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TAV Airports duty free revenue drops 69% as passenger spend rises

TAV Airports duty free revenue drops 69% as passenger spend rises The airport group saw revenue across its operations fall 49% year-on-year in the first quarter of 2021 Average passenger spend at TAV Airports rose 26% year-on-year in the first quarter of 2021. The figure was a ray of light in a challenging period for the airport group, which saw revenue drop 49% compared to 2020, with duty free hit particularly hard. In its first quarter results, TAV Airports reported duty free revenue of €1.5m for the period. This represents a 69% drop compared to the same period last year. Average spend per passenger actually increased from €7.50 to €9.40, but a 59% drop in passenger numbers offset the possible benefits.

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