Passenger traffic at Turkish Istanbul Ataturk Airport recorded 21% y/y growth
Erste - 07.05.2012
The State Airport Authority (DHMI) released air traffic data regarding all airports in Turkey for April 2012. The total number of passengers grew 11% y/y in April 2012, with passengers in domestic lines up 14% y/y and international lines up 7% y/y. We observe a slowdown in international passenger growth in April 2012 in airports other than Istanbul Ataturk. In particular, a 17% y/y decline in Antalya Airport's international arrivals/departures negatively impacted the consolidated figures. With the addition of the April 2012 figures, total passenger growth in the first four months of 2012 was realized at 12%, in line with our full-year growth assumption of at least 10%. Air traffic movement (ATM) growth of 5% lagged behind passenger growth of 11% (which is an early indicator of better load factors) in April 2012. YTD, the ATM growth of 7% is also lower than the passenger growth of 12%.
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