Revenue distribution by industry:

• Passenger flights: approx. 75%
• Cargo and logistics: approx. 15%
• Other services (e.g. maintenance, catering): approx. 10%

TOP 3 markets:

• Europe: approx. 35%
• Middle East: approx. 25%
• Asia: approx. 20%

Türk Hava Yollari Anonim Ortakligi, better known as Turkish Airlines, generates the majority of its revenue from passenger flights. The cargo and logistics sector also significantly contribute to the total revenue, while services such as maintenance and catering make up a smaller share.

Europe is the largest market for Turkish Airlines, followed by the Middle East and Asia. These markets are crucial for the company as they offer high demand for both passenger flights and cargo transportation.

Production Sites: Istanbul, Turkey

Türk Hava Yollari Anonim Ortakligi, better known as Turkish Airlines, is an airline and does not produce physical products in the traditional sense. Its headquarters and operational hub are located in Istanbul, Turkey.

The airline provides services in passenger and cargo transportation. Its main activities focus on operating flights and maintaining its aircraft fleet, which is mainly carried out in Istanbul.

Fleet Expansion: 20% growth by 2027
Network Expansion: 10 new international destinations by 2026

Türk Hava Yollari Anonim Ortakligi, known as Turkish Airlines, is pursuing a growth strategy that heavily focuses on fleet expansion and network expansion. The company plans to expand its fleet by 20% by 2027 to meet the increasing demand and solidify its position as a leading airline in the region.

In addition, Turkish Airlines plans to expand its international network by opening up 10 new destinations by 2026. This strategy aims to increase global reach and tap into new markets, especially in Asia and Africa, where there is strong growth potential.

The airline is also investing in technological innovations and customer experiences to increase efficiency and enhance customer satisfaction. This includes the use of modern aircraft and digital solutions to optimize operations and provide passengers with an improved travel experience.

Main Imported Raw Materials:

• Aircraft fuel
• Aircraft parts and maintenance components
• Onboard catering

Countries of Origin:

• Aircraft fuel: Mainly from Russia, Saudi Arabia, and the United Arab Emirates.
• Aircraft parts and maintenance components: Primarily from the USA, Germany, and France.
• Onboard catering: Various European countries, especially Germany and the Netherlands, as well as local Turkish suppliers.

Türk Hava Yollari Anonim Ortakligi (Turkish Airlines) is heavily dependent on international supply chains, especially in the area of aircraft fuel, which represents a significant cost factor. The reliance on countries like Russia and Saudi Arabia is typical for the industry, as these countries are among the largest producers of crude oil.

For aircraft parts and maintenance components, Turkish Airlines collaborates with leading manufacturers and service providers, typically based in the USA and Europe. This is necessary to ensure the high safety and quality standards of the aviation industry.

Onboard catering is partially imported to cater to the international taste of passengers, with local products also integrated to represent Turkish culture and optimize costs.

Market share in Turkey: approximately 50% (2024) International passenger numbers: 72 million (2024) Fleet size: 400 aircraft (2024)

Türk Hava Yollari Anonim Ortakligi, also known as Turkish Airlines, has a significant competitive advantage that is composed of several factors. With a market share of about 50% in Turkey, the company dominates the domestic market. This strong presence is supported by an extensive fleet of 400 aircraft, allowing Turkish Airlines to operate a wide network of international and domestic routes.

Another key advantage is the strategic location of the hub in Istanbul, serving as a bridge between Europe, Asia, and Africa. This enables Turkish Airlines to serve a variety of destinations with relatively short flight times, appealing to both business travelers and tourists.

Additionally, the company continuously invests in modernizing its fleet and expanding its route network, leading to an increase in international passenger numbers to 72 million in 2024. These investments further strengthen the competitiveness of Turkish Airlines and position the company as a leading player in international aviation.

Institutional Investor Share: 55% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in Türk Hava Yollari Anonim Ortakligi (THYAO) is approximately 55%. This reflects the confidence of institutional investors in the airline's long-term growth strategy and market position.

There were no significant insider transactions in the last quarter, indicating that the management and other insiders have not made any significant changes to their holdings. This could be a sign of stability and confidence in the current corporate leadership and strategy.

Market Share of Turkish Airlines Inc. (THYAO): 14% (2025, estimated)

Top Competitors and Market Shares:

1. Lufthansa Group: 16%
2. Air France-KLM: 15%
3. Turkish Airlines (THYAO): 14%
4. British Airways (IAG): 12%
5. Emirates: 10%
6. Qatar Airways: 9%
7. Singapore Airlines: 8%
8. United Airlines: 7%
9. Delta Air Lines: 6%
10. American Airlines: 3%

Turkish Airlines (THYAO) holds a significant market share of 14%, making it one of the leading airlines in Europe. THYAO's moat mainly lies in its strategic geographical location in Istanbul, serving as a hub between Europe, Asia, and Africa. This enables them to efficiently operate a variety of international routes.

Compared to its competitors, THYAO has an advantage in terms of geographical positioning and a strong presence in international markets. However, other airlines like Lufthansa and Air France-KLM also have strong moats supported by extensive alliances, a wide network, and high brand recognition.

While THYAO has an edge in terms of geographical location and route network, other airlines may have a stronger moat due to their financial strength, alliances, and customer loyalty programs. This makes competition in the industry intense and dynamic.

Revenue Growth: 20% (2024) Profit Growth: 18% (2024) Passenger Growth: 12% (2024)

Türk Hava Yollari Anonim Ortakligi (THYAO) achieved an impressive revenue growth of 20% in 2024, attributed to strong demand in air travel and successful expansion into new markets. The 18% profit growth highlights the company's efficiency improvements and successful cost control.

Furthermore, the company achieved a passenger growth of 12%, indicating increased capacity and improved flight utilization. These growth figures suggest that THYAO is well positioned to benefit from the travel industry's recovery post-pandemic.

Overall, THYAO's financial performance shows a positive trend, reflecting strong operational performance and strategic decisions. This could make the stock an attractive investment, especially for investors looking for long-term growth in the aviation sector.

Dividend yield: 3.5% (estimated for 2025)
Dividend policy: Variable, depending on company profits and economic conditions

Türk Hava Yollari Anonim Ortakligi, also known as Turkish Airlines, has distributed dividends in the past, but the amount of distribution is heavily dependent on the economic situation and company profits.

In recent years, due to pandemic-related challenges and the volatile aviation industry, the company has occasionally suspended or reduced dividends. A dividend yield of approximately 3.5% is estimated for 2025, based on industry recovery and improved financial results.

The reliability of dividend payment is highly dependent on global economic stability and the recovery of travel traffic. Investors should closely monitor the financial performance of Turkish Airlines and developments in the aviation industry.