The company was founded in 1933 as a subsidiary of the Ministry of Defense, with five aircraft and 19 passengers capacity. As of September 2013 the Turkish Airlines fleet include 231 aircraft with an average age of 6.6 years, 9 of them are cargo aircraft. In 2013 were ordered 95 new aircraft from Boing and 117 from Airbus, with this till 2021 the fleet of the company will include 421 aircraft.
Turkish Airlines' main goal is to provide domestic and international air transportation and cargo services. Turkish Airlines' established routes are covering domestic routes as well as international flights to Europe, Africa, North America, the Far East and the Middle East. It operates passenger services, technical services, cargo services and training services to other airlines. Turkish Airlines' generates 90% of revenues from passenger traffic and 10% from scheduled cargo traffic.
Basic Information
Key Executives
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Chairman of the Management Board
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Vice Chairman of the Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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49.1%
Subsidiaries
THY Hava Kargo Tasimaciligi Anonim Sirketi
100%
THY Havaalani Gayrimenkul Yatirim ve Isletme Anonim Sirketi
100%
THY Teknoloji ve Bilisim A.S.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net sales revenue
221.57%▲
Total operating revenue
215.17%▲
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
406.85%▲
Operating Profit Margin (ROS)
N/A
Return on Equity (ROE)
1.19%▲
Debt to Equity Ratio
-75.61%▼