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Turkish Airlines A.O. (Turkiye)

Main Activities: Scheduled Passenger Air Transportation
Full name: Turkish Airlines A.O. Profile Updated: May 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

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.

Headquarters
Turk Hava Yollari A.O. Genel Yonetim Bulding, Yesilkoy District, Havaalani Street No: 3/1, Yesilkoy
Istanbul; Marmara; Postal Code: 34149

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Website: http://www.turkishairlines.coml

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 30, 1960
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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50.53%
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0.35%
Subsidiaries
Thy Hava Kargo Tasimaciligi A.S.
100%
Thy Teknik A.S
100%
Thy Teknoloji Ve Bilisim A.S.
100%
Company Performance
Financial values in the chart are available after Turkish Airlines A.O. report is purchased.
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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
62.1%
Total operating revenue
65.41%
Operating profit (EBIT)
52.34%
EBITDA
54.59%
Net Profit (Loss) for the Period
243.65%
Total assets
81.5%
Total equity
151.95%
Operating Profit Margin (ROS)
-0.95%
Net Profit Margin
17.08%
Return on Equity (ROE)
9.52%
Debt to Equity Ratio
-27.45%
Quick Ratio
0.06%
Cash Ratio
-0.42%

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