Tav Airports Aviation Stats (December 2024)
Tacirler Investment
TAV Airports posted its passenger statistics for December 2024.
The total number of passengers served in December increased by 10% year-on-year, reaching 6.2 million. In the fourth quarter of 2024, the total number of passengers served increased by 10% compared to the same period last year, reaching 23.4 million. We view TAVHL’s passenger traffic results as "Neutral" due to passenger traffic growth in December aligning with our expectations and the year-long trend, both domestically and internationally. We maintain TAV Airports in our Model Portfolio with a target price of TL396, offering a 41% upside potential, and reiterate our "Buy" recommendation.