TAV Havalimanlari Holding A.S. (TAVHY) Q4 2024 Earnings Conference Call Transcript

2025-02-19 17:23:06 ET

TAV Havalimanlari Holding A.S. (TAVHY)

Q4 2024 Earnings Conference Call

February 19, 2025, 08:00 AM ET

Company Participants

Serkan Kaptan - CEO

Burcu Geris - Deputy CEO & CFO

Conference Call Participants

Presentation

Operator

Ladies and gentlemen, thank you for standing by. I am Gaily, your Chorus Call Operator. Welcome and thank you for joining the TAV Airports Investor Day live webcast to present and discuss the 2024 full year financial results.

At this time, I would like to turn the conference over to Mr. Serkan Kaptan, CEO, and Ms. Burcu Geris, Deputy CEO and CFO. Mr. Kaptan, you may now proceed.

Serkan Kaptan

Hi, thank you for the introduction. So let me start with the review of year 2024. It was a very good year for us both operationally and financially. In total, we managed to receive 107 million passengers, which is 11% above our last year, above 2023 passenger number. The good part is that we had a 13% increase on the international part of the passenger. So we reached up to 71 million passengers at year 2024.

Of course, several factors contribute to this success. Major fleet expansion of some airlines, the strong travel demand also, the expansion of the global middle class. In all our airports, we had an exceptional growth. As you know, we are in emerging markets, not only in Turkiye, but the other markets. We had a huge demand, mostly double digit increase on all our airports....

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