Turk Hava Yollari AO (THYAO.E.IS) Stock Price

Turk Hava Yollari AO Price

🇹🇷BIST·CLOSED
6.53USD
Market closed
Today +/-
Today %

Turk Hava Yollari AO (THYAO.E.IS) Stock | ISIN TRATHYAO91M5 | WKN 908558. The current Turk Hava Yollari AO stock price is 6.53 USD (2026). Revenue is 1.11 T USD. Net income is 104.03 B USD. The P/E ratio is 0.09. Market capitalization is 9.02 B USD. Turk Hava Yollari AO operates in the Industry sector.

Revenue has compounded at 11.9% per year over the past 19 years to 24.1 B USD. Earnings per share have grown at 18% per year over the last 19 years. Turk Hava Yollari AO's net margin stands at 12.1%, up from 9% several years earlier. Turk Hava Yollari AO currently offers a dividend yield of about 105.36%.

Turk Hava Yollari AO stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Turk Hava Yollari AO over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Turk Hava Yollari AO stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Turk Hava Yollari AO's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Turk Hava Yollari AO Stock Price History
DateTurk Hava Yollari AO Price
Access this data via the Eulerpool API

Turk Hava Yollari AO Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
2.82 B USD
60.24 M USD
124.54 M USD
Jan 1, 2007
3.73 B USD
388.29 M USD
203.68 M USD
Jan 1, 2008
4.69 B USD
567.93 M USD
869.53 M USD
Jan 1, 2009
4.53 B USD
491.49 M USD
360.21 M USD
Jan 1, 2010
5.6 B USD
307.41 M USD
190.29 M USD
Jan 1, 2011
7.04 B USD
272.46 M USD
11.03 M USD
Jan 1, 2012
8.21 B USD
664.45 M USD
642.61 M USD
Jan 1, 2013
9.86 B USD
607.9 M USD
358.54 M USD
Jan 1, 2014
11.07 B USD
696 M USD
845 M USD
Jan 1, 2015
10.52 B USD
784 M USD
1.07 B USD
Jan 1, 2016
9.79 B USD
-250 M USD
-77 M USD
Jan 1, 2017
10.96 B USD
900 M USD
223 M USD
Jan 1, 2018
12.86 B USD
1.27 B USD
753 M USD
Jan 1, 2019
13.23 B USD
682 M USD
788 M USD
Jan 1, 2020
6.73 B USD
-369 M USD
-836 M USD

Turk Hava Yollari AO Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 19, 2026, 6:47 AM
 
REVENUE (T USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (B)
DOCUMENTS
202120222023202420252026e2027e2028e
0.010.020.020.020.021.111.191.29
58.6972.4313.658.256.294,526.777.088.06
22.1223.8323.3119.0716.140.350.330.3
2.364.394.884.323.893.893.893.89
0.962.736.023.432.91104.0395.14-
-214.71184.15120.95-43.12-15.043,474.95-8.54
1.381.381.381.381.381.381.381.38
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Turk Hava Yollari AO generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Turk Hava Yollari AO retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Turk Hava Yollari AO's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Turk Hava Yollari AO has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Turk Hava Yollari AO's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Turk Hava Yollari AO stock margins

The Turk Hava Yollari AO margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Turk Hava Yollari AO. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Turk Hava Yollari AO.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
19.72 %
2.13 %
4.41 %
Jan 1, 2007
25.8 %
10.42 %
5.46 %
Jan 1, 2008
25.81 %
12.1 %
18.52 %
Jan 1, 2009
26.09 %
10.84 %
7.95 %
Jan 1, 2010
21.02 %
5.49 %
3.4 %
Jan 1, 2011
16.99 %
3.87 %
0.16 %
Jan 1, 2012
20.57 %
8.1 %
7.83 %
Jan 1, 2013
18.46 %
6.16 %
3.64 %
Jan 1, 2014
18.43 %
6.29 %
7.63 %
Jan 1, 2015
19.98 %
7.45 %
10.16 %
Jan 1, 2016
11.6 %
-2.55 %
-0.79 %
Jan 1, 2017
20.04 %
8.21 %
2.04 %
Jan 1, 2018
21.15 %
9.89 %
5.86 %
Jan 1, 2019
17.39 %
5.16 %
5.96 %
Jan 1, 2020
5.29 %
-5.48 %
-12.41 %

Turk Hava Yollari AO Stock Revenue, EBIT, Earnings per Share

The Turk Hava Yollari AO earnings per share therefore indicates how much revenue Turk Hava Yollari AO has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
2.04 USD
0.04 USD
0.09 USD
Jan 1, 2007
2.7 USD
0.28 USD
0.15 USD
Jan 1, 2008
3.4 USD
0.41 USD
0.63 USD
Jan 1, 2009
3.28 USD
0.36 USD
0.26 USD
Jan 1, 2010
4.05 USD
0.22 USD
0.14 USD
Jan 1, 2011
5.1 USD
0.2 USD
0.01 USD
Jan 1, 2012
5.95 USD
0.48 USD
0.47 USD
Jan 1, 2013
7.15 USD
0.44 USD
0.26 USD
Jan 1, 2014
8.02 USD
0.5 USD
0.61 USD
Jan 1, 2015
7.62 USD
0.57 USD
0.77 USD
Jan 1, 2016
7.1 USD
-0.18 USD
-0.06 USD
Jan 1, 2017
7.94 USD
0.65 USD
0.16 USD
Jan 1, 2018
9.32 USD
0.92 USD
0.55 USD
Jan 1, 2019
9.57 USD
0.49 USD
0.57 USD
Jan 1, 2020
4.88 USD
-0.27 USD
-0.61 USD

Turk Hava Yollari AO business model & stock analysis

Turkish Airlines, also known as Turk Hava Yollari AO, is the largest airline in Turkey and one of the leading airlines worldwide. It was founded in 1933 by the Turkish government to enhance trade relations and international presence. Turkish Airlines started with a route from Istanbul to Ankara with a stop in Eskişehir and has since expanded to offer over 300 destinations in more than 120 countries. The business model of Turkish Airlines focuses on providing passengers with an excellent travel experience, including comfortable seats, excellent service, delicious food, and top-notch entertainment. Additionally, the airline strives to implement environmentally friendly and sustainable practices, as well as efficient business processes. Turkish Airlines offers a variety of products and services to meet the needs of all passengers. These include economy, business, and first-class flights, as well as round-trip and multi-city flights. The airline also provides services such as baggage check-in, check-in, and transfer services. Onboard, passengers can enjoy a variety of meals and beverages prepared by Turkish chefs. Turkish Airlines operates a fleet of modern and environmentally friendly aircraft to ensure safe and comfortable travel. Turkish Airlines operates in various sectors, including scheduled flights, cargo operations, and technical services. The airline's fleet consists of Boeing 737 to 777 and Airbus A319 to A340 aircraft. Turkish Airlines also offers cargo services and has its own fleet of cargo aircraft, including Boeing 747-400 and Airbus A330F. Turkish Technic, the maintenance division of Turkish Airlines, provides maintenance and repair services for aircraft, including maintenance, repairs, component repairs and replacements, and engine-related services. In addition to its main services, Turkish Airlines offers various deals and promotions to provide additional benefits to its passengers. These include frequent flyer programs, discounts, and special offers. The airline also fulfills its social obligations by focusing on charitable organizations and regularly participating in various social projects. In recent years, Turkish Airlines has received numerous awards, including the title of "Best Airline in Europe" six times in a row by Skytrax. The airline aims to provide its passengers with an outstanding travel experience by continuously offering improved and innovative services. With its environmentally friendly practices, sustainable business processes, and excellent service, Turkish Airlines remains one of the leading airlines worldwide.

Turk Hava Yollari AO SWOT Analysis

Strengths

Turk Hava Yollari AO, also known as Turkish Airlines, has several strengths that contribute to its success in the airline industry:

  • Extensive route network connecting major global destinations
  • Modern and well-maintained fleet of aircraft
  • Strong brand reputation and recognition
  • High-quality customer service and in-flight experience
  • Efficient operations and on-time performance
  • Ability to leverage its Istanbul hub location for connections between Europe, Asia, and Africa

Weaknesses

However, Turk Hava Yollari AO faces certain weaknesses that could hinder its growth and competitiveness:

  • Relatively limited market share compared to global competitors
  • Dependency on connecting traffic, which makes it vulnerable to changes in global travel patterns
  • High cost structure due to factors such as labor and fuel expenses
  • Challenges in adapting to volatile market conditions
  • Limited presence and influence in certain regions

Opportunities

There are several opportunities for Turk Hava Yollari AO to capitalize on and further strengthen its position in the aviation market:

  • Expansion into emerging markets with growing air travel demand
  • Potential for partnerships and alliances with other airlines for increased route connectivity
  • Integration of advanced technologies to enhance operational efficiency
  • Offering new travel experiences and innovative services to attract more customers
  • Growing demand for environmentally friendly and sustainable travel options

Threats

Turk Hava Yollari AO also faces certain threats that could impact its performance and market position:

  • Intense competition from other well-established global airlines
  • Volatility in fuel prices and currency exchange rates
  • Political, economic, and regulatory uncertainties in various countries
  • Emergence of low-cost carriers and budget airlines, offering lower fares
  • Disruptions due to natural disasters, pandemics, or security-related incidents

Turk Hava Yollari AO Eulerpool Fair Value

Turk Hava Yollari AO historical P/E ratio, EBIT multiple, and P/S ratio

Turk Hava Yollari AO annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Turk Hava Yollari AO shares outstanding

The number of shares was Turk Hava Yollari AO in 2025 — This indicates how many shares 1.38 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
1.38 B base_Shares
Jan 1, 2007
1.38 B base_Shares
Jan 1, 2008
1.38 B base_Shares
Jan 1, 2009
1.38 B base_Shares
Jan 1, 2010
1.38 B base_Shares
Jan 1, 2011
1.38 B base_Shares
Jan 1, 2012
1.38 B base_Shares
Jan 1, 2013
1.38 B base_Shares
Jan 1, 2014
1.38 B base_Shares
Jan 1, 2015
1.38 B base_Shares
Jan 1, 2016
1.38 B base_Shares
Jan 1, 2017
1.38 B base_Shares
Jan 1, 2018
1.38 B base_Shares
Jan 1, 2019
1.38 B base_Shares
Jan 1, 2020
1.38 B base_Shares

Turk Hava Yollari AO Dividend History

1 years of dividend payments

YearAnnual DividendYoY ChangePayments
20256.88USD
Jun 16, 20253.44USD1/2
Sep 2, 20253.44USD 0.0%2/2

Turk Hava Yollari AO dividend history and estimates

In 2025, Turk Hava Yollari AO paid a dividend amounting to 6.88 USD. Dividend means that Turk Hava Yollari AO distributes a portion of its profits to its owners.
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Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2025
6.88 USD
0 USD
Price targets and forecasts for Turk Hava Yollari AO are not yet available.

Turk Hava Yollari AO Earnings Estimates

Turk Hava Yollari AO Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/27/20230.57USD81.82 BUSD2022 Q4
11/2/202214.97USD112.7 BUSD2022 Q3
8/10/20225.01USD76.28 BUSD2022 Q2
4/28/20220.75USD43.22 BUSD2022 Q1
3/1/20221.02USD41.32 BUSD2021 Q4
11/3/20212.42USD30.71 BUSD2021 Q3
8/10/20210.43USD18.44 BUSD2021 Q2
5/3/2021-0.17USD14.11 BUSD2021 Q1
11/4/2020-USD11.35 BUSD2020 Q3
8/13/2020-USD4.98 BUSD2020 Q2

EESG©

Eulerpool ESG Scorecard© for the Turk Hava Yollari AO stock

84/100
87
Environment
93
Social
73
Governance
E

Environment

20
Scope 1 - Direct Emissions22,602,053
Scope 2 - Indirect emissions from purchased energy112,320
Scope 3 - Indirect emissions within the value chain9,119,124
Total CO₂ emissions22,714,373
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees45.3
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Turk Hava Yollari AO shareholder structure

% Name
49.12425%
OIB (Turkish Privatization Administration)
OIB (Turkish Privatization Administration)
1.40122%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.92872%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.76901%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.42127%
Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V.
0.4042%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.39968%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.38583%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.38213%
Capital World Investors
Capital World Investors
0.23996%
Charles Schwab Investment Management, Inc.
Charles Schwab Investment Management, Inc.
...

Turk Hava Yollari AO Executives and Management Board

PB

Prof. Ahmet Bolat

(65)

Non-Executive Chairman of the Board · since 2012

BE

Mr. Bilal Eksi

(56)

Chief Executive Officer, General Manager, Executive Director · since 2016

SA

Mr. Sekib Avdagic

(65)

Non-Executive Independent Vice Chairman of the Board

AS

Assoc. Prof. Murat Seker

(45)

Chief Financial Officer, Executive Director · since 2016

MK

Mr. Mehmet Konar

Chief Operations Officer

Frequently asked questions about Turk Hava Yollari AO

Turk Hava Yollari AO, also known as Turkish Airlines, is primarily active in the airline industry. The company operates both domestic and international flights, providing air transportation services to passengers and cargo. With its extensive network and modern fleet, Turkish Airlines serves as a major player in the global aviation industry. As one of the largest airlines in the world, Turkish Airlines continuously seeks to expand its operations, improve its services, and provide travelers with a seamless and enjoyable flying experience.

All fundamentals and in-depth analysis of Turk Hava Yollari AO

Our stock analysis for Turk Hava Yollari AO Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Turk Hava Yollari AO Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.