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Türk Hava Yollari Anonim Ortakligi

Türk Hava Yollari Anonim Ortakligi

THYAO.IS
Türk Hava Yollari Anonim OrtakligiTR flagIstanbul Stock Exchange
347.00
TRY
+13.00
- -
476.21BMarket Cap
Türk Hava Yollari Anonim Ortakligi
THYAO.IS
(Istanbul Stock Exchange)

Recent

price

347.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.92
4.54
5.97
6.41
7.52
7.13
6.05
7.59
8.61
9.15
4.88
5.31
12.06
15.18
16.43
17.46
18.18
Revenue per Share
0.13
0.01
0.47
0.23
0.57
0.74
-0.01
0.12
0.55
0.55
-0.61
0.45
1.84
4.36
2.48
2.11
2.3
Basic EPS, GAAP
-0.09
0.54
0.52
0.69
0.49
0.5
-0.15
1.14
0.58
0.89
-0.55
2.28
3.89
2.86
2.32
1.65
1.56
Free Cash Flow per Basic Share
- -
- -
- -
0.06
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.16
0.08
Dividend per Share
1.19
0.99
1.51
1.44
1.89
2.24
1.85
1.84
1.87
2.18
4.35
1.13
2.64
11.39
13.87
15.79
15.93
Book Value per Share
1.73
1.71
2.17
2.33
2.79
3.42
3.62
3.79
4.22
4.9
3.83
4.87
6.96
11.2
13.9
15.3
15.64
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
1,382
Basic Weighted Avg Shares
5,412
6,265
8,239
8,844
10,384
9,835
8,355
10,477
11,880
12,625
6,734
7,321
16,648
20,942
22,669
24,096
25,126
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
9.19
Operating Margin (%)
295
431
575
584
699
867
984
1,025
993
1,449
1,659
1,163
1,656
2,035
2,203
2,395
2,481
Depreciation Expense
184
10
645
322
782
1,024
-13
168
765
762
-836
617
2,538
6,021
3,425
2,910
3,181
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
10.48
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
12.66
Profit Margin (%)
611
48
-362
-997
-834
-718
-896
-661
-669
-1,190
-2,276
-1,853
-1,014
-492
87
-113
-267
Working Capital
2,368
3,778
4,354
4,881
5,302
6,600
7,804
7,291
8,192
10,248
12,260
10,950
10,315
10,524
10,172
14,020
14,555
LT Debt
2,408
2,386
3,017
3,279
3,935
4,820
5,075
5,313
5,913
6,856
5,383
6,816
9,707
15,563
19,314
21,314
21,814
Total Equity
5.17
0.05
7.63
4.75
5.72
5.5
28.98
4.37
6.55
3.6
- -
4.47
11.17
- -
7.31
5.4
5.64
Return on Invested Capital (%)
6.63
0.5
11.98
5.71
11.38
11.87
-35.25
2.76
7.72
6.65
- -
4.19
16.79
- -
12.83
9.33
10.11
Return on Capital (%)
11.57
0.65
37.28
15.75
34.03
35.95
-0.47
6.61
29.9
27.26
-18.53
16.33
97.59
62.2
19.66
14.22
15.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,629
3,784
3,746
LT Borrowings
31
1,141
1,496
LT Finance Leases
11,842
12,879
13,059
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,374
1,373
1,372
Market Capitalization
435,324
371,062
406,647

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
10,254
10,186
10,939
Cash, Cash Equivalents & STI
6,437
6,482
6,563
Accounts Receivable, Net
1,150
1,069
1,389
Inventories
898
968
1,074
Total Current Liabilities
10,423
10,299
11,206
Payables & Accruals
- -
- -
- -
ST Debt
3,629
3,784
3,746
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.96%
32.76%
10.36%
Free Cash Flow
-168.62%
-102.99%
-28.76%
Net Income, GAAP
-110.38%
43.24%
-15.04%
Sales/Revenue/Turnover
15.98%
35.29%
6.29%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,769
5,661
6,630
5,609
22,669
2025
4,887
5,980
6,953
6,276
24,096
2026
5,917
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.68
1.12
- -
2.48
2025
-0.03
0.5
1
- -
2.11
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
0.08
- -
0.16
2026
- -
- -
- -
- -
- -
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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.