OTC : TAVHY
$0.11 (0.48%)
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TAV Airports: Profitability Still Depressed, But Cycle Is Turning
TAV is at a profitability trough as earnings are depressed by FX losses, higher depreciation/amortization, finance costs, and a negative equity-accounted contribution. New Antalya and Almaty required heavy upfront spending, while passenger traffic and commercial revenues should scale gradually over 2027–2028. TAV trades at attractive valuation multiples as compared to other airport concession operators while offering strong medium-term growth. seekingalpha.com - 2026-06-14 06:07:13 |