Equity Analysis /
Turkey

Turkish Aviation: Total PAX in airports increased to 17.1mn in July

  • Positive for THYAO, PGSUS and TAVHL. Domestic PAX increased to 8.7mn in July which is 95% of its 2019 level.

  • International PAX increased to 8.4mn in July which is 62.8% of its 2019 level.

  • TAV Holding’s total PAX increased by 309% y/y to 8.1mn which is 70.5% of its 2019 level in July

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
11 August 2021
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