Turk Hava Yollari A.O.

Turk Hava Yollari A.O.

259.00
TRY
-6.00
(-2.26%)
90.30EPS
3.61P/E
447.36BMarket Cap
Nov 11Next Earn
Turk Hava Yollari A.O.
BIST:THYAO
(Istanbul Exchange)

Recent

price

259.00

P/E

ratio

3.61

div

yld

1.42%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
2.55
4.54
5.97
2.99
7.52
2.45
1.72
2
8.61
9.15
4.88
5.31
0.65
15.18
0.46
17.46
19.01
Revenue per Share
0.09
0.01
0.47
0.11
0.57
0.25
- -
0.03
0.55
0.55
-0.61
0.45
0.1
4.36
0.07
2.11
1.94
Basic EPS, GAAP
-0.06
0.54
0.52
0.32
0.49
0.17
-0.04
0.3
0.58
0.89
-0.55
2.28
0.21
2.86
0.07
1.65
0.92
Free Cash Flow per Basic Share
- -
- -
- -
0.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.16
0.08
Dividend per Share
1.13
1.73
1.99
1.01
2.85
1.2
1.04
1.02
4.28
4.97
3.9
4.94
0.38
11.31
0.4
15.52
15.97
Book Value per Share
1.12
1.71
1.97
0.99
2.79
1.17
1.03
1
4.22
4.9
3.83
4.87
0.37
11.23
0.39
15.37
15.87
Tangible Book Value per Share
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,380
1,386
Basic Weighted Avg Shares
3,516
6,265
8,239
4,121
10,384
3,378
2,371
2,764
11,880
12,625
6,734
7,321
891
20,942
642
24,096
26,351
Sales/Revenue/Turnover
5.72
0.39
7.99
6.28
6.34
8.14
-2.05
7.86
10.96
5.83
-5.88
14.95
16.57
14.05
10.85
9.51
5.91
Operating Margin (%)
191
431
575
272
699
298
279
270
993
1,449
1,659
1,163
89
2,035
62
2,395
2,566
Depreciation Expense
120
10
645
150
782
352
-4
44
765
762
-836
617
136
6,021
97
2,910
2,685
Net Income, GAAP
21.67
87.31
16.56
29.27
19.55
23.47
2,450
21.4
22.72
10.28
- -
10.63
7.73
- -
6.09
14.52
9.42
Effective Tax Rate (%)
3.4
0.16
7.83
3.64
7.53
10.41
-0.16
1.61
6.44
6.04
-12.41
8.43
15.24
28.75
15.11
12.08
10.19
Profit Margin (%)
397
48
-362
-465
-834
-247
-254
-174
-669
-1,190
-2,276
-1,853
-54
-492
2
-113
-1,150
Working Capital
1,538
3,778
4,354
2,275
5,302
2,267
2,215
1,923
8,192
10,248
12,260
10,950
552
10,524
288
14,020
15,581
LT Debt
1,564
2,386
3,017
1,528
3,935
1,655
1,440
1,401
5,913
6,856
5,383
6,816
519
15,563
547
21,314
21,919
Total Equity
4.14
0.17
7.37
3.2
7.19
3.17
37.99
4.8
8.95
4.15
- -
4.16
1.12
- -
0.72
15.54
5.72
Return on Invested Capital (%)
4.46
0.5
10.36
3.21
13.05
5.55
-27.28
2.18
9.41
5.35
- -
3.75
1.33
- -
0.74
16.92
8.71
Return on Capital (%)
6.19
0.5
23.88
6.59
28.63
12.58
-0.24
3.12
20.91
11.94
-13.66
10.13
3.7
74.9
1.2
26.63
13.13
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,784
3,746
4,013
LT Borrowings
1,141
1,496
1,883
LT Finance Leases
12,879
13,059
13,698
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,373
1,372
1,372
Market Capitalization
8,585
9,083
9,592

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,186
10,939
10,996
Cash, Cash Equivalents & STI
6,482
6,563
6,466
Accounts Receivable, Net
1,069
1,389
1,483
Inventories
968
1,074
1,106
Total Current Liabilities
10,299
11,206
12,146
Payables & Accruals
- -
- -
- -
ST Debt
3,784
3,746
4,013
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
683.41%
1,306.67%
3,799.4%
Free Cash Flow
201.87%
597.76%
2,417.15%
Net Income, GAAP
692.32%
1,377.21%
2,902.19%
Sales/Revenue/Turnover
600.68%
1,146.13%
3,655.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,769
5,661
6,630
159
642
2025
4,887
5,980
6,953
6,276
24,096
2026
5,917
7,205
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.68
1.12
0.01
0.07
2025
-0.03
0.5
1
0.64
2.11
2026
0.16
0.14
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
0.08
- -
0.16
2026
- -
- -
- -
- -
- -
Business
Türk Hava Yollari Anonim Ortakligi (THYAO.IS), the flag carrier of Turkey, provides passenger and cargo air transportation services, aircraft technical maintenance, and related aviation support in Turkey and internationally. Founded in 1933 and headquartered at the Turkish Airlines General Management Building on the grounds of Atatürk Airport in Yeşilköy, Bakırköy, Istanbul, the company operates scheduled passenger flights to over 340 destinations in 129 countries across Europe, Asia, Oceania, Africa, and the Americas from its main hub at Istanbul Airport; cargo services via Turkish Cargo to 82 destinations with a dedicated fleet of 24 freighters; low-cost operations through its subsidiary AJet; maintenance, repair, and overhaul services including airframe, engine, and component support via Turkish Technic; flight training at Turkish Airlines Flight Academy; catering; aviation fuel supply; cabin interior products; information technology and consulting; ground handling; and airport operations. As a Star Alliance member since 2008, it serves the most countries worldwide with a fleet of approximately 407 aircraft comprising Airbus A321neo, A330, A350, Boeing 737 MAX, 777, and 787 models. Recent developments include a landmark September 2025 firm order for up to 75 Boeing 787 Dreamliners (35 787-9s and 15 787-10s, with options for 25 more) marking its largest widebody purchase; plans for up to 150 Boeing 737 MAX narrowbodies; completion of Airbus A350 financing with Dubai Islamic Bank; expansion of codeshare partnerships such as with Icelandair; and strong 2024 financial performance with 2.4 billion USD profit from main operations alongside a proposed cash dividend.

Company News

  • Boeing salvages delayed Turkish Airlines order, sources say

  • Turkish Airlines Joins SAFFA Fund

  • Türk Hava Yollari Anonim Ortakligi (TKHVY) Q1 2026 Earnings Call Transcript

  • Türk Hava Yollari Anonim Ortakligi (OTCMKTS:TKHVY) Trading 5.2% Higher – What’s Next?

  • Türk Hava Yollari Anonim Ortakligi (TKHVY) Q4 2025 Earnings Call Transcript

  • Türk Hava Yollari Anonim Ortakligi (OTCMKTS:TKHVY) Shares Down 0.9% – What’s Next?

  • Southwest Expands Global Reach With Turkish Airlines

  • Türk Hava Yollari Anonim Ortakligi (TKHVY) Q3 2025 Earnings Call Transcript

  • Turkish Airlines reaches engine deal with GE Aerospace for 75 Boeing planes

  • Turkish Airlines to meet Boeing, CFM in coming weeks, chairman says

  • Turkish Airlines chair says may switch Boeing 737 order to Airbus if engine talks fail

  • Turkish Airlines plans huge Boeing purchase, following President Erdoğan's meeting with Trump

  • Turkish Airlines inks big Boeing deal after Erdogan visits US

  • Turkish Airlines agrees 225 Boeing aircraft orders, subject to engine talks

  • Turkish Airlines has no intention of raising stake in Spain's Air Europa, chairman says

  • India extends IndiGo's Turkish Airlines lease deal by six more months

  • Turkish Airlines says Spain's Air Europa accepts its offer to buy a minority stake

  • Turkish Airlines is preparing binding offer for Spain's Air Europa, executive says

  • Turkish Airlines Pioneers AI-led Innovation for Aviation with Red Hat OpenShift AI

  • Turkish Airlines Shares Are No Longer Cheap — But TKHVY Still Has Upside