya (-23%). Moreover, TAV airports reported a serious decline in passenger traffic in Georgia (-44%), Median (-27%), Tunis (-53%), North Macedonia (-19%), and Zagreb (-9%). However, this picture is much more positive if April 2022 figures are compared to 2021.
In the first quarter of 2022, TAV Airports reported €149 million in revenue. This is a 146% surge over the same period in 2021 thanks to steady rebounding traffic of passengers, although the company’s EBITDA at that time was €33 million – four million less than the same period last time. The Almaty airport accounted for a 32% share of the company’s EBITDA.
In January 2022, Sani Şener, president and CEO of TAV Airports said that the company is going to put $200 million into the Almaty airport.
The airport acquisition deal between TAV Airports and Kazakhstan Infrastructure Fund was closed in April 2021. Now TAV owns 85% of the airport’s stock. Along with the airport the Turkish holding also bought catering and fuel companies; they are subsidiaries of the airport. The remaining 15% of the stock belongs to the Kazakhstan Infrastructure Fund under the managing control of VPE Capital.
