05.04.2024 - March 2024 Traffic Results
Traffic results for the period of March 2024 are as follows:
• During the period of March 2024, total number of passengers carried increased by 0.5% to 6.14 million, compared to 6.11 million passengers in March 2023.
• During the period of March 2024, international to international passenger carried increased by 3% to 2.6 million from 2.5 million for the same period of 2023.
• L/F was 79.8% in March 2024, 2.2 points lower than the same period of 2023. In the period of March 2024, L/F in international flights was 79.9% while L/F in domestic flights was 78%.
• ASK increased by 9.7% to 20 billion during the period of March 2024 from 18.2 billion for the same period of 2023.
• Cargo/Mail carried during the period of March 2024 increased by 35.3% to 178,5 thousand tons from 131.9 thousand tons in the same period of 2023.
Traffic results for the period of January – March 2024 are as follows:
• During the period of January – March 2024, total number of passengers carried increased by 8.4% to 18.5 million, compared to 17 million passengers in the same period of 2023.
• During the period of January – March 2024, international to international passenger carried increased by 10.3% to 7.6 million from 6.9 million in the same period of 2023.
• L/F decreased by 0.9 points to 80.4% compared to the period of January – March 2023. L/F in international flights was 80.2% while L/F in domestic flights was 82.6%.
• ASK increased by 13% to 58.5 billion during the period of January – March 2024 from 51.7 billion for the same period of 2023.
• Cargo/Mail carried during the period of January – March 2024 increased by 35.3% to 477.5 thousand tons from 352.9 thousand tons in the same period of 2023.
• By the end of March 2024, the number of aircraft in the fleet was 453.
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05.04.2024 - Decision to Establish a New Company
It has been decided to establish a joint stock company within the framework of the Sports Clubs and Sports Federations Law No. 7405 and the Turkish Commercial Code No. 6102 within the provincial borders of Istanbul to carry out all or some of the sports activities, currently carried out under the umbrella of Turkish Airlines Sports Club. Our Incorporation will hold 100% of the shares, with a cash capital of TL 1,000,000 under the name of "THY Spor A.Ş." or another trade name to be determined if this title cannot be used.
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03.04.2023 - 2023 Financial Results
Our Incorporation has announced the consolidated financial statements for the year 2023. The consolidated financial statements, the Board of Directors' Activity Report, and the investor presentation are available on our Incorporation's website for our investors' information. Additionally, our Investor Relations website and investor information documents feature certain financial information that are not adjusted for inflation accounting. These financial documents are prepared under the responsibility of our Board of Directors and the executives in charge of financial reporting, with the aim of providing our investors with a comparable, consistent, and comprehensive perspective in line with the previously disclosed financial information and expectations, and have not undergone independent auditing.
Respectfully announced to the public.
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19.04.2024 - 28th Term Collective Bargaining Agreement
Ref: Our public disclosure dated 01.03.2024
Türk Hava Yolları A.O. and Hava-Iş Union signed 28th Collective Bargaining Agreement, which covers the two-year period starting from 01.01.2024 until 31.12.2025.
According to the agreement, the wage increase for the first half of 2024 will be 64%, for the second half of 2024, the sum of the change in Türkiye Consumer Price Index (CPI) and 10% of that change, and for the first and second half of 2025 the sum of the change in Türkiye Consumer Price Index (CPI) and 10% of that change for the respective periods.
As stated in our public disclosure dated 01.03.2024, in determining the retroactive wage differences back to 01.01.2024, an offset will be made by considering the 50% wage increase applied as of February.
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18.03.2024 - Fitch Credit Rating
The international credit agency Fitch upgraded the credit rating of our Incorporation to BB- from B+. The outlook affirmed as Stable. Fitch also upgraded the rating on our USD-denominated Enhanced Equipment Trust Certificates (EETC) issued in 2015 to BB from BB-.
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07.03.2024 - February 2024 Traffic Result
Traffic results for the period of February 2024 are as follows:
• During the period of February 2024, total number of passengers carried increased by 25.4% to 6.1 million, compared to 4.9 million passengers in February 2023.
• During the period of February 2024, international to international passenger carried increased by 14.6% to 2.4 million from 2.1 million for the same period of 2023.
• L/F was 81.3% in February 2024, unchanged compared to same period of 2023. In the period of February 2024, L/F in international flights was 80.9% while L/F in domestic flights was 85.1%.
• ASK increased by 19.5% to 18.4 billion during the period of February 2024 from 15.4 billion for the same period of 2023.
• Cargo/Mail carried during the period of February 2024 increased by 45.6% to 148.4 thousand tons from 101.9 thousand tons in the same period of 2023.
Traffic results for the period of January – February 2024 are as follows:
• During the period of January – February 2024, total number of passengers carried increased by 12.8% to 12.3 million, compared to 10.9 million passengers in the same period of 2023.
• During the period of January – February 2024, international to international passenger carried increased by 14.4% to 5 million from 4.4 million in the same period of 2023.
• L/F decreased by 0.2 points to 80.8% compared to the period of January – February 2023. L/F in international flights was 80.3% while L/F in domestic flights was 84.9%.
• ASK increased by 14.7% to 38.4 billion during the period of January – February 2024 from 33.5 billion for the same period of 2023.
• Cargo/Mail carried during the period of January – February 2024 increased by 34.5% to 297.2 thousand tons from 221 thousand tons in the same period of 2023.
• By the end of February 2024, the number of aircraft in the fleet was 450.
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01.03.2024 - Personnel Salary Increase
An agreement has not yet been reached between Our Incorporation and Authorized Hava-Iş Union in the ongoing collective bargaining agreement negotiation process. Our Board of Directors decided to apply an increase of 50% to the personnel salaries in effect as of 31.01.2024, effective from 01.02.2024 to safeguard our employees' purchasing power until the ratification of 28th Collective Bargaining Agreement. This adjustment is based on the rate specified in the Decision No. 2023/2 of the Minimum Salary Determination Commission, published on Official Gazette No. 32415 dated 30.12.2023.
If a new collective bargaining agreement is signed by agreeing with the Authorized Union on a higher wage increase rate on 01.01.2024, offset will be made by taking into account this 50% increase rate to be applied as of February, in determining the retroactive wage differences.
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09.02.2024 - January 2024 Traffic Result
Traffic results for the period of January 2024 are as follows:
• During the period of January 2024, total number of passengers carried increased by 2.7% to 6.3 million, compared to 6.1 million passengers in January 2023.
• During the period of January 2024, international to international passenger carried increased by 14.1% to 2.6 million from 2.3 million for the same period of 2023.
• L/F decreased by 0.4 points to 80.3% compared to same period of 2023. In the period of January 2024, L/F in international flights was 79.8% while L/F in domestic flights was 84.7%.
• ASK increased by 10.6% to 20 billion during the period of January 2024 from 18.1 billion for the same period of 2023.
• Cargo/Mail carried during the period of January 2024 increased by 24.8% to 148.6 thousand tons from 119 thousand tons in the same period of 2023.
• By the end of January 2024, the number of aircraft in the fleet was 440.
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29.01.2024 - Organizational Structure Change
Considering the evolving organizational structure of the Incorporation, our Board of Directors decided to transform;
• Chief Information Technology & Transformation Office into Chief Information Technology Office and
• Chief Investment & Technology Office into Chief Investment & Strategy Office.
Respectfully announced to the public.
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26.01.2024 - Moody's EETC Credit Rating
International credit agency Moody's upgraded the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificate (EETC), which was issued in 2015, to B2 from B3 and the rating of the JPY-denominated Class A and B Enhanced Equipment Trust Certificates (EETCs) to B1 from B2. Additionally, the separate outlooks on these certificates revised to positive from stable.
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08.01.2024 - December 2023 Traffic Result
Traffic results for the period of December 2023 are as follows:
• During the period of December 2023, total number of passengers carried increased by 10.1% to 6.1 million, compared to 5.5 million passengers in December 2022.
• During the period of December 2023, international to international passenger carried increased by 19% to 2.6 million from 2.2 million for the same period of 2022.
• L/F decreased by 1.8 points to 79.8% compared to same period of 2022. In the period of December 2023, L/F in international flights was 80% while L/F in domestic flights was 78.5%.
• ASK increased by 19.4% to 19.8 billion during the period of December 2023 from 16.6 billion for the same period of 2022.
• Cargo/Mail carried during the period of December 2023 increased by 15.8% to 159.7 thousand tons from 137.9 thousand tons in the same period of 2022.
Traffic results for the period of January – December 2023 are as follows:
• During the period of January – December 2023, total number of passengers carried increased by 16.1% to 83.4 million, compared to 71.8 million passengers in the same period of 2022.
• During the period of January – December 2023, international to international passenger carried increased by 27.1% to 29.8 million from 23.4 million in the same period of 2022.
• L/F increased by 1.9 points to 82.6% compared to the period of January – December 2022. L/F in international flights was 82.4% while L/F in domestic flights was 84.3%.
• ASK increased by 16.4% to 234.8 billion during the period of January – December 2023 from 201.8 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – December 2023 decreased by 1.2% to 1.66 million tons from 1.68 million tons in the same period of 2022.
• By the end of December 2023, the number of aircraft in the fleet was 440.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
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03.01.2024 - AJet Air Aperator Certificate
Ref: Public Disclosures dated 12.12.2023 and 29.12.2023
All application processes of our subsidiary AJet Hava Taşımacılığı A.Ş. ("AJet") for obtaining an Air Operator Certificate within the framework of the Regulation on Commercial Air Transport Enterprises was completed and AJet was granted an Air Operator Certificate by the General Directorate of Civil Aviation on 02.01.2024. AJet is expected to start its operations at the beginning of the summer season in 2024.
Respectfully announced to the public.
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29.12.2023 - AJet Capital Increase
Ref: Public disclosure dated 12.12.2023
Transfer of 5 Boeing 737-800 type aircraft owned by our Incorporation to our fully owned subsidiary AJet Hava Taşımacılığı A.Ş (AJet) as an in-kind capital was completed as of 28.12.2023 upon the registration by the Istanbul Trade Registry Office.
Respectfully announced to the public.
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29.12.2023 - Organizational Structure and Senior Management Change
In order to strengthen the Incorporation's operational structure, our Board of Directors decided to;
Transform Chief Commercial Office into Chief Operating Office,
Appoint Mr. Mehmet Akif Konar as the Chief Operating Officer, who will be serving as a proxy until obtaining necessary permits from Civil Aviation Authorities, replacing the Chief Commercial Officer Mr. Kerem Sarp,
Mr. Kerem Sarp to continue his duties as Chief Executive Officer at Ajet Hava Taşımacılığı A.Ş.
Transform Chief Marketing Office into Chief Commercial Office,
Appoint Mr. Ali Türk as the Chief Cargo Officer replacing Mr. Turhan Özen, who has been serving as the Chief Cargo Officer since October 7, 2016 and will be leaving his position due to his career preferences.
As Turkish Airlines we would like to thank Mr. Turhan Özen for his valuable contributions to our Incorporation and wish him continued success in his career.
We also wish success to our rejoining senior executives Mr. Mehmet Akif Konar and Mr. Ali Türk in their new roles.
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15.12.2023 - Our Incorporation's Aircraft Orders as Part of Its 2023-2033 Strategic Plan
Ref: Our Public Disclosures Dated 13.04.2023, 12.05.2023, 01.09.2023 and 13.11.2023
Our Incorporation is continuing negotiations with aircraft and engine manufacturers as part of the growth targets set forth in the Strategic Plan covering between 2023-2033 period. In this context, our Board of Directors decided to place:
• 60 firm and 20 purchase right orders for A350-900 aircraft (including 10 A350-900 aircraft stated in our public disclosure dated 01.09.2023),
• 15 firm orders for A350-1000 aircraft,
• 5 firm and 5 purchase right orders for A350F cargo aircraft and
• 150 firm and 100 purchase right orders for A321 NEO aircraft
from Airbus and procure engine maintenance services and spare engines for the A350 aircraft from Rolls-Royce.
Respectfully announced to the public.
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12.12.2023 - AJet Capital Increase
Our Board of Directors decided to transfer 5 Boeing 737-800 type aircraft owned by our Incorporation to our fully owned subsidiary AJet Hava Taşımacılığı A.Ş (AJet) as an in-kind capital in order to obtain necessary operating permits under the Commercial Air Transport Enterprises Regulation.
Respectfully announced to the public.
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06.12.2023 - November 2023 Traffic Results
Traffic results for the period of November 2023 are as follows:
• During the period of November 2023, total number of passengers carried increased by 4.1% to 6 million, compared to 5.8 million passengers in November 2022.
• During the period of November 2023, international to international passenger carried increased by 11.2% to 2.2 million from 2 million for the same period of 2022.
• L/F decreased by 2.7 points to 80.4% compared to same period of 2022. In the period of November 2023, L/F in international flights was 79.9% while L/F in domestic flights was 84.8%.
• ASK increased by 12.1% to 18.2 billion during the period of November 2023 from 16.2 billion for the same period of 2022.
• Cargo/Mail carried during the period of November 2023 increased by 11% to 153.5 thousand tons from 138.3 thousand tons in the same period of 2022.
Traffic results for the period of January – November 2023 are as follows:
• During the period of January – November 2023, total number of passengers carried increased by 16.6% to 77.3 million, compared to 66.3 million passengers in the same period of 2022.
• During the period of January – November 2023, international to international passenger carried increased by 27.9% to 27.2 million from 21.2 million in the same period of 2022.
• L/F increased by 2.3 points to 82.8% compared to the period of January – November 2022. L/F in international flights was 82.6% while L/F in domestic flights was 84.8%.
• ASK increased by 16.1 to 215 billion during the period of January – November 2023 from 185.2 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – November 2023 decreased by 2.8% to 1.50 million tons from 1.54 million tons in the same period of 2022.
• By the end of November 2023, the number of aircraft in the fleet was 437.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
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30.11.2023 - Announcement Regarding the Donation for the Earthquake Relief
Ref: Public disclosures dated 23.02.2023 and 24.07.2023
Our Board of Directors decided to allocate an additional limit to meet the needs arising from the completion of our projects conducted in the regions impacted by the earthquakes that took place in Kahramanmaraş on February 6, 2023.
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17.11.2023 - S&P Credit Rating
International credit agency Standard & Poor's (S&P) raised the stand-alone credit profile of Turkish Airlines by one notch to bb from bb- based on our Incorporation's strong operational and financial performance. The Agency affirmed our B (stable) issuer credit rating at the sovereign rating level.
S&P also affirmed B(sf) rating on our USD denominated Enhanced Equipment Trust Certificates (EETC) issued in 2015.
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13.11.2023 - Our Incorporation's Aircraft Orders as Part of Its 2023-2033 Strategic Plan
Ref: Our Public Disclosures Dated 13.04.2023, 12.05.2023 and 01.09.2023
Our Incorporation has been engaging in discussions with aircraft and engine manufacturers as part of the growth targets set forth in the Strategic Plan covering between 2023-2033 period. In this context, discussions with Airbus for the purchase of 355 aircraft—240 firm and 115 optional— to be delivered between 2026-2036 are ongoing. Necessary announcements will be shared with the public following to the Board of Directors' approval.
Respectfully announced to the public.
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09.11.2023 - October 2023 Traffic Results
Traffic results for the period of October 2023 are as follows:
• During the period of October 2023, total number of passengers carried increased by 10.9% to 7.4 million, compared to 6.6 million passengers in October 2022.
• During the period of October 2023, international to international passenger carried increased by 17.1% to 2.5 million from 2.2 million for the same period of 2022.
• L/F decreased by 2.5 point to 82.7% compared to same period of 2022. In the period of October 2023, L/F in international flights was 82.5% while L/F in domestic flights was 83.9%.
• ASK increased by 15.6% to 20.8 billion during the period of October 2023 from 18 billion for the same period of 2022.
• Cargo/Mail carried during the period of October 2023 increased by 9.4% to 157.6 thousand tons from 144.1 thousand tons in the same period of 2022.
Traffic results for the period of January – October 2023 are as follows:
• During the period of January – October 2023, total number of passengers carried increased by 17.8% to 71.3 million, compared to 60.5 million passengers in the same period of 2022.
• During the period of January – October 2023, international to international passenger carried increased by 29.6% to 24.9 million from 19.2 million in the same period of 2022.
• L/F increased by 2.8 points to 83.1% compared to the period of January – October 2023. L/F in international flights was 82.8% while L/F in domestic flights was 84.8%.
• ASK increased by 16.5 to 196.8 billion during the period of January – October 2023 from 168.9 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – October 2023 decreased by 4.2% to 1.3 million tons from 1.4 million tons in the same period of 2022.
• By the end of October 2023, the number of aircraft in the fleet was 435.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
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09.11.2023 - Aircraft Leases Within the Framework of Our Incorporation's Growth Strategy
Ref: Our Public Disclosures Dated 23.10.2023, 01.09.2023, 12.05.2023 and 13.04.2023
Our Incorporation is continuing negotiations with aircraft manufacturers and various international lessors to support its ongoing growth trajectory and fleet renewal. In this context, our Board of Directors decided to lease a total of 20 narrow-body with a lease term of 144 months of which 6 are to be delivered between the first quarter of 2025 and the first quarter of 2026 from CDB Aviation Lease Finance DAC ("CDB"), 4 are to be delivered in the first quarter of 2025 from Jackson Square Aviation ("JSA") and 10 are to be delivered between the fourth quarter of 2024 and the first quarter of 2025 from DAE Capital ("DAE") and 1 wide-body aircraft with a lease term of 72 months to be delivered in the second quarter of 2024 from CDB.
Respectfully announced to the public.
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01.11.2023 - 3Q 2023 Financial Results
The Incorporation has announced its consolidated financial results for the third quarter of 2023. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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27.10.2023 - Moody's EETC Credit Rating
International credit agency Moody's downgraded the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificate (EETC), which was issued in 2015, to B3 from B2 and affirmed its outlook as Stable. Additionally, the credit rating agency downgraded the rating of the JPY-denominated Class A and B Enhanced Equipment Trust Certificates (EETCs) to B2 from B1, one notch above the country foreign currency rating ceiling, and changed their outlook to Stable from Negative.
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25.10.2023 - JCR Eurasia Credit Rating
Credit Rating Agency JCR Eurasia has evaluated Turkish Airlines in the highest investment-level category and affirmed the Long-Term National Issuer Credit Rating as ‘AAA(tr)' and the Short-Term National Issuer Credit Rating as ‘J1+ (tr)' with ‘Stable' outlooks. Additionally, our Incorporation's Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks were affirmed as ‘BB/Negative' at the sovereign rating level.
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23.10.2023 - Aircraft Leases Within the Framework of Our Incorporation's Growth Strategy
Ref: Our Public Disclosures Dated 13.04.2023, 12.05.2023 and 01.09.2023
Our Incorporation is continuing negotiations with aircraft manufacturers and various international lessors to support its ongoing growth trajectory and fleet renewal. In this context, our Board of Directors decided to lease a total of 28 aircraft, consisting of 25 narrow-body and 3 wide-body aircraft from AerCap to be delivered between 2024 and 2026 with a lease term of 144 months in addition to extending the duration of the existing 6 A330-200 aircraft currently on lease from the company.
Respectfully announced to the public.
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18.10.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 93,000 nominal value were bought back on Oct 18, 2023 within a price range of TL 217.10 – TL 218.50 (weighted average TL 217.93) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares have reached TL 4,797,044 which represents %0.347612 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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10.10.2023 - September Traffic Results
Traffic results for the period of September 2023 are as follows:
• During the period of September 2023, total number of passengers carried increased by 9.2% to 7.9 million, compared to 7.3 million passengers in September 2022.
• During the period of September 2023, international to international passenger carried increased by 14.6% to 2.7 million from 2.3 million for the same period of 2022.
• L/F decreased by 0.4 point to 84,9% compared to same period of 2022. In the period of September 2023, L/F in international flights was 84.6% while L/F in domestic flights was 87.3%.
• ASK increased by 8.9% to 21.1 billion during the period of September 2023 from 19.3 billion for the same period of 2022.
• Cargo/Mail carried during the period of September 2023 increased by 3.4% to 150.3 thousand tons from 145.4 thousand tons in the same period of 2022.
Traffic results for the period of January – September 2023 are as follows:
• During the period of January – September 2023, total number of passengers carried increased by 18,6% to 63,9 million, compared to 53,9 million passengers in the same period of 2022.
• During the period of January – September 2023, international to international passenger carried increased by 31.2% to 22.4 million from 17.1 million in the same period of 2022.
• L/F increased by 3.4 points to 83.1% compared to the period of January – September 2023. L/F in international flights was 82.9% while L/F in domestic flights was 84.9%.
• ASK increased by 16.6 to 176 billion during the period of January – September 2023 from 150.9 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – September 2023 decreased by 5.7% to 1,187 thousand tons from 1,259 thousand tons in the same period of 2022.
• By the end of September 2023, the number of aircraft in the fleet was 429.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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05.10.2023 - S&P Credit Rating
On 05.10.2023, the international credit agency S&P affirmed the credit rating of Turkish Airlines at "B" and revised the outlook from negative to stable, in line with its assessment for Türkiye.
S&P has also affirmed "B" rating on our Enhanced Equipment Trust Certificates (EETC) issued in 2015.
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15.09.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 218,244 nominal value were bought back on Sep 15, 2023 within a price range of TL 228.50 – TL 229.70 (weighted average TL 229.10) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares have reached TL 4,704,044 which represents %0.340873 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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07.09.2023 - August 2023 Traffic Results
Traffic results for the period of August 2023 are as follows:
• During the period of August 2023, total number of passengers carried increased by 10.7% to 8.7 million, compared to 7.9 million passengers in August 2022.
• During the period of August 2023, international to international passenger carried increased by 20.5% to 2.9 million from 2.4 million for the same period of 2022.
• L/F increased by 0.1 point to 86.2% compared to same period of 2022. In the period of August 2023, L/F in international flights was 85.4% while L/F in domestic flights was 92.7%.
• ASK increased by 8.6% to 22.2 billion during the period of August 2023 from 20.5 billion for the same period of 2022.
• Cargo/Mail carried during the period of August 2023 decreased by 1% to 146.9 thousand tons from 148.3 thousand tons in the same period of 2022.
Traffic results for the period of January – August 2023 are as follows:
• During the period of January – August 2023, total number of passengers carried increased by 20% to 56 million, compared to 46.6 million passengers in the same period of 2022.
• During the period of January – August 2023, international to international passenger carried increased by 33.8% to 19.7 million from 14.7 million in the same period of 2022.
• L/F increased by 4 points to 82.9% compared to the period of January – August 2023. L/F in international flights was 82.6% while L/F in domestic flights was 84.6%.
• ASK increased by 17.7% to 154.9 billion during the period of January – August 2023 from 131.6 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – August 2023 decreased by 6.9% to 1,037 thousand tons from 1,114 thousand tons in the same period of 2022.
• By the end of August 2023, the number of aircraft in the fleet was 428.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
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18.08.2023 - Non-current Financial Asset Acquisition
As announced by our Incorporation on 14.07.2023, our Board of Directors had decided to initiate necessary works to establish electronic money and payment services corporation and conduct relevant regulatory licensing processes in order to translate Turkish Airlines' current potential into a value accretive business model considering our Incorporation's experience and power in the aviation industry and sales channels transaction volume.
Within this context, the incorporation of "THY Finansal Teknolojiler Anonim Şirketi", as a wholly-owned subsidiary of Turkish Airlines, was completed as of 18.08.2023 upon the registration by the Istanbul Trade Registry Office.
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09.08.2023 - 2Q 2023 Financial Results
The Incorporation has announced its consolidated financial results for the second quarter of 2023. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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09.08.2023 - July 2023 Traffic Results
Traffic results for the period of July 2023 are as follows:
• During the period of July 2023, total number of passengers carried increased by 9% to 8.6 million, compared to 7.9 million passengers in July 2022.
• During the period of July 2023, international to international passenger carried increased by 11.6% to 2.7 million from 2.4 million for the same period of 2022.
• L/F decreased by 0.3 points to 85.8% compared to same period of 2022. In the period of July 2023, L/F in international flights was 84.8% while L/F in domestic flights was 94.2%.
• ASK increased by 6.7% to 21.9 billion during the period of July 2023 from 20.5 billion for the same period of 2022.
• Cargo/Mail carried during the period of July 2023 decreased by 2.4% to 142.5 thousand tons from 146 thousand tons in the same period of 2022.
Traffic results for the period of January – July 2023 are as follows:
• During the period of January – July 2023, total number of passengers carried increased by 22% to 47.3 million, compared to 38.8 million passengers in the same period of 2022.
• During the period of January – July 2023, international to international passenger carried increased by 36% to 16.7 million from 12.3 million in the same period of 2022.
• L/F increased by 4.7 points to 82.3% compared to the period of January – July 2023. L/F in international flights was 82.2% while L/F in domestic flights was 83.2%.
• ASK increased by 19.4% to 132.7 billion during the period of January – July 2023 from 111.1 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – July 2023 decreased by 7.8% to 890.3 thousand tons from 965.2 thousand tons in the same period of 2022.
• By the end of July 2023, the number of aircraft in the fleet was 424.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
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07.08.2023 - Non-current Financial Asset Acquisition
On 14.07.2023, our Incorporation had announced the establishment of "AJet Hava Taşımacılığı Anonim Şirketi", a wholly-owned subsidiary of Turkish Airlines, in order to continue the operations of AnadoluJet brand as a low-cost carrier at global standards while strengthening its competitive positioning in the market. Incorporation of the company was completed as of 07.08.2023 upon the registration by Istanbul Trade Registry Office.
Kindly announced to the public.
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25.07.2023 - Notification Regarding Dividend Payment
According to the consolidated financial statements belonging to the accounting period of 01.01.2022-31.12.2022 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is 47,432,000,000 TRY. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law, due to the differences between Turkish Accounting standards and IFRS standards) the net profit of the period is 21,651,606,080 TRY and previous years' loss account has a balance of 63,236,726,739 TRY.
Consequently, the profit amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), Board of Director's proposal of transferring the net profit of 47,432,000,000 TRY (according to IFRS) to the previous years' profit account was approved at the 2022 Ordinary General Assembly Meeting.
Profit Distribution Table 2022
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25.07.2023 - Appointment of the Board Members
At today's Ordinary General Assembly Meeting, the following members were elected to the Board of Directors for two years.
Members of the Board:
Prof. Ahmet Bolat
Prof. Mecit Eş
Mr. Bilal EKŞİ
Assoc. Prof. Murat Şeker
Mr. Ramazan Sarı
Mr. Hüseyin Keskin
Assoc. Prof. Fatmanur ALTUN
Dr. Melih Şükrü Ecertaş
Mr. Şekib Avdagiç
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25.07.2023 - Appointment of the Board Committees
Our Board of Directors decided to make following appointments to the Board Committees:
Independent Board Member Mr. Şekib Avdagiç as the Chairman and Dr. Melih Şükrü Ecertaş as the Member of the Audit Committee;
Independent Board Member Assoc. Prof. Fatmanur Altun as the Committee Chairperson, Board Member Mr. Ramazan Sarı and Investor Relations Manager Mr. Mehmet Fatih Korkmaz, in compliance with the Capital Market Board's Communique on Corporate Governance (II-17.1), as the members of the Corporate Governance Committee;
Independent Board Member Dr. Melih Şükrü Ecertaş as the Chairman and Mr. Şekib Avdagiç as the Member of the Early Identification of Risks Committee;
Chairman of the Board Prof. Ahmet Bolat as the Chairman of the Executive Comittee, Prof. Mecit Eş as the Deputy Chairman of the Executive Committee, Assoc. Prof. Murat Şeker, Mr. Şekib Avdagiç and Mr. Ramazan Sarı as the Member of the Executive Committee.
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24.07.2023 - Announcement Regarding the Donation for the Earthquake Relief
Ref: Public disclosure dated 23.02.2023
Our Board of Directors decided to allocate an additional limit within the context of donations and aid that was disclosed on February 23, 2023 in order to alleviate the impact of social and economic consequences of the earthquakes which took place in Kahramanmaraş on February 6, 2023.
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14.07.2023 - Initiation of works related to establishing electronic money and payment services corporation
In order to translate Turkish Airlines' current potential into a value accretive business model considering our Incorporation's experience and power in the aviation industry and sales channels transaction volume, our Board of Directors decided to initiate necessary works to establish electronic money and payment services corporation and conduct relevant regulatory licensing processes.
...
14.07.2023 - Decision to Establish a New Company
Our Board of Directors decided to establish "AJet Hava Taşımacılığı Anonim Şirketi", a wholly-owned subsidiary of Turkish Airlines, in order to continue the operations of AnadoluJet brand as a low-cost carrier at global standards and to strengthen its competitive positioning in the market.
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12.07.2023 - Amendment to the 27th Term Collective Bargaining Agreement
Ref: Public disclosures dated 24.12.2021, 29.12.2021 and 23.01.2023
Our Incorporation and Hava-Is Union have mutually agreed on the improvements related to the 4. period (1 July 2023 - 31 December 2023) of wages and the wage increases section of the 27th Term Collective Bargaining Agreement, which covers the period between 1 January 2022 and 31 December 2023.
Accordingly, effective from 1 July 2023, a 41% wage increase will be implemented to wages on 30 June 2023 for the second half of 2023.
Respectfully announced to the public.
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06.07.2023 - June 2023 Traffic Results
Traffic results for the period of June 2023 are as follows:
• During the period of June 2023, total number of passengers carried increased by 12.1% to 7.7 million, compared to 6.9 million passengers in June 2022.
• During the period of June 2023, international to international passenger carried increased by 11.4% to 2.3 million from 2.1 million for the same period of 2022.
• L/F decreased by 0.1 points to 83.5% compared to same period of 2022. In the period of June 2023, L/F in international flights was 83.4% while L/F in domestic flights was 83.7%.
• ASK increased by 9.2% to 20.5 billion during the period of June 2023 from 18.8 billion for the same period of 2022.
• Cargo/Mail carried during the period of June 2023 decreased by 4.3% to 140.2 thousand tons from 146.5 thousand tons in the same period of 2022.
Traffic results for the period of January – June 2023 are as follows:
• During the period of January – June 2023, total number of passengers carried increased by 25.2% to 38.7 million, compared to 30.9 million passengers in the same period of 2022.
• During the period of January – June 2023, international to international passenger carried increased by 41.4% to 14 million from 9.9 million in the same period of 2022.
• L/F increased by 5.9 points to 81.5% compared to the period of January – June 2023. L/F in international flights was 81.6% while L/F in domestic flights was 81%.
• ASK increased by 22.3% to 110.9 billion during the period of January – June 2023 from 90.6 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – June 2023 decreased by 8.4% to 750.2 thousand tons from 819.3 thousand tons in the same period of 2022.
• By the end of June 2023, the number of aircraft in the fleet was 419.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
...
08.06.2023 - May 2023 Traffic Results
Traffic results for the period of May 2023 are as follows:
• During the period of May 2023, total number of passengers carried increased by 16,1% to 7,4 million, compared to 6,4 million passengers in May 2022.
• During the period of May 2023, international to international passenger carried increased by 22,2% to 2.3 million from 1.9 million for the same period of 2022.
• L/F increased by 1.8 points to 81.8% compared to same period of 2022. In the period of May 2023, L/F in international flights was 82% while L/F in domestic flights was 80.7%
• ASK increased by 13% to 19.9 billion during the period of May 2023 from 17.6 billion for the same period of 2022.
• Cargo/Mail carried during the period of May 2023 decreased by 6.6% to 134.5 thousand tons from 144 thousand tons in the same period of 2022.
Traffic results for the period of January – May 2023 are as follows:
• During the period of January – May 2023, total number of passengers carried increased by 29% to 31 million, compared to 24 million passengers in the same period of 2022.
• During the period of January – May 2023, international to international passenger carried increased by 49.2% to 11.6 million from 7.8 million in the same period of 2022.
• L/F increased by 7.5 points to 81.1% compared to the period of January – May 2023. L/F in international flights was 81.2% while L/F in domestic flights was 80.2%.
• ASK increased by 25.8% to 90.4 billion during the period of January – May 2023 from 71.9 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – May 2023 decreased by 9.6% to 608.1 thousand tons from 672.8 thousand tons in the same period of 2022.
• By the end of May 2023, the number of aircraft in the fleet was 417.
Please note that above data do not include free of charge flights operated between February 6 and May 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 36 thousand tons of aid materials to the affected area.
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25.05.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 299,000 nominal value were bought back on May 25, 2023 within a price range of TL 133.10 – TL 134.80 (weighted average TL 133.74) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares have reached TL 4,485,800 which represents %0.325058 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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23.05.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 150,000 nominal value were bought back on May 23, 2023, within a price range of TL 133.50 – TL 134.60 (weighted average TL 134.05) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 4,186,800 which represents %0.303391 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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22.05.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. The Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 155,000 nominal value were bought back on May 22, 2023 within a price range of TL 133.90 – TL 135.50 (weighted average TL 134.83) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares have reached TL 4,036,800 which represents %0.292522 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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18.05.2023 - Sale of our Incorporation's shares in Vergi İade Aracılık A.Ş.
Regarding the sales transaction announced in our material event disclosure dated 07.03.2023, an agreement was reached with VK Holding A.Ş. and Maslak Otomotiv Sanayi ve Ticaret A.Ş. ("Buyers") for the sale of our Incorporation's 30% ownership with 900,000 shares in our subsidiary Vergi İade Aracılık A.Ş. ("VIA"), which has TL 3,000,000 Turkish Lira paid-in capital. To that end, share transfer agreement had been signed with the Buyers and closing procedures for the share transfer have been completed on 18.05.2023.
The decision of the Incorporation's Board of Directors regarding the transaction was taken unanimously by all members of the Board of Directors, including independent members.
In case of any discrepancy in the English translation of this disclosure, the Turkish version will be accepted as the basis.
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15.05.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 495,000 nominal value were bought back on May 15, 2023, within a price range of TL 126.40 – TL 133.70 (weighted average TL 130.27) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 3,881,800 which represents %0.281290 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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12.05.2023 - Our Incorporation's Aircraft Orders As Part of Its Strategic Plan
Ref: Our Public Disclosure dated 13.04.2023
As part of the growth targets set forth in the Strategic Plan covering between 2023-2033 period, our Incorporation decided to initiate talks with the aircraft and engine manufacturers in order to procure around 600 aircraft (including options) comprising 200 wide-body and 400 narrow-body aircraft.
Respectfully announced to the public.
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11.05.2023 - Turkish Airlines and Garanti Bank, Miles&Smiles Credit Card agreement
A new agreement has been signed between our Incorporation and Garanti Bank, with the aim of maintaining the partnership of Miles&Smiles Credit Card for THY FFP members within the scope of THY Frequent Flyer Program, until 1 April 2028.
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10.05.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 196,000 nominal value were bought back on May 10, 2023 within a price range of TL 127.00 – TL 127.90 (weighted average TL 127.56) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares have reached TL 3,386,800 which represents %0,245420 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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09.05.2023 - April 2023 Traffic Results
Traffic results for the period of April 2023 are as follows:
• During the period of April 2023, total number of passengers carried increased by 31% to 6.5 million, compared to 5 million passengers in April 2022.
• During the period of April 2023, international to international passenger carried increased by 32.3% to 2.4 million from 1.8 million for the same period of 2022.
• L/F increased by 5.3 points to 79.8% compared to same period of 2022. In the period of April 2023, L/F in international flights was 79.7% while L/F in domestic flights was 80%
• ASK increased by 21.4% to 18.7 billion during the period of April 2023 from 15.4 billion for the same period of 2022.
• Cargo/Mail carried during the period of April 2023 decreased by 17.3% to 121 thousand tons from 146.4 thousand tons in the same period of 2022.
Traffic results for the period of January – April 2023 are as follows:
• During the period of January – April 2023, total number of passengers carried increased by 33.6% to 23.6 million, compared to 17.7 million passengers in the same period of 2022.
• During the period of January – April 2023, international to international passenger carried increased by 58.4% to 9.3 million from 5.9 million in the same period of 2022.
• L/F increased by 9.4 points to 80.8% compared to the period of January – April 2023. L/F in international flights was 80.9% while L/F in domestic flights was 80.1%.
• ASK increased by 29.9% to 70.5 billion during the period of January – April 2023 from 54.2 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – April 2023 decreased by 10.4% to 473.7 thousand tons from 528.7 thousand tons in the same period of 2022.
• By the end of April 2023, the number of aircraft in the fleet was 414.
Please note that above data do not include free of charge flights operated between February 6 and April 30 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During this period, our Incorporation carried 433 thousand search & rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 35 thousand tons of aid materials to the affected area.
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09.05.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 155,000 nominal value were bought back on May 09, 2023, within a price range of TL 129.30 – TL 130.10 (weighted average TL 129.87) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 3,190,800 which represents %0.231217 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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03.05.2023 - 1Q 2023 Financial Results
The Incorporation has announced its consolidated financial results for the first quarter of 2023. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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02.05.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 320,000 nominal value were bought back on May 02, 2023, within a price range of TL 126.00 – TL 128.50 (weighted average TL 127.18) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 3,035,800 which represents %0.219986 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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26.03.2023 - Initiation of a New Residential Project
Ref: Our Public Disclosures dated 29.05.2018 and 12.08.2022
Our Board of Directors approved the initiation of a new residential project on a land equally owned by Turkish Airlines and Emlak Konut Real Estate Investment Company. The land has an area of 3.6 million square meters and located in the Dursunköy neighborhood of Arnavutköy, Istanbul.
The project will feature a total of 14,000 houses to be built in stages and the sales process will be managed by Emlak Konut Real Estate Investment Company. At least 3,000 of the houses will be sold to the employees of Turkish Airlines and its subsidiaries. Our Incorporation will determine the allocation of these houses through a lottery process.
Respectfully announced to the public.
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26.04.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. The Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 231,000 nominal value were bought back on April 26, 2023, within a price range of TL 128.90 – TL 130.60 (weighted average TL 129.83) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 2,715,800 which represents %0.196797 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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13.04.2023 - Turkish Airline's Strategy and Targets for 2023-2033 Period
Growing significantly higher than the industry average over the last 20 years while having significant contributions to Türkiye's economy and labor market, Turkish Airlines is pleased to announce its strategic targets pertaining to the 100th year of its establishment.
Determined in line with our vision for 2033, the strategic focus areas that aim to generate significant value for our stakeholders are as follows:
• Achieving consolidated revenue of over 50 billion USD by 2033,
• Attaining an EBITDAR margn between 20% and 25% during 2023-2033,
• Improving efficiency, maintaining cost discipline and creating new opportunities to generate additional revenues in order to sustain our strong financial performance,
• Contributing 140 billion USD of added value to Türkiye's economy by 2033,
• Expanding our fleet to 435 aircraft by 2023 and to over 800 aircraft by 2033; growing our passenger network to 400 destinations,
• Doubling the passenger capacity in 2023 by 2033 with an annual average growth rate of 7%,
• Servicing 170 million passengers by 2033 compared to over 85 million in 2023,
• Reaching 150 thousand employees including our subsidiaries,
• Doubling the transported cargo volume and positioning Turkish Cargo among the top three cargo carriers globally by 2033; leveraging the capabilities of our cargo hub, SmartIST, which is one of the largest air cargo terminals in the world,
• Establishing our low-cost arm AnadoluJet as a separate subsidiary; repositioning its brand, restructuring its revenue and cost structures, and reaching a fleet size of 200 new generation aircraft to strengthen its competitive positioning,
• Improving customer experience and brand recognition by:
– Providing each passenger a customized service across all service channels
– Completing cabin transformation to enhance in-flight experience
– Growing further Miles & Smiles loyalty program and increasing the number of active members
– Ranking among the top 3 airlines globally in providing the best digital experience by implementing new projects in digital transformation
• To become a sustainable airline by:
– Increasing the number of new generation aircraft in the fleet
– Increasing the consumption of sustainable aviation fuel
– Expanding the number of LEED certified buildings to boost renewable energy usage
– Becoming a "Carbon Neutral" airline by 2050 through the implementation of carbon emission offsetting projects
Together with its subsidiaries, with employing more than 75,000 people, Turkish Airlines will continue to proudly fly Türkiye's national flag in the coming 10 years with its unique network, modern fleet and remarkable financial performance.
Respectfully announced to the public.
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06.04.2023 - S&P Credit Rating
International Credit Agency Standart & Poor's (S&P) affirmed long-term issuer credit rating of Turkish Airlines as "B" and revised the outlook as negative.
S&P has also affirmed ‘B' rating on our USD-denominated Enhanced Equipment Trust Certificate (EETC) issued in 2015.
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06.04.2023 - March 2023 Traffic Results
Traffic results for the period of March 2023 are as follows:
• During the period of March 2023, total number of passengers carried increased by 27.5% to 6.1 million, compared to 4,8 million passengers in March 2022.
• During the period of March 2023, international to international passenger carried increased by 67.8% to 2.5 million from 1.5 million for the same period of 2022.
• L/F increased by 6.1 points to 81.9% compared to same period of 2022. In the period of March 2023, L/F in international flights was 82.3% while L/F in domestic flights was 77.7%
• ASK increased by 32.4% to 18.3 billion during the period of March 2023 from 13.8 billion for the same period of 2022.
• Cargo/Mail carried during the period of March 2023 decreased by 7.5% to 132.1 thousand tons from 142.7 thousand tons in the same period of 2022.
Please note that above data do not include free of charge transportations operated between March 1 and 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During March, our Incorporation transported 13 thousand tons of aid materials to the affected area.
Traffic results for the period of January – March 2023 are as follows:
• During the period of January – March 2023, total number of passengers carried increased by 34.7% to 17.1 million, compared to 12.7 million passengers in the same period of 2022.
• During the period of January – March 2023, international to international passenger carried increased by 71.4% to 6.8 million from 4 million in the same period of 2022.
• L/F increased by 11.1 points to 81.3% compared to the period of January – March 2023. L/F in international flights was 81.4% while L/F in domestic flights was 80.1%.
• ASK increased by 33.3% to 51.8 billion during the period of January – March 2023 from 38,8 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – March 2023 decreased by 7.7% to 353 thousand tons from 382.4 thousand tons in the same period of 2022.
• By the end of March 2023, the number of aircraft in the fleet was 411.
Please note that above data do not include free of charge flights operated between February 6 and March 31 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During February, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 29 thousand tons of aid materials to the affected area.
...
04.04.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 252,000 nominal value were bought back on April 03, 2023 within a price range of TL 116.00 – TL 120.00 (weighted average TL 117.62) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares have reached TL 2,484,800 which represents %0.180058 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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29.03.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 168.000 nominal value were bought back on March 29, 2023, within a price range of TL 118,00 – TL 120,00 (weighted average TL 119,07) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 2,232,800 which represents %0.161797 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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21.03.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 650,000 nominal value were bought back on March 21, 2023, within a price range of TL 123.00 – TL 124.50 (weighted average TL 123.72) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 2,064,800 which represents %0,149623 of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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16.03.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 310,000 nominal value were bought back on March 16, 2023, within a price range of TL 130.30 – TL 131.70 (weighted average TL 131.05) per share on Borsa Istanbul by our Incorporation.
Total nominal value of repurchased shares has reached TL 1,414,800 which represents 0.102522% of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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10.03.2023 - February 2023 Traffic Results
Traffic results for the period of February 2023 are as follows:
• During the period of February 2023, total number of passengers carried was 4.9 million, compared to 4 million passengers in February 2022.
• During the period of February 2023, international to international passenger carried increased by 69.7% to 2.1 million from 1.2 million for the same period of 2022.
• L/F stood at 81.3%. In the period of February 2023, L/F in international flights was 81.3% while L/F in domestic flights was 80.5%
• ASK increased by 28% to 15.4 billion during the period of February 2023 from 12 billion for the same period of 2022.
• Cargo/Mail carried during the period of February 2023 decreased by 14.7% to 101.8 thousand tons from 119.3 thousand tons in the same period of 2022.
Traffic results for the period of January – February 2023 are as follows:
• During the period of January – February 2023, total number of passengers carried was 10.9 million, compared to 7.9 million passengers in the same period of 2022.
• During the period of January – February 2023, international to international passenger carried increased by 71.5% to 4.3 million from 2.5 million in the same period of 2022.
• L/F stood at 80.9% in the period of January – February 2023. L/F in international flights was 80.9% while L/F in domestic flights was 81.6%.
• ASK increased by 33.7% to 33.5 billion during the period of January – February 2023 from 25 billion for the same period of 2022.
• Cargo/Mail carried during the period of January – February 2023 decreased by 7.9% to 220.8 thousand tons from 239.6 thousand tons in the same period of 2022.
• By the end of February 2023, the number of aircraft in the fleet was 400.
Please note that above data do not include free of charge flights operated between February 6 and 28 within the scope of relief efforts related to the earthquakes centered in Kahramanmaraş. During February, our Incorporation carried 433 thousand search&rescue teams and citizens to the region, evacuated 430 thousand citizens from the region and transported 16 thousand tons of aid materials to the affected area.
...
07.03.2023 - Sale of our Incorporation's shares in Vergi İade Aracılık A.Ş.
In line with the long-term strategic goals of the Incorporation, our Board of Directors decided to sell Incorporation's 30.00% ownership in our subsidiary, Vergi İade Aracılık A.Ş, which operates outside the core business activities of the Incorporation.
Important developments regarding the subject will be shared with our investors.
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06.03.2023 - Decision to Establish a New Company
On 22.02.2023, our Incorporation had announced the establishment of "THY Destek Hizmetleri A.Ş." as a 100% Turkish Airlines subsidiary in order to meet the support service needs of our Incorporation's and subsidiaries' out of core business activities, including but not limited to cleaning, safety, facility management, financial affairs, flight and ground handling services, and operational and organizational services. The procedures regarding the establishment of "THY Destek Hizmetleri A.Ş." were completed as of 06.03.2023 upon the registration by Istanbul Trade Registry Office.
Kindly announced to the public.
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03.03.2023 - Notification Regarding Share Buy-Back
Within the scope of the share buy-back program, THYAO shares with TL 287,000 nominal value were bought back on March 03, 2023, within a price range of TL 137.80 – TL 139.20 (weighted average TL 138.45) per share on Borsa Istanbul by our Incorporation.
Total nominal value of repurchased shares has reached TL 1,104,800 which represents 0.080058% of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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01.03.2023 - Related Party Transactions
The conclusion section of the "Common and Continuous Related Party Transactions Report" prepared by the Board of Directors as per Article 10 of the Capital Markets Board's Communique No. II-17.1 on Corporate Governance is provided below for the information of our shareholders.
Conclusion Section of the Report on Related Party Transactions:
Due to the fact that the rate of the amount of common and continuous fuel supply / purchasing transactions executed between Turkish Airlines and TFS Akaryakıt Hizmetleri A.Ş. exceeded 10%, compared to the cost of sales in 2022 financial statements disclosed to public; it is foreseen that transactions with similar features are expected to continue in compliance with the determined principles in 2023 as well. These transactions mentioned in the aforementioned report are considered to be made consistent with the transactions of previous years and at-arm's length when compared with market conditions.
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01.03.2023 - Notification Regarding Dividend Payment
According to the consolidated financial statements belonging to the accounting period of 01.01.2022-31.12.2022 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is 47,432,000,000 TRY. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law, due to the differences between Turkish Accounting standards and IFRS standards) the net profit of the period is 21,651,606,080 TRY and previous years' loss account has a balance of 63,236,726,739 TRY. The following resolution will be submitted to the approval of the General Assembly:
The profit amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net profit of 47,432,000,000 TRY (according to IFRS) will be transferred to the previous years' profit account. Attached you may find the 2022 Profit Distribution Table.
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24.02.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 212,000 nominal value were bought back on February 24, 2023, within a price range of TL 135.20 – TL 136.50 (weighted average TL 135.74) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 817,800 which represents 0.05926% of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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23.02.2023 - Announcement Regarding the Donation for the Earthquake Relief
Our Incorporation has been conducting its operations in close coordination with our country's authorized institutions in order to alleviate the impact of social and economic consequences of the consecutive earthquakes which took place in Kahramanmaraş on February 6, 2023, that caused a huge devastation and loss of lives. In this respect, our Board of Directors decided to make following donations to within the scope of relief efforts in the affected area:
1- Operating free of charge passenger and cargo flights to/from the earthquake-affected region to transport national and international search and rescue teams, equipment and emergency aid supplies,
2- Bearing the cost of evacuation flights and all the external resource costs related to these flights,
3- 2 billion Turkish Liras in cash to Ministry of Interior Disaster and Emergency Management Presidency ("AFAD"),
4- Pursuing all necessary work and procedures for the construction of 1,000 homes to be built in the earthquake-affected region in coordination with the Ministry of Environment, Urbanization and Climate Change, AFAD and other authorized institutions in our country,
5- In-kind and cash donations in this period.
We sincerely share the pain of our country, express our deepest condolences for our citizens and wish a quick recovery to those injured by the earthquake.
Respectfully announced to the public.
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22.02.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 215,000 nominal value were bought back on February 22, 2023, within a price range of TL 136.60 – TL 137.10 (weighted average TL 136.79) per share on Istanbul Stock Exchange by our Incorporation.
Total nominal value of repurchased shares has reached TL 605,800 which represents 0.043899% of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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22.02.2023 - Decision to Establish a New Company
Our Board of Directors decided to establish "THY Destek Hizmetleri A.Ş." as a 100% Turkish Airlines subsidiary in order to meet support service needs out of our Incorporation and subsidiaries core business activities, such as cleaning, safety, facility management, financial affairs, flight and ground handling services, operational and organizational services.
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17.02.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to launch a share buy-back program. Board Decision was disclosed on Public Disclosure Platform on the same date.
Within the scope of the share buy-back program, THYAO shares with TL 390,800 nominal value were bought back on February 17, 2023 within a price range of TL 136.60 – TL 141.00 (weighted average of TL 140.16) per share on Istanbul Stock Exchange by Our Incorporation.
Total nominal value of repurchased shares have reached TL 390,800 which represents 0.0283% of the Incorporation's capital, following the transaction.
Kindly announced to the public.
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15.02.2023 - Merger of Our Subsidiaries TSI, TCI and Cornea
On our 04.11.2022 dated announcement, regarding the merger of our subsidiaries established for the design, production, marketing, and sales of cabin interior products, Uçak Koltuk Üretim Sanayi ve Ticaret A.Ş. ("TSI") and Cornea Havacılık Sistemleri Sanayi ve Ticaret A.Ş. ("Cornea") were dissolved without liquidation in accordance with the 136th and other relevant provisions of the Turkish Commercial Code, and TCI Kabin İçi Sistemleri Sanayi ve Ticaret A.Ş. ("TCI") to take over TSI and Cornea with all its assets and liabilities is completed.
Upon completion of the merger, TCI's paid-in capital increased from TL 94,000,000 to TL 172,268,000 through the takeover of TSI and Cornea. The shareholding structure following the merger is as follows;
Shareholding Structure
Share (%)
Türk Hava Yolları A.O.
59.25%
Türk Hava Yolları Teknik A.Ş.
20.84%
TUSAŞ -Türk Havacılık ve Uzay Sanayii A.Ş.
17.00%
HAVELSAN Hava Elektronik Sanayi ve Ticaret A.Ş.
2.91%
TOTAL
100%
According to this post-merger shareholding structure, TCI, which was previously consolidated using the Equity method, will be fully consolidated in our financial statements in the following periods.
The merger has been registered with the Istanbul Trade Registry Office on 15.02.2023.
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14.02.2023 - January 2023 Traffic Results
Traffic results for the period of January 2023 are as follows:
• During the period of January 2023, total number of passengers carried was 6.1 million, compared to 3.9 million passengers in January 2022.
• During the period of January 2023, international to international passenger carried was 2.3 million compared to 1.3 million in the same period of 2022.
• L/F stood at 80.7%. In the period of January 2023, L/F in international flights was 80.5% while L/F in domestic flights was 82.3%
• ASK increased by 39% to 18.1 billion during the period of January 2023 from 13 billion for the same period of 2022.
• Cargo/Mail carried during the period of January 2023 recorded as 118.9 thousand tons compared to 120.3 thousand tons in January 2022.
• By the end of January 2023, the number of aircraft in the fleet was 393.
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14.02.2023 - Notification Regarding Share Buy-Back
In accordance with the Capital Market Board's Communique II-22.1 on Share Buy-backs and the related announcement dated 14.02.2023, in order to contribute to the fair price formation of our share, our Board of Directors decided to;
- Launch a Share Buy-back program covering 3 calendar years,
- Allocate a maximum of 9,000,000,000 TL for share buy-backs from our cash portfolio, while limiting the number of shares that may be subject to buy-back be at most 5% of the issued share capital,
- Inform the shareholders about buy-back transactions in the first upcoming General Assembly.
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10.02.2023 - Fitch Credit Rating
Due to our stronger than expected performance The International Credit Rating Agency Fitch raised our Incorporations Long-Term Foreign and Local-Currency Issuer Default Ratings (IDR) to ‘B+' from 'B', one-notch above Türkiye's sovereign rating. The outlook is also affirmed as negative.
Fitch has also affirmed BB- rating on our USD-denominated Enhanced Equipment Trust Certificate (EETC) issued in 2015.
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23.01.2023 - Amendments to the 27th Term Collective Bargaining Agreement
Ref: Public disclosures dated 24.12.2021 and 29.12.2021
Our Incorporation and Hava-Is Union have mutually agreed on the improvements related to the wage and social welfare contribution sections of the 27th Term Collective Bargaining Agreement, which covers the period between 1 January 2022 and 31 December 2023.
Accordingly, the wage increase for the first half of 2023 will be 4.6% plus the Consumer Price Index change between June 2022 and December 2022 which was published by the Turkish Statistical Institute.
Respectfully announced to the public.
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06.01.2023 - December 2022 Traffic Results
Traffic results for the period of December 2022 are as follows:
• During the period of December 2022, total number of passengers carried was 5.5 million, compared to 5.5 million passengers in December 2019.
• L/F stood at 81.6%. In the period of December 2022, L/F in international flights was 81.6% while L/F in domestic flights was 81.3%
• ASK increased by 7.3% to 16.6 billion during the period of December 2022 from 15.4 billion for the same period of 2019.
• Cargo/Mail carried during the period of December 2022 recorded as 137.5 thousand tons compared to 138.4 thousand tons in December 2019.
Traffic results for the period of January – December 2022 are as follows:
• During the period of January – December 2022, total number of passengers carried was 71.8 million, compared to 74.3 million passengers in the same period of 2019.
• During the period of January – December 2022, international to international passenger carried was 23.2 million compared to 24.6 million in the same period of 2019.
• L/F stood at 80.6% in the period of January – December 2022. L/F in international flights was 80.1% while L/F in domestic flights was 85.8%.
• ASK increased by 7.5% to 201.7 billion during the period of January – December 2022 from 187.7 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – December 2022 increased by 8.7% to 1.7 million tons from 1.5 million tons in the same period of 2019.
• By the end of December 2022, the number of aircraft in the fleet was 394.
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09.12.2022 - Completion of Uçak Koltuk Üretimi San. ve Ticaret A.Ş. Share Purchase
Within the scope of merging our cabin interior areas and products manufacturing subsidiaries, Our Incorporation has completed the pre-conditions to acquire %50 shares of our subsidiary Uçak Koltuk Üretimi San. ve Tic. A.Ş. ("TSI"), in which Turkish Airlines owns %50 shares directly and indirectly, from Kibar Holding A.Ş. The closing procedures for the transfer of the remaining %50 shares in TSI were completed on 8.12.2022.
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08.12.2022 - November 2022 Traffic Results
Traffic results for the period of November 2022 are as follows:
• During the period of November 2022, total number of passengers carried was 5.8 million, compared to 5.7 million passengers in November 2019.
• L/F stood at 83.1%. In the period of November 2022, L/F in international flights was 83% while L/F in domestic flights was 84.2%
• ASK increased by 8.3% to 16.2 billion during the period of November 2022 from 15 billion for the same period of 2019.
• Cargo/Mail carried during the period of November 2022 recorded as 137.5 thousand tons compared to 145 thousand tons in November 2019.
Traffic results for the period of January – November 2022 are as follows:
• During the period of January – November 2022, total number of passengers carried was 66.3 million, compared to 68.8 million passengers in the same period of 2019.
• During the period of January – November 2022, international to international passenger carried was 20.8 million compared to 22.4 million in the same period of 2019.
• L/F stood at 80.5% in the period of January – November 2022. L/F in international flights was 79.9% while L/F in domestic flights was 86.2%.
• ASK increased by 7.5% to 185.2 billion during the period of January – November 2022 from 172.3 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – November 2022 increased by 9.6% to 1.5 million tons from 1.4 million tons in the same period of 2019.
• By the end of November 2022, the number of aircraft in the fleet was 393.
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28.11.2022 - Moody's Credit Rating
The International Credit Agency Moody's raised baseline credit assessment (BCA) of Turkish Airlines by one notch to ‘b3‘ from ‘caa1' based on our Incorporation's operational performance compared to the peers in EMEA region. The Agency affirmed our B3 (stable) corporate family rating (CFR) at the sovereign rating level.
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09.11. 2022 - October 2022 Traffic Results
Traffic results for the period of October 2022 are as follows:
• During the period of October 2022, total number of passengers carried was 6.6 million, compared to 6.6 million passengers in October 2019.
• L/F stood at 85.2%. In the period of October 2022, L/F in international flights was 85.1% while L/F in domestic flights was 85.7%
• ASK increased by 8% to 18 billion during the period of October 2022 from 16.6 billion for the same period of 2019.
• Cargo/Mail carried during the period of October 2022 decreased by 0.3% to 143.4 thousand tons from 143.9 thousand tons in October 2019.
Traffic results for the period of January – October 2022 are as follows:
• During the period of January – October 2022, total number of passengers carried was 60.5 million, compared to 63.1 million passengers in the same period of 2019.
• During the period of January – October 2022, international to international passenger carried was 18.8 million compared to 20.4 million in the same period of 2019.
• L/F stood at 80.3% in the period of January – October 2022. L/F in international flights was 79.6% while L/F in domestic flights was 86.5%.
• ASK increased by 7.4% to 168.9 billion during the period of January – October 2022 from 157.3 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – October 2022 increased by 11.2% to 1.4 million tons from 1.3 million tons in the same period of 2019.
• By the end of October 2022, the number of aircraft in the fleet was 388.
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04.11.2022 - Merger and acquisitions of our subsidiaries TSI, TCI and Cornea
Our Incorporation had carried out preliminary works to merge together Turkish Cabin Interior Systems Inc. ("TCI"), established in order to design, manufacture, market and sell aircraft cabin interior systems and components, in which 30% of the stakes are held by Turkish Airlines Inc. ("Incorporation"), TSI Aviation Seats Inc. ("TSI"), established in order to design, manufacture, market and sell airline seats, in which 45% of the stakes are owned by Turkish Airlines Inc., and Cornea Aviation Systems Industry and Commerce Inc. ("Cornea"), established in order to design, manufacture, market, sell and post-purchase service of in-flight entertainment systems and internet service, in which 80% of the shares are owned by Turkish Technic Inc, wholly owned by our Incorporation. As a result, our Incorporation decided to;
1. merge TSI, TCI and Cornea together under TCI
2. purchase 50% of TSI stakes, owned by Kibar Holding Inc.
3. purchase 20% of Cornea stakes, owned by Havelsan Hava Elektronik Sanayi ve Ticaret Inc..
To that end, processes related to these merger and acquisitions have been started and further developments will be disclosed to the public.
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04.11.2022 - Non-current Financial Asset Acquisition
Following our material event disclosure dated 04/11/2022 within the scope of merging our cabin interior areas and products manufacturing subsidiaries, Our Incorporation has decided to acquire %50 shares of our subsidiary Uçak Koltuk Üretimi San. ve Tic. A.Ş. ("TSI"), currently owns %50 shares directly and indirectly, from Kibar Holding A.Ş, and signed a share purchase agreement for the transfer of the remaining %50 shares in TSI. An application to the Turkish Competition Authority will be made in the upcoming days.
Parties target the completion date of the transaction within the fourth quarter of 2022 and it is subject to closing conditions being met including approval from regulatory authorities.
The Board resolution pertaining to the approval of the agreement was taken unanimously.
Any material developments with respect to this disclosure will be further shared with the public.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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02.11.2022 - 3Q 2022 Financial Results
The Incorporation has announced its consolidated financial results for the third quarter of 2022. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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25.10.2022 - JCR Eurasia Credit Rating
Credit Rating Agency JCR Eurasia has evaluated Turkish Airlines in the highest investment-level category and affirmed the Long-Term National Issuer Credit Rating as ‘AAA(tr)' and assigned the Short-Term National Issuer Credit Rating as ‘J1+ (tr)' with ‘Stable' outlooks. Additionally, our Incorporation's Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks were assigned as ‘BB/Negative'.
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07.10.2022 - S&P Credit Rating
The International Credit Agency Standard & Poor's (S&P) raised the stand-alone credit profile of Turkish Airlines by two notches to ‘bb-‘ from ‘b' based on our Incorporation's outstanding operational agility and performance compared to the peers. The Agency affirmed our B (stable) issuer credit rating at the sovereign rating level.
S&P has also affirmed ‘B(sf)' rating on our USD-denominated Enhanced Equipment Trust Certificate (EETC) issued in 2015.
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07.10.2022 - September 2022 Traffic Results
Traffic results for the period of September 2022 are as follows:
During the period of September 2022, total number of passengers carried was 7.3 million, compared to 6.7 million passengers in September 2019.
L/F stood at 85.4%. In the period of September 2022, L/F in international flights was 84.9% while L/F in domestic flights was 90.2%
ASK increased by 15.9% to 19.3 billion during the period of September 2022 from 16.7 billion for the same period of 2019.
Cargo/Mail carried during the period of September 2022 increased by 7.6% to 145 thousand tons from 135 thousand tons in September 2019.
Traffic results for the period of January - September 2022 are as follows:
During the period of January – September 2022, total number of passengers carried was 53.9 million, compared to 56.4 million passengers in the same period of 2019.
During the period of January – September 2022, international to international passenger carried was 16.8 million compared to 18.2 million in the same period of 2019.
L/F stood at 79.7% in the period of January – September 2022. L/F in international flights was 79% while L/F in domestic flights was 86.6%.
ASK increased by 7.3% to 150.9 billion during the period of January – September 2022 from 140.6 billion for the same period of 2019.
Cargo/Mail carried during the period of January – September 2022 increased by 12.7% to 1.3 million tons from 1.1 million tons in the same period of 2019.
By the end of September 2022, the number of aircraft in the fleet was 390.
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08.09.2022 - August 2022 Traffic Results
Traffic results for the period of August 2022 are as follows:
• During the period of August 2022, total number of passengers carried was 7.8 million, compared to 7.4 million passengers in August 2019.
• L/F stood at 86.1%. In the period of August 2022, L/F in international flights was 85.3% while L/F in domestic flights was 93.7%
• ASK increased by 14.2% to 20.4 billion during the period of August 2022 from 17,9 billion for the same period of 2019.
• Cargo/Mail carried during the period of August 2022 increased by 13.5% to 148 thousand tons from 130 thousand tons in August 2019.
Traffic results for the period of January - August 2022 are as follows:
• During the period of January – August 2022, total number of passengers carried was 46.6 million, compared to 49.7 million passengers in the same period of 2019.
• During the period of January – August 2022, international to international passenger carried was 14.6 million compared to 16 million in the same period of 2019.
• L/F stood at 78.9% in the period of January – August 2022. L/F in international flights was 78.1% while L/F in domestic flights was 86.1%.
• ASK increased by 6.1% to 131.6 billion during the period of January – August 2022 from 123.9 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – August 2022 increased by 13.3% to 1.1 million tons from 982 thousand tons in the same period of 2019.
• By the end of August 2022, the number of aircraft in the fleet was 387.
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12.08.2022 - Notification Regarding Merger
Ref: Public disclosure dated 28.04.2022
Our Incorporation's application for the merger by acquisition of THY Havaalanı Gayrimenkul ve İşletme Anonim Şirketi, 100% subsidiary of our Incorporation is approved by Capital Markets Board on 16.06.2022. Merger transaction is registered by Trade Registry Office on 09.08.2022. Documents regarding merger transactions are attached.
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10.08.2022 - 2Q 2022 Financial Results
The Incorporation has announced its consolidated financial results for the second quarter of 2022. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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10.08.2022 - July 2022 Traffic Results
Traffic results for the period of July 2022 are as follows:
• During the period of July 2022, total number of passengers carried was 7.8 million, compared to 7.1 million passengers in July 2019.
• L/F stood at 86.1%. In the period of July 2022, L/F in international flights was 85.6% while L/F in domestic flights was 90.1%
• ASK increased by 18.5% to 20.5 billion during the period of July 2022 from 17,3 billion for the same period of 2019.
• Cargo/Mail carried during the period of July 2022 increased by 8.6% to 146 thousand tons from 135 thousand tons in July 2019.
Traffic results for the period of January - July 2022 are as follows:
• During the period of January – July 2022, total number of passengers carried was 38.7 million, compared to 42.2 million passengers in the same period of 2019.
• During the period of January – July 2022, international to international passenger carried was 12.2 million compared to 13.5 million in the same period of 2019.
• L/F stood at 77.5% in the period of January – July 2022. L/F in international flights was 76.7% while L/F in domestic flights was 84.8%.
• ASK increased by 4.8% to 111.1 billion during the period of January – July 2022 from 106 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – July 2022 increased by 13.3% to 965 thousand tons from 852 thousand tons in the same period of 2019.
• By the end of July 2022, the number of aircraft in the fleet was 386.
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19.07.2022 - Fitch Credit Rating
Being one of the fastest recovering airlines during the pandemic, our Incorporation continues perform strongly in 2022 as well. On the contrary, international credit agency Fitch affirmed long-term foreign and local currency IDR (issuer default rating) of our Incorporation as "B" and revised its outlook from stable to negative due to the downgrade of Türkiye's foreign currency long term IDR. Fitch also downgraded the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificates (EETC), which have been issued in 2015, by one notch to "BB-".
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08.07.2022 - June 2022 Traffic Results
Traffic results for the period of June 2022 are as follows:
• During the period of June 2022, total number of passengers carried was 6.9 million, compared to 6.6 million passengers in June 2019.
• L/F stood at 83.6%. In the period of June 2022, L/F in international flights was 83.2% while L/F in domestic flights was 87.2%
• ASK increased by 17.2% to 18.8 billion during the period of June 2022 from 16 billion for the same period of 2019.
• Cargo/Mail carried during the period of June 2022 increased by 17.7% to 146 thousand tons from 124 thousand tons in June 2019.
Traffic results for the period of January - June 2022 are as follows:
• During the period of January – June 2022, total number of passengers carried was 30.9 million, compared to 35.1 million passengers in the same period of 2019.
• During the period of January – June 2022, international to international passenger carried was 9.8 million compared to 11.2 million in the same period of 2019.
• L/F stood at 75.6% in the period of January – June 2022. L/F in international flights was 74.7% while L/F in domestic flights was 83.6%.
• ASK increased by 2.1% to 90.6 billion during the period of January – June 2022 from 88.8 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – June 2022 increased by 14.1% to 819 thousand tons from 717 thousand tons in the same period of 2019.
• By the end of June 2022, the number of aircraft in the fleet was 380.
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09.06.2022 - May 2022 Traffic Results
Traffic results for the period of May 2022 are as follows:
• During the period of May 2022, total number of passengers carried was 6.3 million, compared to 5.9 million passengers in May 2019.
• L/F stood at 80%. In the period of May 2022, L/F in international flights was 79.5% while L/F in domestic flights was 83.7%
• ASK increased by 12.6% to 17.6 billion during the period of May 2022 from 15.6 billion for the same period of 2019.
• Cargo/Mail carried during the period of May 2022 increased by 11.3% to 144 thousand tons from 129 thousand tons in May 2019.
Traffic results for the period of January - May 2022 are as follows:
• During the period of January – May 2022, total number of passengers carried was 24 million, compared to 28.5 million passengers in the same period of 2019.
• During the period of January – May 2022, international to international passenger carried was 7.7 million compared to 9.3 million in the same period of 2019.
• L/F decreased by 6.5 points to 73.5%, compared to the same period of 2019. L/F in international flights was 72.5% while L/F in domestic flights was 82.8%.
• ASK decreased by 1.2% to 71.8 billion during the period of January – May 2022 from 72.7 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – May 2022 increased by 13.4% to 673 thousand tons from 593 thousand tons in the same period of 2019.
• By the end of May 2022, the number of aircraft in the fleet was 376.
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12.05.2022 - April 2022 Traffic Results
Traffic results for the period of April 2022 are as follows:
• During the period of April 2022, total number of passengers carried was 5 million, compared to 5.9 million passengers in April 2019.
• L/F stood at 74.5%.
• Cargo/Mail carried during the period of April 2022 increased by 48.5% to 146,224 tons from 98,442 tons in April 2019.
Traffic results for the period of January - April 2022 are as follows:
• During the period of January – April 2022, total number of passengers carried was 17.6 million, compared to 22.7 million passengers in the same period of 2019.
• L/F decreased by 9.3 points to 71.4%, compared to the same period of 2019.
• ASK decreased by 5% to 54.2 billion during the period of January – April 2022 from 57.1 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – April 2022 increased by 13.9% to 528,631 tons from 463,989 tons in the same period of 2019.
• By the end of April 2022, the number of aircraft in the fleet was 372.
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11.05.2022 - Moody's Credit Rating
On 10.05.2022, international credit agency Moody's affirmed corporate family rating (CFR) of Turkish Airlines as ‘B3' and revised the outlook from negative to stable based on improving operating metrics and demand. Moody's also affirmed the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificate (EETC), which has been issued in 2015, as ‘B2' and revised its outlook from negative to stable. Additionally, the credit rating agency downgraded the rating of the JPY-denominated Class A Enhanced Equipment Trust Certificate (EETC) to B1 from Ba3, positioning it one notch above the country foreign currency rating ceiling.
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28.04.2022 - Notification Regarding Merger
Our Incorporation submitted its application to the Capital Markets Board on 28.04.2022 for the approval of the merger by acquisition of THY Havaalanı Gayrimenkul ve İşletme Anonim Şirketi, 100% subsidiary of our Incorporation. The aforementioned merger by acquisiton procedure is regulated in the Communique of Capital Markets Board on Merger and Demerger numbered II-23.2, the articles 136-158 of the Turkish Commercial Code numbered 6102 and the articles 18,19 and 20 of the Corporate Tax Law numbered 5520. Documents regarding merger transactions are attached.
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28.04.2022 - 1Q 2022 Financial Results
The Incorporation has announced its consolidated financial results for the for the first quarter of 2022. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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11.04.2022 - March 2022 Traffic Results
Traffic results for the period of March 2022 are as follows:
• During the period of March 2022, total number of passengers carried was 4.8 million, compared to 5.9 million passengers in March 2019.
• L/F stood at 75.8%.
• Cargo/Mail carried during the period of March 2022 increased by 2% to 142,526 tons from 139,744 tons in March 2019.
Traffic results for the period of January - March 2022 are as follows:
• During the period of January – March 2022, total number of passengers carried was 12.7 million, compared to 16.7 million passengers in the same period of 2019.
• L/F decreased by 9.8 points to 70.2%, compared to the same period of 2019.
• ASK decreased by 9% to 38.8 billion during the period of January - March 2022 from 42.7 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – March 2022 increased by 6.8% to 390,384 tons from 365,547 tons in the same period of 2019.
• By the end of March 2022, the number of aircraft in the fleet was 373.
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08.03.2022 - February 2022 Traffic Results
Traffic results for the period of February 2022 are as follows:
• During the period of February 2022, total number of passengers carried was 4 million, compared to 5.2 million passengers in February 2019.
• L/F stood at 68.5%.
• Cargo/Mail carried during the period of February 2022 increased by 3.5% to 117,568 tons from 113,618 tons in February 2019.
Traffic results for the period of January - February 2022 are as follows:
• During the period of January – February 2022, total number of passengers carried was 7.9 million, compared to 10.9 million passengers in the same period of 2019.
• L/F decreased by 12.4 points to 67.2%, compared to the same period of 2019.
• ASK decreased by 10% to 25 billion during the period of January - February 2022 from 27.8 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – February 2022 increased by 5.3% to 237,751 tons from 225,803 tons in the same period of 2019.
• By the end of February 2022, the number of aircraft in the fleet was 372.
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01.03.2022 - Related Party Transactions
The conclusion section of the "Common and Continuous Related Party Transactions Report" prepared by the Board of Directors as per Article 10 of the Capital Markets Board's Communique No.II-17.1 on Corporate Governance is provided below for the information of our shareholders.
Conclusion Section of the Report on Related Party Transactions:
Due to the fact that the rate of the amount of common and continuous fuel supply / purchasing transactions executed between Turkish Airlines and TFS Akaryakıt Hizmetleri A.Ş. exceeded 10%, compared to the cost of sales in 2021 financial statements disclosed to public; and that it is also foreseen that transactions with similar features will continue in 2022, in accordance with the determined principles. These transactions mentioned in the aforementioned report are considered to be made consistent with the transactions of previous years and at-arm's length when compared with market conditions.
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14.02.2022 - Credit Rating
On 11.02.2022, international credit agency Fitch affirmed long-term foreign and local currency issuer default ratings (IDR) of Turkish Airlines as "B" and revised the outlook from negative to stable based on rebounding passenger traffic, surge in cargo business and reducing demand volatility.
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10.02.2022 - January 2022 Traffic Results
Traffic results for the period of January 2022 are as follows:
• During the period of January 2022, total number of passengers carried was 3.9 million, compared to 5.7 million passengers in January 2019.
• L/F stood at 65.9%.
• Cargo/Mail carried during the period of January 2022 increased by 6.3% to 119,263 tons from 112,186 tons in January 2019.
• ASK decreased by 11% to 13 billion during the period of January 2022 from 14.6 billion for the same period of 2019.
• By the end of January 2022, the number of aircraft in the fleet was 371.
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27.01.2022 - Appointment of the Board Members
Our Incorporation's Chairman of the Board of Directors and the Executive Committee Mr. Mehmet İlker Aycı, Our Incorporation's Executive Committee and Independent Member of the Board Mehmet Muzaffer Akpınar and Our Incorporation's Member of the Board Mithat Görkem Aksoy resigned from their duties.
Due to the resignations, our Board of Directors appointed Prof. Dr. Ahmet Bolat as the Chairman of the Board of Directors and the Executive Committee; Mr. Şekib Avdagiç, as the Independent Member of the Board, upon the approval of the Capital Market Board, and Mr. Mehmet Kadaifçiler as the Member of the Board. The aforementioned appointments will be submitted for approval of the next General Assembly. We respectfully announce it to the public.
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27.01.2022 - Board of Directors' Subcommitees
Due to the resignation of Mr. Mehmet İlker Aycı, Mr. Mehmet Muzaffer Akpınar and Mr. Mithat Görkem Aksoy,
Prof. Dr. Ahmet Bolat has been assigned as the Chairman of the Executive Committee, Mr. Şekib Avdagiç has been assigned as the Member of the Executive Committee, Chairman of the Audit Committe and Member of the Early Identification of Risks Committee, and Mr. Mehmet Kadaifçiler has been assigned as the Member of the Executive Committee and Member of the Corporate Governance Committee.
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10.01.2022 - December 2021 Traffic Results
Traffic results for the period of December 2021 are as follows:
• During the period of December 2021, total number of passengers carried was 4.3 million, compared to 5.5 million passengers in December 2019.
• L/F stood at 71.1%.
• Cargo/Mail carried during the period of December 2021 increased by 9.4% to 151,441 tons from 138,446 tons in December 2019.
Traffic results for the period of January - December 2021 are as follows:
• During the period of January – December 2021, total number of passengers carried was 44.8 million, compared to 74.3 million passengers in the same period of 2019.
• L/F decreased by 13.8 points to 67.9%, compared to the same period of 2019.
• ASK decreased by 31.9% to 127.8 billion during the period of January - December 2021 from 187.7 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – December 2021 increased by 21.7% to 1,879,552 tons from 1,544,341 tons in the same period of 2019.
• By the end of December 2021, the number of aircraft in the fleet was 370.
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29.12.2021 - 27th Term Collective Bargaining Agreement -2
Ref: Public disclosure dated 24.12.2021
As a result of the negotiations held between Turkish Airlines Inc. and Hava-Iş Union, 27th Collective Bargaining Agreement has been signed, covering 2 year-period starting from January 1st, 2022.
Apart from the wage increases we have stated in our previous public disclosure, the monthly-paid social aid will be increased by 25% for 2022 and by the inflation rate for the first half and the second half of 2023.
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24.12.2021 - 27th Term Collective Bargaining Agreement
As a result of the negotiations held between Turkish Airlines Inc. and Hava-Iş Union, wage increase section for the 27th Term Collective Bargaining Agreement has been decided, covering 2 year-period starting from January 1st, 2022.
The revised wages within the scope of the pandemic measures back in September 2020 were taken into consideration during the current negotations.
Within the 27th Term Collective Bargaining Agreement, the wage increase for the first half of 2022 will be 60% on top of Consumer Price Index change between period of June 2021 and December 2021. For the later periods, in addition to related periods' CPI change 5% will be added for the second half of 2022, 1% will be added for the first half of 2023 and 1% will be added for the second half of 2023. Apart from the mentioned wage increases, when the Collective Bargaining Agreement is signed, 1 gross salary which is equivalent to a quarterly bonus wage will be paid, accordingly.
The 27th Term Collective Bargaining Agreement negotiations will start from 28.12.2021, except for the mutually agreed wage increases. The agreement related to wage increases will be implemented when the 27th term Collective Bargaining Agreement is signed.
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10.12.2021 - November 2021 Traffic Results
Traffic results for the period of November 2021 are as follows:
• During the period of November 2021, total number of passengers carried was 4.2 million, compared to 5.7 million passengers in November 2019.
• L/F stood at 70.1%.
• Cargo/Mail carried during the period of November 2021 increased by 7.8% to 156,245 tons from 144,993 tons in November 2019.
Traffic results for the period of January - November 2021 are as follows:
• During the period of January – November 2021, total number of passengers carried was 40.5 million, compared to 68.8 million passengers in the same period of 2019.
• L/F decreased by 14.2 points to 67.5%, compared to the same period of 2019.
• ASK decreased by 33.6% to 114.3 billion during the period of January - November 2021 from 172.3 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – November 2021 increased by 22.8% to 1,727,034 tons from 1,405,894 tons in the same period of 2019.
• By the end of November 2021, the number of aircraft in the fleet was 373.
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29.11.2021 - Notification About News or Rumours
Several national and international media organizations report that Turkish Airlines will invest in an international airline company.
As one of the most valuable companies of the global aviation industry, Turkish Airlines always considers strategic investments that are in line with its future goals. However, today's reports in media have no basis in fact.
Thus, we would like to inform the public that today's reports are false as our company have made no attempt at investing in an international airline at this juncture.
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12.11.2021 - Notification Regarding Demerger
Demerger Agreement, Demerger Report and Capital Markets Board Announcement Text have been updated after our application to the Capital Markets Board on 12.10.2021 and our public disclosure published on the Public Disclosure Platform on the same date, are attached.
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11.11.2021 - October 2021 Traffic Results
Traffic results for the period of October 2021 are as follows:
• During the period of October 2021, total number of passengers carried was 5.1 million, compared to 6.6 million passengers in October 2019.
• L/F stood at 69.9%.
• Cargo/Mail carried during the period of October 2021 increased by 19.2% to 171,443 tons from 143,864 tons in October 2019.
Traffic results for the period of January - October 2021 are as follows:
• During the period of January – October 2021, total number of passengers carried was 36.2 million, compared to 63.1 million passengers in the same period of 2019.
• L/F decreased by 14.5 points to 67.2%, compared to the same period of 2019.
• ASK decreased by 35.1% to 102.1 billion during the period of January - October 2021 from 157.3 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – October 2021 increased by 24.5% to 1,569,923 tons from 1,260,901 tons in the same period of 2019.
• By the end of October 2021, the number of aircraft in the fleet was 372.
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09.11.2021 - About Belarus Flights
Several media organizations allege that Turkish Airlines flights to Belarus are establishing a ground for illegal immigration traffic.
Our Incorporation makes sure to comply with all security precautions and sensibilities in cooperation with international authorities in all its fligts operated to all corners of the world.
We would like to respectfully inform the public that the allegations in the media are without any basis.
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03.11.2021 - 3Q 2021 Financial Results
The Incorporation has announced its consolidated financial results for the third quarter of 2021 . Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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28.10.2021 - Wage Adjustment
Ref: Public disclosures dated 01.09.2020 and 09.07.2021
Although the effects of the Covid-19 global pandemic continue, considering the positive development of our Incorporation's operational efficiency, performance and financial indicators compared to 2020; our Board of Directors made a second assessment taking into account the sacrifice and contribution of our employees to the performance of the Incorporation during the pandemic. According to this assessment, effective as of 01.10.2021, it has been decided to increase the work/flight compensations of our cockpit personnel by 25% and the job/severance pay of the other domestic business groups by 20%, based on current wages.
Respectfully announced to the public.
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25.10.2021 - JCR Eurasia Credit Rating
Credit Rating Agency JCR Eurasia, has assigned ratings of Türk Hava Yolları as "AAA (Trk)" on the Long-Term National Rating and "A-1+ (Trk)" on the Short-Term National Rating. The Long-Term International Foreign and Local Currency Ratings are both assigned as "BB", and Short-Term International Foreign and Local Currency Ratings are both assigned as "B". All of the rating outlooks are "Stable".
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12.10.2021 - Notification Regarding Demerger
Within the scope of our material event disclosure dated 24.05.2021; the partial demerger transaction, which is continuing in the context of our Incorporation's Board of Directors decision dated 21.05.2021 and numbered 128 and the decision dated 08.10.2021 and numbered 228, to divide and transfer the cargo unit of our Incorporation to THY Hava Kargo Taşımacılığı Anonim Şirketi, using the "partial demerger via facilitated procedure transaction through associate model" method, will be executed on the basis of our Incorporation’s financial statements dated 30.06.2021, instead of the initially projected financial statements dated 31.12.2020.
Documents regarding Demerger
Demerger Agreement
Demerger Report
Capital Markets Board Announcement Text
Certified Public Accountant Report 30.06.2021
Declaration Regarding that The Exit Right in not Raised
Declaration Regarding the Failure to Obtain the Competition Authority Permit
Permission of Directorate General of Civil Aviation Regarding Partial Demerger
Turkish Airlines Financial Statement dated 30.06.2021
Turkish Cargo Financial Statements
Turkish Airlines Balance Sheet Accordance with Turkish Tax Procedure Law
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12.10.2021 - September 2021 Traffic Results
Traffic results for the period of September 2021 are as follows:
During the period of September 2021, total number of passengers carried was 5 million, compared to 6.7 million passengers in September 2019.
L/F stood at 69.7%.
Cargo/Mail carried during the period of September 2021 increased by 20% to 161,713 tons from 134,801 tons in September 2019.
Traffic results for the period of January - September 2021 are as follows:
During the period of January – September 2021, total number of passengers carried was 31.1 million, compared to 56.4 million passengers in the same period of 2019.
L/F decreased by 14.7 points to 66.7%, compared to the same period of 2019.
ASK decreased by 37.3% to 88.2 billion during the period of January - September 2021 from 140.6 billion for the same period of 2019.
Cargo/Mail carried during the period of January – September 2021 increased by 25.1% to 1,397,927 tons from 1,117,084 tons in the same period of 2019.
By the end of September 2021, the number of aircraft in the fleet was 372.
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08.10.2021 - Notification Regarding Demerger
Our Incorporation submitted its application to the Capital Markets Board for the approval of the Announcement Document as of 12.10.2021, which is pursuant to our partial demerger decision of our Incorporation's Board of Directors taken on 21.05.2021 and 08.10.2021 and published on the Public Disclosure Platform.
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10.09.2021 - August 2021 Traffic Results
Traffic results for the period of August 2021 are as follows:
• During the period of August 2021, total number of passengers carried was 5.9 million, compared to 7.4 million passengers in August 2019.
• L/F stood at 73.2%.
• Cargo/Mail carried during the period of August 2021 increased by 23.4% to 160,796 tons from 130,337 tons in August 2019.
Traffic results for the period of January - August 2021 are as follows:
• During the period of January - August 2021, total number of passengers carried was about 26 million, compared to 49.7 million passengers in the same period of 2019.
• L/F decreased by 15.1 points to 66.2%, compared to the same period of 2019.
• ASK decreased by 39.6% to 74.8 billion during the period of January - August 2021 from 123.9 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – August 2021 increased by 25.7% to 1,235,160 tons from 982,237 tons in the same period of 2019.
• By the end of August 2021, the number of aircraft in the fleet was 369.
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10.08.2021 - 2Q 2021 Financial Results
The Incorporation has announced its consolidated financial results for the second quarter of 2021. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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10.08.2021 - July 2021 Traffic Results
Traffic results for the period of July 2021 are as follows:
• During the period of July 2021, total number of passengers carried was 5.5 million, compared to 7.1 million passengers in July 2019.
• L/F stood at 71.2%.
• Cargo/Mail carried during the period of July 2021 increased by 20.5% to 162,208 tons from 134,580 tons in July 2019.
Traffic results for the period of January - July 2021 are as follows:
• During the period of January - July 2021, total number of passengers carried was about 20.1 million, compared to 42.2 million passengers in the same period of 2019.
• L/F decreased by 16.2 points to 64.4%, compared to the same period of 2019.
• ASK decreased by 43.4% to 60.1 billion during the period of January - July 2021 from 106 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – July 2021 increased by 26% to 1,073,632 tons from 851,900 tons in the same period of 2019.
• By the end of July 2021, the number of aircraft in the fleet was 373.
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12.07.2021 - June 2021 Traffic Results
Traffic results for the period of June 2021 are as follows:
• During the period of June 2021, total number of passengers carried was 3.6 million, compared to 6.6 million passengers in June 2019.
• L/F stood at 68,3%.
• Cargo/Mail carried during the period of June 2021 increased by 30.9% to 162,180 tons from 123,890 tons in June 2019.
Traffic results for the period of January - June 2021 are as follows:
• During the period of January - June 2021, total number of passengers carried was about 14,6 million, compared to 35.1 million passengers in the same period of 2019.
• L/F decreased by 17.7 points to 62.4%, compared to the same period of 2019.
• ASK decreased by 47.9% to 46.2 billion during the period of January - June 2021 from 88.8 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – June 2021 increased by 26.9% to 910,147 tons from 717,321 tons in the same period of 2019.
• By the end of June 2021, the number of aircraft in the fleet was 372.
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09.07.2021 - Wage Adjustment
Ref: Public Disclosure dated 01.09.2020
Due to the Covid-19 pandemic, which has had a negative impact on the aviation industry, ‘A Protocol of the Adaptation of the Covid-19 Global Pandemic Conditions' signed between the authorized union Turkey Civil Aviation Union and our Incorporation on 31.08.2020 was implemented to the 26th Term Collective Bargaining Agreement, which is in effect through our Incorporation. According to this protocol, as applied in every 6-month period, wages on 30.06.2021 should be increased at the rate of inflation difference as effective from 01.07.2021.
Our Board of Directors made an assessment taking into account the sacrifices made by our employees during the pandemic, the steps towards loosening pandemic restrictions in all countries, and the cautious optimism of the widespread vaccination practices developed against Covid-19.
According to this,
As of 01.07.2021, it has been decided to increase the wages of domestic personnel and foreign personnel working on the reopened international routes, with a minimum wage increase of 10% on top of the inflation difference.
Respectfully announced to the public.
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14.06.2021 - May 2021 Traffic Results
Traffic results for the period of May 2021 are as follows:
• During the period of May 2021, total number of passengers carried was 2.1 million, compared to 5.9 million passengers in May 2019.
• L/F stood at 58.4%.
• Cargo/Mail carried during the period of May 2021 increased by 23.1% to 159,318 tons from 129,441 tons in May 2019.
Traffic results for the period of January - May 2021 are as follows:
• During the period of January - May 2021, total number of passengers carried was about 11 million, compared to 28.5 million passengers in the same period of 2019.
• L/F decreased by 19.3 points to 60.8%, compared to the same period of 2019.
• ASK decreased by 50.2% to 36.3 billion during the period of January - May 2021 from 72.7 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – May 2021 increased by 25.8% to 746,582 tons from 593,430 tons in the same period of 2019.
• By the end of May 2021, the number of aircraft in the fleet was 367.
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11.05.2021 - April 2021 Traffic Results
Traffic results for the period of April 2021 are as follows:
• During the period of April 2021, total number of passengers carried was 2.4 million, compared to 5.9 million passengers in April 2019.
• L/F stood at 58.7%.
• Cargo/Mail carried during the period of April 2021 increased by 56.2% to 153,798 tons from 98,442 tons in April 2019.
Traffic results for the period of January - April 2021 are as follows:
• During the period of January - April 2021, total number of passengers carried was 8.9 million, compared to 22.7 million passengers in the same period of 2019.
• L/F decreased by 19.3 points to 61.5%, compared to the same period of 2019.
• ASK decreased by 50.4% to 28.3 billion during the period of January - April 2021 from 57.1 billion for the same period of 2019.
• Cargo/Mail carried during the period of January – April 2021 increased by 26.3% to 586,022 tons from 463,989 tons in the same period of 2019.
• By the end of April 2021, the number of aircraft in the fleet was 364.
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03.05.2021 - 1Q 2021 Financial Results
The Incorporation has announced its consolidated financial results for the financial period first quarter of 2021. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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15.04.2021 - Amendment for Boeing Fleet Plan
Ref: Public Disclosure dated 09.04.2013
Previously, in order to insure the need for narrow body aircraft, the Incorporation decided to purchase a total of 75 B737 MAX aircraft from the Boeing Company. In view of the current situation with the effects of the Coronavirus (Covid-19) global pandemic on the aviation industry, the Incorporation reviewed its fleet plan and came to an agreement with Boeing as a result of the negotiations between the two parties. According to this agreement, 10 of the 75 B737 Max aircraft will be cancelled and 40 aircraft will be converted into options until December 21, 2021, on or prior to which, the Incorporation will decide whether or not it will exercise the options. At the same time, the delivery dates of currently undelivered 13 B737 MAX aircraft, have been rescheduled in line with the operational and financial capacity of our Incorporation.
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13.04.2021-March 2021 Traffic Results
Traffic results for the period of March 2021 are as follows:
• During the period of March 2021, total number of passengers carried was 2.5 million, compared to 2.8 million passengers in March 2020.
• L/F stood at 65.6%.
• Cargo/Mail carried during the period of March 2021 increased by 23.1% to 158,353 tons from 128,651 tons in March 2020.
Traffic results for the period of January - March 2021 are as follows:
• During the period of January - March 2021, total number of passengers carried was 6.4 million, compared to 13.5 million passengers in the same period of 2020.
• L/F decreased by 13,4 points to 62.6%.
• ASK decreased by 47.3% to 20.3 billion during the period of January - March 2021 from 38.4 billion for the same period of 2020.
• Cargo/Mail carried during the period of January - March 2021 increased by 13.5% to 430,766 tons from 379,624 tons in 2020.
• By the end of March 2021, the number of aircraft in the fleet was 362.
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12.04.2020-Appointment of Committees
Independent Board Member Mr. Mehmet Muzaffer Akpınar has been assigned as the Chairman and Mr. Melih Şükrü Ecertaş as the Member of the Audit Committee;
Independent Board Member Ms. Fatmanur Altun as the Committee Chairman, Board Members Mr. Mithat Görkem Aksoy and Mr. Orhan Birdal and Investor Relations Manager Mr. Kadir Coşkun, in compliance with the Capital Market Board's Communique on Corporate Governance (II-17.1), as the members of the Corporate Governance Committee;
Independent Board Member Mr. Melih Şükrü Ecertaş as the Chairman and Mr. Mehmet Muzaffer Akpınar, as the Member of the Early Identification of Risks Committee;
Chairman of the Board Mr. Mehmet İlker Aycı as the Chairman of the Executive Comittee, Deputy Chairman of the Board Mr. Mecit Eş as the Deputy Chairman of the Executive Committee, Mr. Murat Şeker, Mr. Mehmet Muzaffer Akpınar and Mr. Mithat Görkem Aksoy as the Member of the Executive Committee.
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31.03.2021-AnadoluJet International Flight Plan to/from Antalya, Bodrum and Dalaman
AnadoluJet, successful brand of our Incorporation, planned to increase its international flights in the summer of 2021 with its new strategy to contribute to the tourism of the country. In this context; it has been decided to operate 102 (frequency) flights per week from 19 new destinations in Europe and the Middle East to Antalya, Dalaman and Bodrum with AnadoluJet. This new responsibility taken by our AnadoluJet brand, will position our country as the most preferred tourism center of our region and will provide a significant income contribution to our Incorporation.
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26.03.2021-Appointment of the Board Members
At today's Ordinary General Assembly Meeting, the following members have been assigned as the Board of Directors.
Chairman of the Board: Mr. Mehmet İlker AYCI
Deputy Chairman of the Board: Mr. Mecit EŞ
Members of the Board:
Mr. Bilal EKŞİ
Mr. Mehmet Muzaffer AKPINAR
Mr. Melih Şükrü ECERTAŞ
Mr. Orhan BİRDAL
Ms. Fatmanur ALTUN
Mr. Mithat Görkem AKSOY
Mr. Murat ŞEKER
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15.03.2021-February 2021 Traffic Results
Traffic results for the period of February 2021 are as follows:
• During the period of February 2021, total number of passengers carried was 1.9 million, compared to 5 million passengers in February 2020.
• L/F stood at 61.7%.
• Cargo/Mail carried during the period of February 2021 increased by 3.9% to 133,556 tons from 128,553 tons in February 2020 .
Traffic results for the period of January - February 2021 are as follows:
• During the period of January - February 2021, total number of passengers carried was 3.9 million, compared to 10.6 million passengers in the same period of 2020.
• L/F decreased by 18,5 points to 60.9%.
• ASK decreased by 56.6% to 12.8 billion during the period of January - February 2021 from 29.5 billion for the same period of 2020.
• Cargo/Mail carried during the period of January - Februuary 2021 increased by 8.4% to 271,981 tons from 250,973 tons in 2020.
• By the end of February 2021, the number of aircraft in the fleet was 362.
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01.03.2021 - Notification Regarding General Assembly Meeting
The Ordinary General Assembly of our Incorporation will take place on Friday, March 26, 2021 at 14:00 at the General Management Building located at Yeşilköy Mahallesi, Havaalanı Cad. No.3/1 Bakırköy/İstanbul.
Within the framework of the measures taken due to the COVID-19 outbreak and the announcement of the Ministry of Trade dated on 20.03.2020, it is important for our shareholders to attend the General Assembly meeting in the electronic platform instead of physical participation. Guidance related to electronic participation is explained in the following link. https://egk.mkk.com.tr/egkweb/assets/home/content/Instructions-for-Beneficial-Owners.pdf
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01.03.2021 - Notification Regarding Dividend Payment
According to the consolidated financial statements belonging to the accounting period of 01.01.2020-31.12.2020 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net loss for the period is TL 5.588.000.000. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law, due to the differences between Turkish Accounting standards and IFRS standards) the net loss of the period is TL 17.339.310.713 and previous years' loss account has a balance of TL 16.345.436.976. The following resolution will be submitted to the approval of the General Assembly:
The loss amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net loss of TL 5.588.000.000 (according to IFRS) will be transferred to the previous years' profit account. Attached you may find the 2020 Profit Distribution Table.
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15.02.2021- January 2021 Traffic Results
Traffic results for the period of January 2021 are as follows:
• During the period of January 2021, total number of passengers carried was 2 million, compared to 5.7 million passengers in January 2020.
• L/F stood at 60.3%.
• Cargo/Mail carried during the period of January 2021 increased by 12.7% to 137,965 tons from 122,419 tons in January 2020.
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08.01.2021 - December 2020 Traffic Results
Traffic results for the period of December 2020 are as follows:
• During the period of December 2020, total number of passengers carried was 1.9 million, compared to 5.5 million passengers in December 2019.
• L/F stood at 64.1%.
• Cargo/Mail carried during the period of December 2020 increased by 6.5% to 147,396 tons from 138,446 tons in December 2019.
Traffic results for the period of January-December 2020 are as follows:
• During the period of January-December 2020, total number of passengers carried was 28 million, compared to 74.3 million passengers in the same period of 2019.
• L/F decreased by 10.6 points to 71%.
• ASK decreased by 60.1% to 75 billion during the period of January-December 2020 from 187.7 billion for the same period of 2019.
• Cargo/Mail carried during the period of January-December 2020 decreased by 3.7% to 1,487,233 tons from 1,544,365 tons in 2019.
• By the end of December 2020, the number of aircraft in the fleet was 363.
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10.12.2020-Public Disclosures
Traffic results for the period of November 2020 are as follows:
• During the period of November 2020, total number of passengers carried was 2 million, compared to 5.7 million passengers in November 2019.
• L/F stood at 62.2%.
• Cargo/Mail carried during the period of November 2020 decreased by 8.5% to 132,667 tons from 145,007 tons in November 2019.
Traffic results for the period of January-November 2020 are as follows:
• During the period of January-November 2020, total number of passengers carried was 26.1 million, compared to 68.8 million passengers in the same period of 2019.
• L/F decreased by 10 points to 71.7%.
• ASK decreased by 60.1% to 68,7 billion during the period of January- November 2020 from 172,3 billion for the same period of 2019.
• Cargo/Mail carried during the period of January- November 2020 decreased by 4.9% to 1,336,685 tons from 1,405,908 tons in 2019.
• By the end of November 2020, the number of aircraft in the fleet was 364.
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27.11.2020 - Public Disclosures
Our Board of Directors decided to establish an air cargo company, wholly-owned by the Incorporation, due to the increasing trend on cargo operations and to take quick actions while improving focused strategies like new product development and vertical integration. The newly established Company will strengthen our position among the most crucial players in the cargo sector, by making the most of Turkish Cargo's unique competitive advantage and create a separate platform for potential strategic foreign partnerships in the future.
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11.11.2020-Public Disclosures
Traffic results for the period of October 2020 are as follows:
• During the period of October 2020, total number of passengers carried was 2.4 million, compared to 6.6 million passengers in October 2019.
• L/F stood at 66.4%.
• Cargo/Mail carried during the period of October 2020 decreased by 8.4% to 131,775 tons from 143,864 tons in October 2019.
Traffic results for the period of January-October 2020 are as follows:
• During the period of January-October 2020, total number of passengers carried was 24 million, compared to 63.1 million passengers in the same period of 2019.
• L/F decreased by 9.1 points to 72.6%.
• ASK decreased by 60.2% to 62,7 billion during the period of January-October 2020 from 157,3 billion for the same period of 2019.
• Cargo/Mail carried during the period of January-October 2020 decreased by 4.6% to 1,202,307 tons from 1,260,927 tons in 2019.
• By the end of October 2020, the number of aircraft in the fleet was 365.
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23.10.2020 - Public Disclosures
In view of the current situation with the effects of the pandemic on the aviation industry, Turkish Airlines has reviewed its fleet plan and in agreement with Airbus has rescheduled certain deliveries and has adapted the overall outstanding orders to their operational and financial capabilities to ensure a solid basis for the future for the airline. This agreement also takes into account the strong industrial partnership that exists between Airbus and Turkey which is essential in these difficult times of our industry.
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08.10.2020 - Public Disclosures
Traffic results for the period of September 2020 are as follows:
• During the period of September 2020, total number of passengers carried was 2.4 million, compared to 6.7 million passengers in September 2019.
• L/F stood at 68.9%.
• Cargo/Mail carried during the period of September 2020 decreased by 11.4% to 119,420 tons from 134,801 tons in September 2019.
Traffic results for the period of January-September 2020 are as follows:
• During the period of January-September 2020, total number of passengers carried was 21.6 million, compared to 56.4 million passengers in the same period of 2019.
• L/F decreased by 8.1 points to 73.3%.
• ASK decreased by 59.9% to 56.4 billion during the period of January-September 2020 from 140.6 billion for the same period of 2019.
• Cargo/Mail carried during the period of January-September 2020 decreased by 4.2% to 1,070,359 tons from 1,117,038 tons in 2019.
• By the end of September 2020, the number of aircraft in the fleet was 360.
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10.09.2020 - Public Disclosures
Traffic results for the period of August 2020 are as follows:
• During the period of August 2020, total number of passengers carried was 2.6 million, compared to 7.4 million passengers in August 2019.
• L/F stood at 67.6%.
• Cargo/Mail carried during the period of August 2020 decreased by 11% to 115,960 tons from 130,337 tons in August 2019.
Traffic results for the period of January-August 2020 are as follows:
• During the period of January-August 2020, total number of passengers carried was 19.2 million, compared to 49.7 million passengers in the same period of 2019.
• L/F decreased by 7.5 points to 73.8%.
• ASK decreased by 59.2% to 50.6 billion during the period of January-August 2020 from 124 billion for the same period of 2019.
• Cargo/Mail carried during the period of January-August 2020 decreased by 3.3% to 950,164 tons from 982,237 tons in 2019.
• By the end of August 2020, the number of aircraft in the fleet was 357.
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04.09.2020 - Public Disclosures
Our Board of Directors decided to establish a new Technology company as a 100% Turkish Airlines subsidiary in order to increase our contribution to the Turkish Aviation ecosystem, by utilizing the existing Information Technologies human resources more effectively and positioning the existing Information Technologies applications of our Incorporation as an income generating business line.
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01.09.2020 - Public Disclosures
Ref: Public Disclosure dated 17.04.2019
Due to the Covid-19 pandemic, which has had a negative impact to the aviation industry, our Incorporation has benefited from the incentives and facilities provided by the Public Institutions and Organizations, while making the utmost effort to protect the employment of all our employees by conducting negotiations with other stakeholders, including the authorized union. In this context, the following arrangements regarding the negotiations and wage regulation between Hava İş and our Incorporation have been decided and a Protocol of the adaptation of the Covid-19 global pandemic conditions, implemented to the 26th Term Collective Bargaining Agreement covering the three-year period between January 1, 2019 and December 31, 2021, has been signed as of 31.08.2020 .
According to this;
The deduction of 30% for ground employees from workman compensation, 35% for cabin employees from flight compensation, 50% for cockpit employees from flight compensation, and the deduction of 30% for seniority payments of all our employees will be made and these wages will be valid starting September 1st, 2020
It has been decided that to these revised wages, the 6-month inflation rate of change in the calculation of six months wage increase will be applied to the first and second half of 2021
and the gratuity payments determined by the 26th Period Collective Labor Agreement over the agreed amounts, will continue to be paid.
Respectfully announced to the public.
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13.08.2020 - Public Disclosures
Traffic results for the period of July 2020 are as follows:
• During the period of July 2020, total number of passengers carried was 2 million, compared to 7.1 million passengers in July 2019.
• L/F stood at 65.3%.
• Cargo/Mail carried during the period of July 2020 decreased by 7% to 125,128 tons from 134,580 tons in July 2019.
Traffic results for the period of January-July 2020 are as follows:
• During the period of January-July 2020, total number of passengers carried was 16.6 million, compared to 42.2 million passengers in the same period of 2019.
• L/F decreased by 6 points to 74.6%.
• ASK decreased by 58.1% to 44.5 billion during the period of January-July 2020 from 106 billion for the same period of 2019.
• Cargo/Mail carried during the period of January-July 2020 decreased by 2.3% to 832,202 tons from 851,900 tons in 2019.
• By the end of July 2020, the number of aircraft in the fleet was 363.
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15.07.2020 - Public Disclosures
Traffic results for the period of June 2020 are as follows:
• During the period of June 2020, total number of passengers carried was 1.0 million, compared to 6.6 million passengers in June 2019.
• L/F stood at 67.2%.
• Cargo/Mail carried during the period of June 2020 decreased by 5% to 117,641 tons from 123,890 tons in June 2019.
Traffic results for the period of January-June 2020 are as follows:
• During the period of January-June 2020, total number of passengers carried was 14.6 million, compared to 35.1 million passengers in the same period of 2019.
• L/F decreased by 4.6 points to 75.5%.
• ASK decreased by 54.5% to 40.4 billion during the period of January-June 2020 from 88.8 billion for the same period of 2019.
• Cargo/Mail carried during the period of January-June 2020 decreased by 1.4% to 707,054 tons from 717,321 tons in 2019.
• By the end of June 2020, the number of aircraft in the fleet was 362.
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16.06.2020 - Public Disclosures
International Credit Agency Moody's predicted that Covid-19 outbreak would bring significant short and long-term demand shocks in many sectors especially in the airline industry. Also, the agency assumes that severity and duration of the outbreak increased and restrictions on air travel extended. As result the Agency lowered long-term issuer credit rating of Turkish Airlines from B2 to B3 on 15.06.2020. Moody's also revised the outlook from under review for further downgrade to negative.
Along with this, issue rating of Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificate (EETC), which have been issued in 2015, is downgraded from Ba3 to B2, Class A of JPY-denominated EETC has been confirmed at Ba3 and Class B of JPY-denominated EETC has been downgraded from Ba3 to B1. Their outlook also changed from rating under review to negative.
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21.05.2020 - Public Disclosures
On 20.05.2020, International Credit Agency Standart & Poor's (S&P) affirmed long-term issuer credit rating of Turkish Airlines as B level since THY has a more flexible cost base than other European peers and undertaking drastic cost reductions at every level to preserve its credit standing. S&P also revised the outlook from CreditWatch with negative implications to negative due to high uncertainty regarding the pandemic and economic recession, and their impact on air traffic demand.
Along with this, issue ratings of Turkish Airlines' Enhanced Equipment Trust Certificates (EETCs), which have been issued in 2015, have also been reviewed, and as a result, they were lowered to BB- from BB to reflect the lower valuation on the B777-300ER aircraft as a result of the pandemic.
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13.04.2020 - Public Disclosures
Traffic results for the period of March 2020 are as follows:
• During the period of March 2020, passengers carried decreased by 53%, to 2.8 million passengers from 5.9 million passengers for the same period of 2019. The number of passengers carried in domestic lines decreased by 44.9%, and the number of passengers carried in international lines also decreased by 59.1%.
• Total L/F decreased by 17.6 points to 63.3%.
• RPK decreased by 53.3% to 5.6 billion during the period of March 2020 from 12 billion for the same period of 2019. Decrease in RPK in domestic lines is 40.3% and RPK in international lines also decreased by 55.2%.
• International-to-international transfer passengers decreased by 60.1%.
• International non-transit passengers decreased by 57.7% compared to the same period of March 2019.
• Cargo/Mail carried during the period of March 2020 decreased by 8.5% to 127,869 tons, from 139,744 tons in 2019.
• During the period of March 2020, the regional traffic results are as follows:
o Decrease in RPK in Middle East, Far East and Europe are 75.5%, 59.8% and 59.2%.
o Decrease in L/F in Far East, N. America and Europe are by 22.2, 21.9 and 19.7 pt.
o Decrease in passengers carried in Middle East, Far East and Europe are 75.9%, 58.5% and 58.5%.
Traffic results for the period of January-March 2020 are as follows:
• During the period of January-March 2020, passengers carried decreased by 20%, to 13.4 million passengers from 16.7 million passengers for the same period of 2019. The number of passengers carried in domestic lines decreased by 24.2% and the number of international lines also decreased by 16.7%.
• International-to-international transfer passengers decreased by 15.5%, compared to the same period of 2019.
• International Non-transit passengers decreased by 18.3%, compared to the period of January–March 2019.
• L/F decreased by 4.5 points to 75.5%.
• ASK decreased by 10% to 38.4 billion during the period of January-March 2020 from 42.7 billion for the same period of 2019. ASK in domestic lines decreased by 17.1% and ASK in international lines also decreased by 9%.
• RPK decreased by 15.1% to 29 billion during the period of January-March 2020 from 34.1 billion for the same period of 2019. Decrease in RPK in domestic lines is 21.2% and decrease in RPK in international lines is 14.1%.
• Number of landings (passenger aircraft) of 112,849 for the period of January-March 2019 decreased by 15.8% to 94,971 in 2020.
• Cargo/Mail carried during the period of January-March 2020 increased by 3.6% to 378,743 tons from 365,547 tons in 2019.
• By the end of March 2020, the number of aircraft is 361.
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01.04.2020 - Public Disclosures
Turkish Airlines put important flight schedule changes into action due to the outbreak of novel coronavirus (Covid-19). All international flights are temporarily suspended as of 27 March 2020 at 23:59 and important part of domestic flights are suspended except some major cities.
Turkish Airlines taking certain actions to decrease the operational expenses and increase the financial liquidity of the company. Voluntary unpaid leave program has been initiated and short-term employment allowance application has been made to decrease personnel expenses. The Incorporation is reducing or postponing significant part of capital expenditures. Additionally, we are evaluating new financing options to keep the liquidity level of the company strong. We are negotiating with important suppliers to revise the payment schedule. We are studying on different scenarios and action plans related to the timing and expansion of the outbreak. Important developments on the subject will be shared with the public.
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31.03.2020 - Public Disclosures
Due to the resignation of Mr. Ogün Şanlıer from the Member of the Board on 31.03.2020, the Board of Directors has decided to appoint Mr. Melih Şükrü Ecertaş as Independent Member of the Board upon the Independence Board Member Approval of Capital Market Board, until the approval of the next General Assembly in accordance with our Incorporation's Articles of Association, Article 10.
Due to the resignation of Mr. Ogün Şanlıer, Chairman of Early Identification of Risks Committee and Member of Audit Committee, the Incorporation has decided to appoint Mr. Melih Şükrü Ecertaş as the Chairman of Early Identification of Risks Committee and Member of Audit Committee.
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27.03.2020 - Public Disclosures
International Credit Agency Moody's predicted that Covid-19 outbreak would bring significant short and long-term demand shocks in many sectors especially in the airline industry. Moody's believes that Turkish Airlines, having the flight network spanning 127 countries, will be affected by the negative demand environment like many other airlines, as a result the Agency lowered long-term issuer credit rating of Turkish Airlines from B1 to B2 on 24.03.2020. Moody's also revised the outlook from negative to under review for further downgrade.
Along with this, issue ratings of Turkish Airlines' Enhanced Equipment Trust Certificates (EETCs), which have been issued in 2015, are placed on review for downgrade from Ba3. Their outlook also changed from negative to rating under review.
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20.03.2020 - Public Disclosures
On 20.03.2020, International Credit Agency Standart & Poor's (S&P) lowered long-term issuer credit rating of Turkish Airlines from B+ to B to reflect the weaking in demand for air travel as a result of the outbreak of Covid-19. S&P also revised the outlook from stable to CreditWatch with negative implications.
Along with this, issue ratings of Turkish Airlines' Enhanced Equipment Trust Certificates (EETCs), which have been issued in 2015, have also been reviewed, and as a result, they were lowered to BB from BB+. Their outlook also placed on CreditWatch with negative implications.
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11.03.2020 - Public Disclosures
Traffic results for the period of February 2020 are as follows:
• During the period of February 2020, passengers carried decreased by 4%, to 5 million passengers from 5.2 million passengers for the same period of 2019. The number of passengers carried in domestic lines decreased by 13.9%, and the number of passengers carried in international lines increased by 3.7%.
• Total L/F decreased by 2.3 points to 77.5%.
• RPK increased by 2.1% to 10.8 billion during the period of February 2020 from 10.6 billion for the same period of 2019. Decrease in RPK in domestic lines is 11.6% and RPK in international lines increased by 4.3%.
• International-to-international transfer passengers increased by 1.3%.
• International non-transit passengers increased by 7% compared to the same period of February 2019.
• Cargo/Mail carried during the period of February 2020 increased by 13% to 128,430 tons, from 113,618 tons in 2019.
• During the period of February 2020, the regional traffic results are as follows:
o Increase in RPK in Africa, North America and Europe are 14.6%, 6.3% and 3.1%.
o Increase in L/F in Middle East by 2.2 pt.
o Increase in passengers carried in Africa, North America and Europe are 10.3%, 6.4% and 4.3% respectively.
Traffic results for the period of January-February 2020 are as follows:
• During the period of January-February 2020, passengers carried decreased by 2.1%, to 10.6 million passengers from 10.9 million passengers for the same period of 2019. The number of passengers carried in domestic lines decreased by 13.4% and the number of international lines increased by 6.9%.
• International-to-international transfer passengers increased by 6.8%, compared to the same period of 2019.
• International Non-transit passengers increased by 7.1%, compared to the period of January–February 2019.
• L/F decreased by 0.5 points to 79.1%.
• ASK increased by 6.1% to 29.5 billion during the period of January-February 2020 from 27.9 billion for the same period of 2019. ASK in domestic lines decreased by 9.8%, while ASK in international lines increased by 8.5%.
• RPK increased by 5.5% to 23.4 billion during the period of January-February 2020 from 22.2 billion for the same period of 2019. Decrease in RPK in domestic lines is 11.4% while increase in RPK in international lines is 8.2%.
• Number of landings (passenger aircraft) of 73,792 for the period of January-February 2019 decreased by 2.1% to 72,233 in 2020.
• Cargo/Mail carried during the period of January-February 2020 increased by 11% to 250,679 tons from 225,804 tons in 2019.
• By the end of February 2020, the number of aircraft went up to 358 from 338 of February 2019.
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09.03.2020 - Public Disclosures
According to the decision of our Incorporation's Board of Directors dated 9 March 2020, it was decided to submit for the General Assembly's approval of authorization of the Board of Directors by approving the appended "Share Buy-Back Program" to ensure that our Incorporation gets its own shares back at our Incorporation's Ordinary General Assembly Meeting to be held on 31 March 2020 where the results of the activity period of 01.01.2019–31.12.2019 will be discussed.
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09.03.2020 - Public Disclosures
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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09.03.2020 - Public Disclosures
With the decision of the Board of Directors of our Incorporation dated on 09.03.2020, it has been decided to amend the Article 6th titled "Share Capital and Share Certificates" of the Articles of Association of our Incorporation, as stated in the appendix.
The application was made to the Capital Markets Board on 09.03.2020 in order to obtain the approval of the Capital Market Board. The proposed amendments will be submitted to the General Assembly for approval, upon receipt of Capital Markets Board and Ministry of Trade approvals.
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09.03.2020 - Public Disclosures
According to the consolidated financial statements belonging to the accounting period of 01.01.2019-31.12.2019 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is TL 4.536.000.000. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law, due to the differences between Turkish Accounting standards and IFRS standards) the net profit of the period is TL 1.530.828.154 and previous years' loss account has a balance of TL 17.818.113.556. The following resolution will be submitted to the approval of the General Assembly:
The profit amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net profit of TL 4.536.000.000 (according to IFRS) will be transferred to the previous years' profit account. Attached you may find the 2019 Profit Distribution Table.
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07.02.2020 - Public Disclosures
Traffic results for the period of January 2020 are as follows:
• During the period of January 2020, passengers carried decreased by 0.4%, to 5.6 million passengers from 5.7 million passengers for the same period of 2019. The number of passengers carried in domestic lines decreased by 13%, and the number of passengers carried in international lines increased by 10%.
• Total L/F increased by 1.2 points to 80.6%.
• RPK increased by 8.6% to 12.6 billion during the period of January 2020 from 11.6 billion for the same period of 2019. Decrease in RPK in domestic lines is 11.2% and RPK in international lines increased by 11.8%.
• International-to-international transfer passengers increased by 4.1%.
• International non-transit passengers increased by 18.8% compared to the same period of January 2019.
• Cargo/Mail carried during the period of January 2020 increased by 8.4% to 121,605 tons, from 112,186 tons in 2019.
• During the period of January 2020, the regional traffic results are as follows:
o Increase in RPK in Far East, Africa, North America, Europe and Middle East are 14.9%, 14.3%, 6.9%, 6.7% and 4.1%.
o Increase in L/F in Middle East, Central and South America, Europe, Far East, Africa and North America by 4.4 pt., 1.8 pt., 1.3 pt., 0.8 pt., 0.5 pt. and 0.4 pt.
o Increase in passengers carried in Far East, Africa, Europe, North America and Middle East are 13.6%, 11.8%, 8.7%, 7.1% and 3.2% respectively.
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24.01.2020 - Public Disclosures
According to the 2020 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2020 is as follows:
Traffic Development
- Total number of passengers carried is targeted to reach 78-80 million including 31.5-33 million on domestic routes, 46-47 million on international routes.
- While passenger load factor is expected to be 81% - 82%, total Available Seat Kilometers (ASK) will increase by 8.5% to 10% compared to 2019. Capacity (ASK) increase is expected to be 7% in Turkey, 7% in Middle East, 2% in Europe, 17% in Far East, 16% in Americas and 10% in Africa regions.
- In 2020, cargo/mail carried is expected to increase by 7% - 8% reaching 1.60 to 1.65 million tons.
Financial Development (Consolidated)
- Average jet fuel (including fuel hedge) is expected to be 690-700$/ton in 2020.
- The Incorporation is targeting to generate 14.5-14.8 billion USD of consolidated sales revenue.
- Cost per available seat kilometer (CASK), excluding fuel is expected to be flat.
- EBITDAR margn is targeted to be in the band of 23% and 25%.
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20.01.2020 - Public Disclosures
News stating ‘Turkish Airlines is separating its paths with Garanti BBVA, with which it has been cooperating for a long time in the Miles&Smiles program' in some press associations are not reflecting the truth. We announce that our Incorporation continues the existing cooperation with Garanti BBVA.
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10.01.2020 - Public Disclosure
Traffic results for the period of December 2019 are as follows:
• During the period of December 2019, passengers carried decreased by 0.5%, to 5.48 million passengers from 5.5 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 11.5%, and the number of passengers carried in international lines increased by 7.7%.
• Total L/F increased by 0.5 points to 80.7%.
• RPK increased by 8.1% to 12.5 billion during the period of December 2019 from 11.5 billion for the same period of 2018. Decrease in RPK in domestic lines is 9.4% and RPK in international lines increased by 10.7%.
• International-to-international transfer passengers increased by 10.8%.
• International non-transit passengers increased by 2.8% compared to the same period of December 2018.
• Cargo/Mail carried during the period of December 2019 increased by 6% to 137,882 tons, from 130,048 tons in 2018.
• During the period of December 2019, the regional traffic results are as follows:
o Increase in RPK in Far East, Africa, North America, Europe and Middle East are 14.2%, 12.7%, 7.8%, 5% and 1.5%.
o Increase in L/F in Cental and South America, Middle East and North America by 4.8 pt., 3.2 pt. and 1.3 pt.
o Increase in passengers carried in Far East, Africa, North America and Europe are 12.3%, 9.7%, 8.1% and 6.7% respectively.
Traffic results for the period of January-December 2019 are as follows:
• During the period of January-December 2019, passengers carried decreased by 1.1%, to 74.3 million passengers from 75.1 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.5% and the number of international lines increased by 3.8%.
• International-to-international transfer passengers increased by 5.4%, compared to the same period of 2018.
• International Non-transit passengers increased by 1.9%, compared to the period of January–December 2018.
• L/F decreased by 0.3 points to 81.6%.
• ASK increased by 3.1% to 187.7 billion during the period of January-December 2019 from 182 billion for the same period of 2018. ASK in domestic lines decreased by 6.9%, while ASK in international lines increased by 4.6%.
• RPK increased by 2.7% to 153.2 billion during the period of January-December 2019 from 149.1 billion for the same period of 2018. Decrease in RPK in domestic lines is 5.8% while increase in RPK in international lines is 4.1%.
• Number of landings (passenger aircraft) of 493,876 for the period of January-December 2018 decreased by 1.4% to 486,894 in 2019.
• Cargo/Mail carried during the period of January-December 2019 increased by 9.2% to 1,543,028 tons from 1,413,401 tons in 2018.
• By the end of December 2019, the number of aircraft went up to 350 from 332 of December 2018.
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27.12.2019 - Public Disclosures
A new cooperation agreement has been signed between our Incorporation and Kuveyt Turk Participation Bank Inc., in order to establish a new partnership which is going to be valid for five years, with the aim of providing Miles & Smiles Credit Card to THY FFP members within the scope of THY Frequent Flyer Program.
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10.12.2019 - Public Disclosures
• During the period of November 2019, passengers carried increased by 3.7%, to 5.7 million passengers from 5.5 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 2.7%, and the number of passengers carried in international lines increased by 8.5%.
• Total L/F increased by 0.8 points to 82.3%.
• RPK increased by 8.7% to 12.3 billion during the period of November 2019 from 11.3 billion for the same period of 2018. Decrease in RPK in domestic lines is 0.4% and RPK in international lines increased by 10.1%.
• International-to-international transfer passengers increased by 6.3%.
• International non-transit passengers increased by 11.5% compared to the same period of November 2018.
• Cargo/Mail carried during the period of November 2019 increased by 9.5% to 144,033 tons, from 131,565 tons in 2018.
• During the period of November 2019, the regional traffic results are as follows:
o Increase in RPK in Far East, Africa, Europe, North America and Middle East are 12.6%, 11.2%, 6.8%, 6.6% and 3.3%.
o Increase in L/F in Middle East, Domestic, Europe, North America and Africa by 4.4 pt., 1.4 pt., 0.8 pt., 0.4 pt. and 0.2 pt.
o Increase in passengers carried in Far East, Europe, Africa, North America and Middle East are 11.5%, 8.9%, 8.2%, 6.8% and 1.9% respectively.
Traffic results for the period of January-November 2019 are as follows:
• During the period of January-November 2019, passengers carried decreased by 1.2%, to 68.8 million passengers from 69.6 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.2% and the number of international lines increased by 3.5%.
• International-to-international transfer passengers increased by 4.6%, compared to the same period of 2018.
• International Non-transit passengers increased by 2.2%, compared to the period of January–November 2018.
• L/F decreased by 0.4 points to 81.7%.
• ASK increased by 2.7% to 172.3 billion during the period of January-November 2019 from 167.7 billion for the same period of 2018. ASK in domestic lines decreased by 6.7%, while ASK in international lines increased by 4.2%.
• RPK increased by 2.3% to 140.7 billion during the period of January-November 2019 from 137.6 billion for the same period of 2018. Decrease in RPK in domestic lines is 5.5% while increase in RPK in international lines is 3.5%.
• Number of landings (passenger aircraft) of 456,205 for the period of January-November 2018 decreased by 1.4% to 450,040 in 2019.
• Cargo/Mail carried during the period of January-November 2019 increased by 9.5% to 1,404,707 tons from 1,283,352 tons in 2018.
• By the end of November 2019, number of aircraft went up to 348 from 332 of November 2018.
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12.11.2019 - Public Disclosures
Traffic results for the period of October 2019 are as follows:
• During the period of October 2019, passengers carried increased by 1.9%, to 6.6 million passengers from 6.5 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.2%, and the number of passengers carried in international lines increased by 8.8%.
• Total L/F decreased by 0.1 points to 83.8%.
• RPK increased by 7.1% to 13.9 billion during the period of October 2019 from 12.9 billion for the same period of 2018. Decrease in RPK in domestic lines is 5.6% and RPK in international lines increased by 9.1%.
• International-to-international transfer passengers increased by 8.0%.
• International non-transit passengers increased by 9.7% compared to the same period of October 2018.
• Cargo/Mail carried during the period of October 2019 increased by 7.9% to 142,528 tons, from 132,073 tons in 2018.
• During the period of October 2019, the regional traffic results are as follows:
o Increase in RPK in Far East, Middle East, Africa, Europe and North America are 12.5%, 12.2%, 8.4%, 6.7% and 1.0%.
o Increase in L/F in Domestic, North America, Central and South America and Middle East by 1.1 pt., 1.1 pt., 1.0 pt. and 0.2 pt.
o Increase in passengers carried in Middle East, Far East, Europe, Africa and North America are 11.5%, 11.4%, 8.1%, 7.1% and 1.2% respectively.
Traffic results for the period of January-October 2019 are as follows:
• During the period of January-October 2019, passengers carried decreased by 1.6%, to 63.1 million passengers from 64.1 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.5% and the number of international lines increased by 3.1%.
• International-to-international transfer passengers increased by 4.3%, compared to the same period of 2018.
• International Non-transit passengers increased by 1,5%, compared to the period of January–October 2018.
• L/F decreased by 0.5 points to 81.6%.
• ASK increased by 2.3% to 157.3 billion during the period of January-October 2019 from 153.7 billion for the same period of 2018. ASK in domestic lines decreased by 7.1%, while ASK in international lines increased by 3.8%.
• RPK increased by 1.7% to 128.4 billion during the period of January-October 2019 from 126.3 billion for the same period of 2018. Decrease in RPK in domestic lines is 6.0% while increase in RPK in international lines is 2.9%.
• Number of landings (passenger aircraft) of 419,254 for the period of January-October 2018 decreased by 1.5% to 412,810 in 2019.
• Cargo/Mail carried during the period of January-October 2019 increased by 9.3% to 1,259,020 tons from 1,151,788 tons in 2018.
• By the end of October 2019, number of aircraft went up to 346 from 329 of October 2018.
...
01.11.2019 - Public Disclosures
The Federal Aviation Administration (FAA) released an airworthiness directive on 3rd of October about periodic control of pickle fork cracks regarding B737NG aircraft that exceeded a certain number of landings. Our technical team completed the controls of about 20 aircrafts within the scope of the mentioned airworthiness directive. Only one aircraft has been sent to maintenance upon the completion of these controls. Other aircrafts in our B737NG fleet do not require any technical maintenance within the scope of this airworthiness directive.
Developments are followed with Boeing by weekly meetings and announcements released by FAA. Our Incorporation continues to work closely with manufacturers and aviation authorities with the safety first approach.
...
10.10.2019 - Public Disclosures
Traffic results for the period of September 2019 are as follows:
• During the period of September 2019, passengers carried decreased by 1.1%, to 6.7 million passengers from 6.8 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 10.3%, and the number of passengers carried in international lines increased by 5.9%.
• Total L/F decreased by 0.6 points to 82.9%.
• RPK increased by 0.6% to 13.8 billion during the period of September 2019 from 13.3 billion for the same period of 2018. Decrease in RPK in domestic lines is 8.3% and RPK in international lines increased by 5.9%.
• International-to-international transfer passengers increased by 6.2%.
• International non-transit passengers increased by 5.5% compared to the same period of September 2018.
• Cargo/Mail carried during the period of September 2019 increased by 9.8% to 134,504 tons, from 122,472 tons in 2018.
• During the period of September 2019, the regional traffic results are as follows:
o Increase in RPK in Far East, Africa, Europe and Middle East are 10.5%, 7.4%, 6.2% and 6,2%.
o Increase in L/F in Central and South America and North America by 1.1 pt. and 0.7 pt.
o Increase in passengers carried in Far East, Middle East, Europe and Africa are 10.1%, 9.2%, 7.9% and 6.4% respectively.
Traffic results for the period of January-September 2019 are as follows:
• During the period of January-September 2019, passengers carried decreased by 2.0%, to 56.4 million passengers from 57.6 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.6% and the number of international lines increased by 2.4%.
• International-to-international transfer passengers increased by 3.9%, compared to the same period of 2018.
• International Non-transit passengers increased by 0,6%, compared to the period of January–September 2018.
• L/F decreased by 0.6 points to 81.4%.
• ASK increased by 1.8% to 140.6 billion during the period of January-September 2019 from 138.2 billion for the same period of 2018. ASK in domestic lines decreased by 7.1%, while ASK in international lines increased by 3.1%.
• RPK increased by 1.0% to 114.5 billion during the period of January-September 2019 from 113.3 billion for the same period of 2018. Decrease in RPK in domestic lines is 6.0% while increase in RPK in international lines is 2.2%.
• Number of landings (passenger aircraft) of 377,264 for the period of January-September 2018 decreased by 1.7% to 370,713 in 2019.
• Cargo/Mail carried during the period of January-September 2019 increased by 9.6% to 1,119,245 tons from 1,021,013 tons in 2018.
• By the end of September 2019, number of aircraft went up to 344 from 330 of September 2018.
...
18.09.2019 - Public Disclosures
Ref: Public Disclosure dated on 11.06.2018
Hong Kong based We World Express Limited was established as a joint venture of THY Uluslararası Yatırım ve Taşımacılık A.Ş. (Turkish Airlines' 100% subsidiary), ZTO Express (Hong Kong) Limited and PAL Air (Hong Kong ) Limited owning 45%, 45% and 10% respective stakes with the purpose of becoming a global door to door cargo/courier service provider which is focusing e-commerce market.
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11.09.2019 - Public Disclosures
Traffic results for the period of August 2019 are as follows:
• During the period of August 2019, passengers carried decreased by 1.8%, to 7.4 million passengers from 7.5 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 10.7%, and the number of passengers carried in international lines increased by 4.6%.
• Total L/F decreased by 0.8 points to 84.8%, while domestic L/F increased by 0.7 points and reached 88.4%.
• RPK increased by 3.0% to 15.2 billion during the period of August 2019 from 14.7 billion for the same period of 2018. Decrease in RPK in domestic lines is 9.2% and RPK in international lines increased by 4.8%.
• International-to-international transfer passengers increased by 9.4%.
• International non-transit passengers decreased by 0.4% compared to the same period of August 2018.
• Cargo/Mail carried during the period of August 2019 increased by 11.5% to 130,151 tons from 116,682 tons in 2018.
• During the period of August 2019, the regional traffic results are as follows:
o Increase in RPK in Far East, Africa and Europe are 11.2%, 10.5% and 6.0%.
o Increase in L/F in domestic market, North America and Far East by 0.6 pt., 0.4 pt. and 0.3 pt.
o Increase in passengers carried in Far East, Africa, Europe and Middle East are 10.5%, 7.5%, 7.5% and 3.7% respectively.
Traffic results for the period of January-August 2019 are as follows:
• During the period of January-August 2019, passengers carried decreased by 2.1%, to 49.7 million passengers from 50.8 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.2% and the number of international lines increased by 1.9%.
• International-to-international transfer passengers increased by 3.5%, compared to the same period of 2018.
• International Non-transit passengers remained almost unchanged compared to the period of January–August 2018.
• L/F decreased by 0.6 points to 81.2%.
• ASK increased by 1.4% to 124.0 billion during the period of January-August 2019 from 122.3 billion for the same period of 2018. ASK in domestic lines decreased by 7.0%, while ASK in international lines increased by 2.7%.
• RPK increased by 0.6% to 100.7 billion during the period of January-August 2019 from 100.0 billion for the same period of 2018. Decrease in RPK in domestic lines is 5.8% while increase in RPK in international lines is 1.7%.
• Number of landings (passenger aircraft) of 327,568 for the period of January-August 2018 decreased by 1.8% to 333,689 in 2019.
• Cargo/Mail carried during the period of January-August 2019 increased by 9.6% to 985,228 tons from 898,541 tons in 2018.
• By the end of August 2019, number of aircraft went up to 343 from 326 of August 2018.
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04.09.2019 - Public Disclosures
The revised guidance that has been approved by the Board of Directors of our Incorporation regarding the targets and expectations for the year 2019 is as follows:
Traffic Development
-Total number of passengers carried is targeted to reach 76 million including 31 million on domestic routes, 45 million on international routes.
-In 2019, cargo/mail carried is expected to increase by 7% reaching around 1.5 million tonnes.
-While passenger load factor is expected to be in the band of 81% and 82%, total Available Seat Kilometers (ASK) will increase of 4% compared to 2018.
Financial Development (Consolidated)
-In 2019, jet fuel consumption is expected to increase by 6% compared to 2018.
-Average jet fuel (including fuel hedge) is expected to be 690$/ton in 2019.
-The Incorporation is targeting to generate 13.4 billion USD of consolidated sales revenue.
-Cost per available seat kilometer (CASK), excluding fuel is expected to increase by 7%-9%.
-Consolidated EBITDAR margin is targeted to be in the band of 22% and 23%.
...
09.08.2019 - Public Disclosure
Traffic results for the period of July 2019 are as follows:
• During the period of July 2019, passengers carried decreased by 4.8%, to 7.1 million passengers from 7.5 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 11.2%, and the number of passengers carried in international lines maintained steady.
• Total L/F decreased by 2.2 points to 83.2%, while domestic L/F increased by 1.3 points and reached 89.4%.
• RPK decreased by 0.8% to 14.3 billion during the period of July 2019 from 14.4 billion for the same period of 2018. Decrease in RPK in domestic lines is 9.4% and RPK in international lines increased by 0.6%.
• International-to-international transfer passengers increased by 5.6%.
• International Non-transit passengers decreased by 5.9% compared to the same period of July 2018.
• Cargo/Mail carried during the period of July 2019 increased by 12.2% to 134,290 tons from 119,726 tons in 2018.
• During the period of July 2019, the regional traffic results are as follows:
o Increase in RPK in Africa, Far East and Europe are 6.4%, 2.7% and 0.8%.
o Increase in L/F in domestic market and N.America by 1.1 pt. and 0.3 pt..
o Increase in passengers carried in Far East, Africa and Europe are 3.2%, 2.3% and 1.2% respectively.
Traffic results for the period of January-July 2019 are as follows:
• During the period of January-July 2019, passengers carried decreased by 2.2%, to 42.3 million passengers from 43.2 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 6.6% and the number of international lines increased by 1.4%.
• International-to-international transfer passengers increased by 2.5%, compared to the same period of 2018.
• International Non-transit passengers decreased by 0.1% compared to the period of January–July 2018.
• L/F decreased by 0.6 points to 80.6%.
• ASK increased by 0.9% to 106.1 billion during the period of January-July 2019 from 105.1 billion for the same period of 2018. ASK in domestic lines decreased by 6.5%, while ASK in international lines increased by 2.1%.
• RPK increased by 0.2% to 85.5 billion during the period of January-July 2019 from 85.3 billion for the same period of 2018. Decrease in RPK in domestic lines is 5.2% while increase in RPK in international lines is 1.1%.
• Number of landings (passenger aircraft) of 286,408 for the period of January-July 2018 decreased by 2.0% to 280,784 in 2019.
• Cargo/Mail carried during the period of January-July 2019 increased by 8.8% to 850,287 tons from 781,859 tons in 2018.
• By the end of July 2019, number of aircraft went up to 341 from 325 of July 2018.
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01.08.2019 - Public Disclosures
The claims that our company will acquire 20% of the shares of Virgin Australia Holdings Ltd., owned by the HNA Group, made in some media organs yesterday and today do not reflect the truth.
We share our objectives of developing our business partnerships in the Asia-Pacific region with our stakeholders. Any developments in this area will be made public.
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17.07.2019 - Public Disclosures
Within the scope of fuel activities carried out at Istanbul Airport, negotiations have started for IGA Istanbul Havalimanı Akaryakıt Hizmetleri A.Ş., which is responsible for the operation of fuel supply facilities, to become a 25% shareholder through capital increase.
...
09.07.2019 - Public Disclosure
Traffic results for the period of June 2019 are as follows:
•During the period of June 2019, passengers carried increased by 3.2%, to 6.6 million passengers from 6.4 million passengers for the same period of 2018. The number of passengers carried in domestic lines increased by 1.3%, and the number of passengers carried in international lines increased by 4.6%.
•Total L/F increased by 1.2 points to 80.3%, while domestic L/F increased by 4.0 points and reached 86.1%.
•RPK increased by 3.1% to 12.9 billion during the period of June 2019 from 12.5 billion for the same period of 2018. Increase in RPK in domestic lines is 3.9% and RPK in international lines increased by 3.0%.
•International-to-international transfer passengers decreased by 0.2%.
•International Non-transit passengers increased by 10.6% compared to the same period of June 2018.
•Cargo/Mail carried during the period of June 2019 increased by 7.7% to 124,939 tons from 115,967 tons in 2018.
•During the period of March 2019, the regional traffic results are as follows:
oIncrease in RPK in Africa, Middle East, domestic and Europe are 11.1%, 5.2%, 4.2% and 3.2%.
oIncrease in L/F in domestic market, Europe, Africa and Middle East by 4.3 pt., 1.3 pt., 1.1 pt. and 0.9 pt..
oIncrease in passengers carried in Africa, Middle East, Europe and Far East are 9.9%, 7.6%, 4.1% and 2.6% respectively.
Traffic results for the period of January-June 2019 are as follows:
•During the period of January-June 2019, passengers carried decreased by 1.7%, to 35.1 million passengers from 35.7 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 5.8% and the number of international lines increased by 1.6%.
•International-to-international transfer passengers increased by 2.1%, compared to the same period of 2018.
•International Non-transit passengers increased by 1.1% compared to the period of January–June 2018.
•L/F decreased by 0.3 points to 80.1%.
•ASK increased by 0.7% to 88.8 billion during the period of January-June 2019 from 88.1 billion for the same period of 2018. ASK in domestic lines decreased by 5.9%, while ASK in international lines increased by 1.8%.
•RPK increased by 0.4% to 71.1 billion during the period of January-June 2019 from 70.9 billion for the same period of 2018. Decrease in RPK in domestic lines is 4.5% while increase in RPK in international lines is 1.2%.
•Number of landings (passenger aircraft) of 239,361 for the period of January-June 2018 decreased by 1.8% to 235,020 in 2019.
•Cargo/Mail carried during the period of January-June 2019 increased by 8.8% to 720,244 tons from 662,133 tons in 2018.
•By the end of June 2019, number of aircraft went up to 338 from 326 of June 2018.
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28.06.2019 - Public Disclosures
Independent Board Member Mr. Mehmet Muzaffer Akpınar has been assigned as the Chairman and Mr. Ogün Şanlıer as the Member of the Audit Committee;
Independent Board Member Ms. Fatmanur Altun as the Committee Chairman, Board Members Mr. Mithat Görkem and Mr. Orhan Birdal and Investor Relations Manager Mr. Kadir Coşkun, in compliance with the Capital Market Board's Communique on Corporate Governance (II-17.1), as the members of the Corporate Governance Committee;
Independent Board Member Mr. Ogün Şanlıer as the Chairman and Mr. Mehmet Muzaffer Akpınar, as the Member of the Early Identification of Risks Committee;
Chairman of the Board Mr. Mehmet İlker Aycı as the Chairman of the Executive Comittee, Deputy Chairman of the Board Mr. Mecit Eş as the Deputy Chairman of the Executive Committee, Mr. Salim Arda Ermut as the Member of the Executive Committee.
...
28.06.2019 - Public Disclosures
At today's Ordinary General Assembly Meeting, the following members have been assigned to the Board of Directors.
Chairman of the Board: Mr. Mehmet İlker Aycı
Deputy Chairman of the Board: Mr. Mecit Eş
Members of the Board:
Mr. Bilal EKŞİ
Mr. Mehmet Muzaffer AKPINAR
Mr. Ogün ŞANLIER
Mr. Orhan BİRDAL
Ms. Fatmanur ALTUN
Mr. Mithat Görkem AKSOY
Mr. Salim Arda ERMUT
...
24.06.2019 - Public Disclosures
Traffic results for the period of May 2019 are as follows:
•During the period of May 2019, passengers carried decreased by 4.5%, to 5.9 million passengers from 6.1 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 9.6%, and the number of passengers carried in international lines decreased by 0.7%.
•Total L/F decreased by 1.2 points to 77.5%, while domestic L/F decreased by 1.0 points.
•RPK decreased by 0.3% to 12.1 billion during the period of May 2019 from 12.1 billion for the same period of 2018. Decrease in RPK in domestic lines is 8% and RPK in international lines increased by 0.9%.
•International-to-international transfer passengers decreased by 5.1%.
•International Non-transit passengers decreased by 7.4% compared to the same period of May 2018.
•Cargo/Mail carried during the period of May 2019 increased by 11.3% to 131,704 tons from 118,332 tons in 2018.
Traffic results for the period of January- May 2019 are as follows:
•During the period of January- May 2019, passengers carried decreased by 2.8%, to 28.5 million passengers from 29.4 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 7.3% and the number of international lines increased by 1.0%.
•International-to-international transfer passengers increased by 2.4%, compared to the same period of 2018.
•International Non-transit passengers decreased by 0.9% compared to the period of January – May 2018.
•L/F decreased by 0.6 points to 80.1%.
•ASK increased by 0.6% to 72.7 billion during the period of January- May 2019 from 72.3 billion for the same period of 2018. ASK in domestic lines decreased by 6.9%, while ASK in international lines increased by 1.7%.
•RPK decreased by 0.2% to 58.3 billion during the period of January- May 2019 from 58.4 billion for the same period of 2018. Decrease in RPK in domestic lines is 6.3% while increase in RPK in international lines is 0.8%.
•Number of landings (passenger aircraft) of 195,764 for the period of January- May 2018 decreased by 2.3% to 191,214 in 2019.
•Cargo/Mail carried during the period of January- May 2019 increased by 9% to 595,583 tons from 546,166 tons in 2018.
•By the end of May 2019, number of aircraft went up to 336 from 327 of May 2018.
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20.06.2019 - Public Disclosure
International credit rating agency Moody's Investor Service lowered Government of Turkey's long-term issue rating and Turkey's foreign currency bond ceiling to B1. Since Turkish Airlines' credit rating aligned to the foreign currency bond ceiling, Moody's has downgraded the corporate family ratings of Turkish Airlines to B1 negative from Ba3 negative.
Along with this, issue ratings of Turkish Airlines' Enhanced Equipment Trust Certificates (EETCs), which have been issued in 2015, have also been reviewed, and as a result, they were lowered to Ba3 from Ba1.
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29.05.2019 - Public Disclosure
The Board of Directors of our Incorporation hereby invites you to attend the Ordinary General Assembly of Shareholders to be held on 28th of June 2019, Friday, at 14:30 p.m., instead of 31st of May 2019, at 14:30 p.m., which was announced before, at the General Management Building located at Yeşilköy Mahallesi, Havaalanı Cad. No.3/1 Bakırköy/İstanbul, in order to discuss the below-mentioned agenda and pass resolutions with regard thereto.
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27.05.2019 - Public Disclosures
Ref: Public Disclosure dated 19.07.2018
As a result of the negotions to continue our partnership with DO & CO, in THY DO & CO İkram Hizmetleri A.Ş., which is a subsidiary of our Incorporation, it has been decided to sign a catering contract for a duration of 15 years for all domestic, international and charter flights of Turkish Airlines from airports in Turkey. Furthermore, the agreement provides for the sale of the hotel in Istanbul from THY DO & CO İkram Hizmetleri A.Ş to our Incorporation. The finalization of these transactions is subject to several conditions precedent, in particular the clearance by the competent competition authorities.
...
09.05.2019 - Public Disclosure
Traffic results for the period of April 2019 are as follows:
•During the period of April 2019, passengers carried decreased by 8.3%, to 5.9 million passengers from 6.4 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 12.4%, and the number of passengers carried in international lines decreased by 5%.
•Total L/F decreased by 0.2 points to 82.9%, while domestic L/F increased by 2.5 points.
•RPK decreased by 5.2% to 11.9 billion during the period of April 2019 from 12.6 billion for the same period of 2018. Decrease in RPK in domestic lines is 11% and RPK in international lines decreased by 4.2%.
•International-to-international transfer passengers decreased by 7.3%.
•International Non-transit passengers increased by 2.2% compared to the same period of April 2018.
•Cargo/Mail carried during the period of April 2019 decreased by 12.9% to 98,869 tons from 113,462tons in 2018.
Traffic results for the period of January-April 2019 are as follows:
•During the period of January-April 2019, passengers carried decreased by 2.4%, to 22.7 million passengers from 23.2 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 6.8% and the number of international lines increased by 1.3%.
•International-to-international transfer passengers increased by 1.5%, compared to the same period of 2018.
•International Non-transit passengers increased by 1.1% compared to the period of January – April 2018.
•L/F decreased by 0.4 points to 80.8%.
•ASK increased by 0.3% to 57 billion during the period of January- April 2019 from 56.9 billion for the same period of 2018. ASK in domestic lines decreased by 7%, while ASK in international lines increased by 1.5%.
•RPK decreased by 0.2% to 46.1 billion during the period of January- April 2019 from 46.2 billion for the same period of 2018. Decrease in RPK in domestic lines is 6.0% while increase in RPK in international lines is 0.8%.
•Number of landings (passenger aircraft) of 154,467 for the period of January-April 2018 decreased by 2.7% to 150,242 in 2019.
•Cargo/Mail carried during the period of January- April 2019 increased by 8.3% to 463,289 tons from 427,834 tons in 2018.
•By the end of April 2019, number of aircraft went up to 335 from 326 of April 2018.
...
09.05.2019 - Public Disclosure
According to the consolidated financial statements belonging to the accounting period of 01.01.2018-31.12.2018 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is TL 4.045.000.000. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law, due to the differences between Turkish Accounting standards and IFRS standards) the net loss of the period is TL 8.115.218.355 and previous years' loss account has a balance of TL 10.055.207.776. The following resolution will be submitted to the approval of the General Assembly:
The loss amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net profit of TL 4.045.000.000 (according to IFRS) will be transferred to the previous years' profit account. Attached you may find the 2018 Profit Distribution Table.
...
09.05.2019 - Public Disclosure
The conclusion section of the "Common and Continuous Related Party Transactions Report" prepared by the Board of Directors as per Article 10 of the Capital Markets Board's Communique No.II-17.1 on Corporate Governance is provided below for the information of our shareholders.
Conclusion Section of the Report on Related Party Transactions:
As per Article 10 of the Capital Market's Board's Communique No.II-17.1 on Corporate Governance; The Board of Directors of the Incorporation issued a report on Related Party Transactions, due to the fact that the rate of the amount of common and continuous fuel supply /purchasing transactions executed between Turkish Airlines and THY Opet Havacılık Yakıtları A.Ş. in 2018, exceeded 10%, compared to the cost of sales in 2018 financial statements disclosed to public; and that it is also foreseen that transactions with similar features will continue in 2019, in accordance with the determined principles. These transactions mentioned in the aforementioned report are considered to be made consistent with the transactions of previous years and at-arm's length when compared with market conditions.
...
17.04.2019 - Public Disclosures
As a result of the negotiations held between Turkish Airlines Inc. and Hava-Iş Union, 26th Collective Bargaining Agreement has been signed, covering 3 years period starting from January 1st, 2019.
According to the Agreement, the wage increase for the first half of 2019 will be 12.19% which is calculated by adding 2% to 10.19%, Consumer Price Index change between period of June 2018 and December 2018. 1.5%, 2%, 1.5%, 1%, and 1% will be added to related periods CPI change for the second half of 2019, for the first half of 2020, for the second half of 2020, for the first half of 2021 and for the second half of 2021, respectively. Apart from the wage increases the monthly-paid social aid will increase from 750.-TL to 865.-TL for the first year, from 865.-TL to 955.-TL for the second year and from 955.-TL to 1,050.-TL for the third year. A onetime net payment of 5,000.-TL will be made to the unionized staff.
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12.04.2019 - Public Disclosures
Traffic results for the period of March 2019 are as follows:
• During the period of March 2019, passengers carried decreased by 1.1%, to 5.89 million passengers from 5.96 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 5.7%, while the number of passengers carried in international lines increased by 2.6%.
• Total L/F decreased by 1.1 points to 80.9%, while domestic L/F increased by 0.6 points.
• RPK decreased by 0.1% to 11.991 billion during the period of March 2019 from 11.998 billion for the same period of 2018. Decrease in RPK in domestic lines is 5.4%, while increase in RPK in international lines is 0.8%.
• International-to-international transfer passengers increased by 1.2%.
• International Non-transit passengers increased by 4.5% compared to the same period of March 2018.
• Cargo/Mail carried during the period of March 2019 increased by 17.1% to 137,531 tons from 117,451 tons in 2018.
• During the period of March 2019, the regional traffic results are as follows:
o Increase in RPK in Middle East, Europe, N. America and Far East are 2.8%, 4.4%, 0.1%,
o Increase in L/F in domestic market by 0.4 pt.,
o Increase in passengers carried in Middle East, Europe and Far East are 6.2%, 4.5%, and 2.2% respectively.
Traffic results for the period of January-March 2019 are as follows:
• During the period of January-March 2019, passengers carried decreased by 0.1%, to 16.75 million passengers from 16.76 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 4.7% and the number of international lines increased by 3.9%.
• International-to-international transfer passengers increased by 4.3%, compared to the same period of 2018.
• International Non-transit passengers increased by 3.2% compared to the period of January – March 2018.
• L/F decreased by 0.4 points to 80.1%.
• ASK increased by 2.2% to 42.65 billion during the period of January- March 2019 from 41.72 billion for the same period of 2018. ASK in domestic lines decreased by 4.7%, while ASK in international lines increased by 3.3%.
• RPK increased by 1.7% to 34.15 billion during the period of January- March 2019 from 33.6 billion for the same period of 2018. Decrease in RPK in domestic lines is 4.1% while increase in RPK in international lines is 2.6%.
• Number of landings (passenger aircraft) of 113,157 for the period of January-March 2018 decreased by 0.3% to 112,846 in 2019.
• Cargo/Mail carried during the period of January- March 2019 increased by 15.6% to 363,297 tons from 314,372 tons in 2018.
• By the end of March 2019, number of aircraft went up to 336 from 327 of March 2018. While the number of wide body aircraft went down to 89 from 90, the number of narrow body aircraft increased to 224 from 219 and cargo aircraft went up to 23 from 18.
...
21.03.2019 - Public Disclosures
Recently, it is rumored that the Sovereign Wealth Fund of Turkey plans to sell its 49% shares of Turkish Airlines to a foreign airline. These rumors, which have been shared and repeated continuously in social media including those shared on 20th of march, do not represent the truth. We announce that these unprofessionally prepared news, which primarily have been formed to damage our brand and our market value, will be dealt with all our legal rights.
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12.03.2019 - Public Disclosures
Traffic results for the period of February 2019 are as follows:
• During the period of February 2019, passengers carried increased by 1.1%, to 5.17 million passengers from 5.12 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 5%, while the number of passengers carried in international lines increased by 6.3%.
• Total L/F increased by 0.1 point to 79.8%, while international L/F increased by 0.1 point.
• RPK increased by 3.1% to 10.5 billion during the period of February 2019 from 10.2 billion for the same period of 2018. Decrease in RPK in domestic lines is 4.7%, while increase in RPK in international lines is 4.4%.
• International-to-international transfer passengers increased by 6.8%.
• International Non-transit passengers increased by 5.7% compared to the same period of February 2018.
• Cargo/Mail carried during the period of February 2019 increased by 16.1% to 115,056 tons from 99,112 tons in 2018.
• During the period of February 2019, the regional traffic results are as follows:
o Increase in RPK in Middle East, Europe, N. America and Far East are 11.0%, 7.5%, 2.7% and 2.6%,
o Increase in L/F in N. America, Middle East and Far East are 2.6 pt., 1.2 pt. and 1.0 pt.,
o Increase in passengers carried in Middle East, Europe, Far East and N. America are 13.9%, 7.7%, 4.8% and 2.6% respectively.
Traffic results for the period of January-February 2019 are as follows:
• During the period of January-February 2019, passengers carried increased by 0.4%, to 10.85 million passengers from 10.81 million passengers for the same period of 2018. The number of passengers carried in domestic lines decreased by 4.2% and the number of international lines increased by 4.5%.
• International-to-international transfer passengers increased by 6.3%, compared to the same period of 2018.
• International Non-transit passengers increased by 2.1% compared to the period of January – February 2018.
• L/F remained in the same level with a slightly decrease by 0.1 point to 79.6%.
• ASK increased by 2.7% to 27.82 billion during the period of January- February 2019 from 27.08 billion for the same period of 2018. ASK in domestic lines decreased by 4.0%, while ASK in international lines increased by 3.8%.
• RPK increased by 2.6% to 22.1 billion during the period of January- February 2019 from 21.6 billion for the same period of 2018. Decrease in RPK in domestic lines is 3.5% while increase in RPK in international lines is 3.6%.
• Number of landings (passenger aircraft) of 73,473 for the period of January-February 2018 increased by 0.4% to 73,765 in 2019.
• Cargo/Mail carried during the period of January- February 2019 increased by 15.2% to 226,855 tons from 196,922 tons in 2018.
• By the end of February 2019, number of aircraft went up to 338 from 328 of February 2018. While number of wide body aircraft went up to 92 from 90, the number of narrow body aircraft increased to 223 from 220 and cargo aircraft went up to 23 from 18.
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14.02.2019 - Public Disclosures - Notification About News and Rumours
There has been some news in Cumhuriyet and Gazete Duvar websites dated February 12th, 2019, claiming that our Incorporation is planning to acquire shares from Istanbul Airport and the debt obligation will be increasing due to this transaction.
The aforementioned news does not reflect the reality and there is no evaluation or a decision made by the Board of Directors regarding a stake acqusition from İstanbul Airport. In order to continue our operations in a smooth way, Incorporation has focused on the transition to Istanbul Airport and investments in the fleet growth.
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12.02.2019 - Public Disclosures
Traffic results for the period of January 2019 are as follows:
•During the period of January 2019, passengers carried stayed at 5.7 million passengers from 5.7 million passengers for the same period of 2019. The number of passengers carried in domestic lines decreased by 3.5%, while the number of passengers carried in international lines increased by 2.8%.
•L/F decreased by -0.3 point to 79.5%.
•ASK increased by 2.5% to 14.6 billion during the period of January 2019 from 14.4 billion for the same period of 2018. ASK in domestic lines decreased by -0,7%, while the ASK in international lines increased by 3.1%.
•RPK increased by 2.2% to 11.6 billion during the period of January 2019 from 11.4 billion for the same period of 2018. Decrease in RPK in domestic lines is 0.8%, while increase in RPK in international lines is 2.7%.
•International-to-international transfer passengers increased by 5.2%.
•Cargo/Mail carried during the period of January 2019 increased by 14.9% to 112,404 tons from 97,810 tons in 2018.
•During the period of January 2019, the regional traffic results are as follows:
o Increase in RPK in Middle East, Far East, Europe and Africa are 7.8%, 4,5%, 2.2% and 1.6%,
o Increase in L/F in C.& S. America, Far East, N. America are 2.7 pt., 1.4 pt., and 0.7 pt.,
o Increase in passengers carried in Middle East, Far East, Europe and Africa are 9.4%, 5.8%, 3.2% and 1.3% respectively.
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14.01.2019 - Public Disclosures
According to the non-consolidated 2019 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2019 is as follows:
Traffic Development
• Total number of passengers carried is targeted to reach 80 million including 33 million on domestic routes, 47 million on international routes.
• While passenger load factor is expected to be in the band of 81% and 82%, total Available Seat Kilometers (ASK) will approximately reach to 195 billion with an increase of 7% to 8% compared to 2018. Capacity (ASK) increase is expected to be 3% in Turkey, 11% in Middle East, 6% in Europe, 8% in Far East, 7% in America and 15% in Africa regions.
• In 2019, cargo/mail carried is expected to increase by 3% - 4% reaching around 1.45 million tonnes.
Financial Development (Consolidated)
• In 2019, jet fuel consumption is expected to increase by 8% to 9% compared to 2018.
• Average jet fuel (including fuel hedge) is expected to be 715$/ton in 2019.
• The Incorporation is targeting to generate 14.1 billion USD of sales revenue.
• Cost per available seat kilometer (CASK), excluding fuel is expected to increase by 3%-5%.
• Consolidated EBITDAR margin is targeted to be in the band of 22% and 24%.
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10.01.2019 - Public Disclosures
Traffic results for the period of December 2018 are as follows:
•During the period of December 2018, passengers carried increased by 0.7%, to 5.51 million passengers from 5.47 million passengers for the same period of 2017. The number of passengers carried in domestic lines decreased by 4.5%, while the number of passengers carried in international lines increased by 5.0%.
•Total L/F increased by 0.5 point to 80.2%, while international L/F increased by 0.5 point.
•RPK increased by 2.6% to 11.5 billion during the period of December 2018 from 11.2 billion for the same period of 2017. Decrease in RPK in domestic lines is 3.1%, while increase in RPK in international lines is 3.5%.
•International-to-international transfer passengers increased by 3.1%.
•International Non-transit passengers increased by 8.2% compared to the same period of December 2017.
•Cargo/Mail carried during the period of December 2018 increased by 19.4% to 128,536 tons from 107,641 tons in 2017.
•During the period of December 2018, the regional traffic results are as follows:
oIncrease in RPK in Middle East, Europe, Far East and Africa are 7.4%, 5.8%, 2.9% and 1.6%,
oIncrease in L/F in Africa, Far East, Middle East and N. America are 2.5 pt., 1.4 pt., 1.2 pt., and 0.7 pt.,
oIncrease in passengers carried in Middle East, Europe, Far East and Africa are 10.0%, 6.1%, 3.6% and 1.9% respectively.
Traffic results for the period of January-December 2018 are as follows:
•During the period of January-December 2018, passengers carried increased by 9.5%, to 75.2 million passengers from 68.6 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 9.4% and 9.6%, respectively.
•International-to-international transfer passengers increased by 7.8%, compared to the same period of 2017.
•International Non-transit passengers increased by 12.0% compared to the period of January – December 2017.
•L/F increased by 2.8 point to 81.9%.
•ASK increased by 5.2% to 182 billion during the period of January- December 2018 from 173 billion for the same period of 2017. ASK in domestic lines increased by 7.6%, while ASK in international lines increased by 4.8%.
•RPK increased by 8.9% to 149.2 billion during the period of January- December 2018 from 136.9 billion for the same period of 2017. Increase in RPK in domestic and international lines are 9.3% and 8.9%, respectively.
•Number of landings (passenger aircraft) of 469,580 for the period of January-December 2017 increased by 5.2% to 493,876 in 2018.
•Cargo/Mail carried during the period of January- December 2018 increased by 24,8% to 1,412,423 tons from 1,131,855 tons in 2017.
•By the end of December 2018, number of aircraft went up to 332 from 329 of December 2017. While number of wide body aircraft increased to 92 from 90, number of narrow body aircraft decreased from 223 to 218 and cargo aircraft went up to 22 from 16.
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21.12.2018 - Public Disclosures
A Codeshare agreement has been signed between our Incorporation and InterGlobe Aviation Ltd.(“IndiGo”), India’s largest domestic carrier. The Codeshare agreement which will be effective after obtaining all necessary board and regulatory approvals, will cover the routes between two countries and beyond destinations for both airlines. The aforementioned agreement has a special importance for our Incorporation as it is the first international codeshare agreement for IndiGo which is the first Indian carrier starting flights to Turkey.
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10.12.2018 - Public Disclosures
Traffic results for the period of November 2018 are as follows:
• During the period of November 2018, passengers carried increased by 3.9%, to 5.5 million passengers from 5.3 million passengers for the same period of 2017. The number of passengers carried in domestic lines decreased by 2.9%, while the number of passengers carried in international lines increased by 9.8%
• Total L/F increased by 2.0 point to 81.4%, while international L/F increased by 2.5 point. • RPK increased by 6.8% to 11.3 billion during the period of November 2018 from 10.6 billion for the same period of 2017. Decrease in RPK in domestic lines is 2.1%, while increase in RPK in international lines is 8.4%.
• International-to-international transfer passengers increased by 7.7%.
• International Non-transit passengers increased by 12.9% compared to the period of November 2017.
• Cargo/Mail carried during the period of November 2018 increased by 24.6% to 130,682 tons from 104,854 tons in 2017.
• During the period of November 2018, the regional traffic results are as follows: o Increase in RPK in Middle East, Africa, Europe, Far East and N. America are 13.2%, 10.5%, 9.1%, 6.4% and 5.8%, o Increase in L/F in Africa, N. America, Far East and Middle East are 5.2 pt., 4.8 pt., 3.1 pt., and 2.0 pt., o Increase in passengers carried in Middle East, Africa, Europe, Far East and N. America are 15.6%, 12.6%, 9.4%, 7.4% and 5.5% respectively.
Traffic results for the period of January- November 2018 are as follows:
• During the period of January- November 2018, passengers carried increased by 10.3%, to 69.7 million passengers from 63.2 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 10.6% and 10.0%, respectively. • International-to-international transfer passengers increased by 8.2%, compared to the same period of 2017. • International Non-transit passengers increased by 12.3% compared to the period of January – November 2017. • L/F increased by 3.0 point to 82.1%. • ASK increased by 5.4% to 167.7 billion during the period of January- November 2018 from 159 billion for the same period of 2017. ASK in domestic lines increased by 8.7%, while ASK in international lines increased by 5.0%. • RPK increased by 9.5% to 137.6 billion during the period of January- November 2018 from 125.7 billion for the same period of 2017. Increase in RPK in domestic and international lines are 10.4% and 9.4%, respectively. • Number of landings (passenger aircraft) of 432,024 for the period of January-November 2017 increased by 5.6% to 456,201 in 2018. • Cargo/Mail carried during the period of January- November 2018 increased by 25.2% to 1,282,793 tons from 1,024,214 tons in 2017. • By the end of November 2018, number of aircraft went up to 332 from 329 of November 2017. While number of wide body aircraft increased to 92 from 90, number of narrow body aircraft decreased from 223 to 219 and cargo aircraft went up to 21 from 16.
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09.11.2018 - Public Disclosures
Traffic results for the period of October 2018 are as follows:
• During the period of October 2018, passengers carried increased by 5.1%, to 6.5 million passengers from 6.2 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 2.5% and 7.2%, respectively.
• Total L/F increased by 2.4 point to 83.4%, while international L/F increased by 2.9 point.
• RPK increased by 5.5% to 13.0 billion during the period of October 2018 from 12.3 billion for the same period of 2017. Increase in RPK in domestic and international lines are 2.1% and 6.0%, respectively. • International-to-international transfer passengers increased by 6.7%.
• International Non-transit passengers increased by 8.0% compared to the period of October 2017.
• Cargo/Mail carried during the period of October 2018 increased by 24.3% to 131.126 tons from 105.487 tons in 2017.
• During the period of October 2018, the regional traffic results are as follows: o Increase in RPK in Africa, Europe, Middle East, N. America and Domestic Lines are 13.9%, 9.6%, 8.5%, 6.6% and 5.0%, o Increase in L/F in Africa, N. America, Europe and Far East are 6.8 pt., 4.2 pt., 3.3 pt., and 2.5 pt., o Increase in passengers carried in Africa, Middle East, Europe and N. America are 16.3%, 10.4%, 10.2% and 6.1% respectively.
Traffic results for the period of January- October 2018 are as follows:
• During the period of January- October 2018, passengers carried increased by 10.9%, to 64.2 million passengers from 57.8 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 11.9% and 10.2%, respectively.
• International-to-international transfer passengers increased by 8.2%, compared to the same period of 2017.
• International Non-transit passengers increased by 12.6% compared to the period of January – October 2017.
• L/F increased by 3.1 point to 82.2%.
• ASK increased by 5.6% to 153.8 billion during the period of January- October 2018 from 145.6 billion for the same period of 2017. ASK in domestic lines increased by 9.6%, while ASK in international lines increased by 5.0%. • RPK increased by 9.8% to 126.4 billion during the period of January- October 2018 from 115.1 billion for the same period of 2017. Increase in RPK in domestic and international lines are 11.6% and 9.5%, respectively.
• Number of landings (passenger aircraft) of 395,797 for the period of January-October 2017 increased by 5.9% to 419,239 in 2018.
• Cargo/Mail carried during the period of January- October 2018 increased by 25.1% to 1,149,830 tons from 919,359 tons in 2017.
• By the end of October 2018, the number of aircraft was 329 remained same as in October 2017. While number of wide body aircraft increased to 92 from 90, number of narrow body aircraft decreased from 223 to 217 and cargo aircraft went up to 20 from 16.
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23.10.2018 - Public Disclosures
Ref: Public Disclosure dated 19.07.2018
Türk Havayolları A.O. announces that it has agreed with DO & CO Aktiengesellschaft to extend the cooperation through the joint company THY DO&CO İkram Hizmetleri A.Ş. for further 15 years subject to board and regulatory approvals and satisfactory documentation.
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10.10.2018 - Public Disclosures
Traffic results for the period of September 2018 are as follows:
• During the period of September 2018 passengers carried increased by 1.3%, to 6.8 million passengers from 6.7 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 2.1% and 0.6%, respectively.
• Total L/F increased by 2.0 point to 83.4%, while international L/F increased by 2.0 point.
• RPK increased by 1.2% to 13.3 billion during the period of September 2018 from 13.1 billion for the same period of 2017. Increase in RPK in domestic and international lines are 1.7% and 1.2%, respectively.
• International-to-international transfer passengers increased by 2.7%.
• International Non-transit passengers decreased by 1.6% compared to the period of September 2017.
• Cargo/Mail carried during the period of September 2018 increased by 22.0% to 120.763 tons from 98.998 tons in 2017.
• During the period of September 2018, the regional traffic results are as follows:
o Increase in RPK in Africa, Europe, N. America and Far East are 13.2%, 9.2%, 4.7% and 3.5%,
o Increase in L/F in Africa, Europe, Domestic and Far East are 6.8 pt., 2.4 pt., 2.2 pt., and 1.7 pt.,
o Increase in passengers carried in Africa, Europe, N. America and Far East are 14.2%, 9.2%, 4.5% and 3.7% respectively.
Traffic results for the period of January- September 2018 are as follows:
• During the period of January- September 2018 passengers carried increased by 11.6%, to 57.6 million passengers from 51.6 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 13.1% and 10.5%, respectively.
• International-to-international transfer passengers increased by 8.3%, compared to the same period of 2017.
• International Non-transit passengers increased by 13.1% compared to the period of January – September 2017.
• L/F increased by 3.2 point to 82.0%.
• ASK increased by 6.0% to 138.3 billion during the period of January- September 2018 from 130.5 billion for the same period of 2017. ASK in domestic lines increased by 10.4%, while ASK in international lines increased by 5.3%.
• RPK increased by 10.3% to 113.4 billion during the period of January- September 2018 from 102.8 billion for the same period of 2017. Increase in RPK in domestic and international lines are 12.8% and 9.9%, respectively.
• Number of landings (passenger aircraft) of 354,784 for the period of January-September 2017 increased by 6.3% to 377,258 in 2018.
• Cargo/Mail carried during the period of January- September 2018 increased by 24.8% to 1,016,075 tons from 813,873 tons in 2017.
• By the end of September 2018, number of aircraft went up to 330 from 328 of September 2017. While number of wide body aircraft increased to 92 from 90, number of narrow body aircraft decreased from 223 to 218 and cargo aircraft went up to 20 from 15.
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26.09.2018 - Public Disclosures
Ref: Public Disclosure dated 11.06.2018
The Incorporation has decided to establish, "THY Uluslararası Yatırım ve Taşımacılık A.Ş." in order to invest at abroad and domestically, principally in the fields of cargo and courier transportation and in the fields that is specified in the Articles of Association of the Company. The aforementioned Company, which is wholly-owned by the Incorporation, is established with the cash capital of 10,000,000 TRY (Ten Million Turkish Liras).
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14.09.2018 - Public Disclosures
Traffic results for the period of August 2018 are as follows:
• During the period of August 2018 passengers carried increased by 2.4%, to 7.6 million passengers from 7.4 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 2.5% and 2.3%, respectively.
• Total L/F increased by 1,3 point to 85.6%, while international L/F increased by 1.1 point.
• RPK increased by 2.0% to 14.7 billion during the period of August 2018 from 14.4 billion for the same period of 2017. Increase in RPK in domestic and international lines are 3.3% and 1.8%, respectively.
• International-to-international transfer passengers increased by 1.2%.
• International Non-transit passengers increased by 3.4% compared to the period of August 2017.
• Cargo/Mail carried during the period of August 2018 increased by 20.8% to 117,655 tons from 97,417 tons in 2017.
• During the period of August 2018, the regional traffic results are as follows:
o Increase in RPK in Europe, Africa, Far East and N. America 7.3%, 4.9%, 3.2% and 3.1%.
o Increase in L/F in Africa, Far East, Domestic and N. America are 3.1 pt., 2.3 pt., 2.2 pt., and 2.1 pt.,
o Increase in passengers carried in Europe, Africa, N. America and Middle East are 7.2%, 5.2%, 2.7% and 2.5% respectively.
Traffic results for the period of January- August 2018 are as follows:
• During the period of January- August 2018 passengers carried increased by 13.1%, to 50.7 million passengers from 44.9 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 14.7% and 11.9%, respectively.
• International-to-international transfer passengers increased by 9.0%, compared to the same period of 2017.
• International Non-transit passengers increased by 15.5% compared to the period of January - August 2017.
• L/F increased by 3.4 point to 81.8%.
• ASK increased by 6.9% to 122.3 billion during the period of January- August 2018 from 114.3 billion for the same period of 2017. ASK in domestic lines increased by 12.1%, while ASK in international lines increased by 6.2%.
• RPK increased by 11.6% to 100.0 billion during the period of January- August 2018 from 89.6 billion for the same period of 2017. Increase in RPK in domestic and international lines are 14.4% and 11.1%, respectively.
• Number of landings (passenger aircraft) of 310,285 for the period of January-August 2017 increased by 7.5% to 333.670 in 2018.
• Cargo/Mail carried during the period of January- August 2018 increased by 25.5% to 897,521 tons from 714,875 tons in 2017.
• By the end of August 2018, number of aircraft went down to 326 from 329 of August 2017. While number of wide body aircraft increased to 92 from 90, number of narrow body aircraft decreased from 224 to 216 and cargo aircraft went up to 18 from 15.
...
12.09.2018 - Public Disclosures
The Incorporation has decided to establish a Republic of Albanian based Joint Venture Company, in order to operate in the field of passenger and cargo transportation. The aforementioned company will be established with the capital up to 30 million USD and the stakes of 49%, 41% and 10% is being held respectively by Turkish Airlines, MDN Investment SHPK, and Albcontrol, which manages Albanian airspace and air traffic, representing Government of Albania.
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29.08.2018 - Public Disclosures
There has been some news claiming our General Manager stated that there will be decrease in ticket prices after move to the new airport due to competition and annual capacity growth will be above 10% with addition to new aircraft in our fleet until the end of 2018.
We anticipate that our two-year total capacity growth will exceed 10% between the year of 2019 and 2020. After move to Istanbul New Airport, we also anticipate that our ticket price will be competitive compared to our competitors taking into account of our capacity growth and pricing policy of other airlines which will operate in the new airport. After Istanbul New Airport enters into service, we foresee that ticket price will be determined by the direction of competition and demand as it was in the past.
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29.08.2018 - Public Disclosures
Ref: Public Disclosures dated 17.11.2017
Previously, we have informed that Turkish Airlines Inc. has decided to establish, "THY Havaalanı Gayrimenkul Yatırım ve İşletme Anonim Şirketi", in order to operate principally in the fields of airport operations and investments and in the fields of other activity that is specified in the Articles of Association of the Company. THY Havaalanı Gayrimenkul Yatırım ve İşletme Anonim Şirketi has been conducting research on airports which operates in Turkey or abroad for investment partnership purposes. There is no finalized agreement process yet.
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09.08.2018 - Public Disclosures
Traffic results for the period of July 2018 are as follows:
• During the period of July 2018 passengers carried increased by 3.8%, to 7.5 million passengers from 7.2 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 2.6% and 4.7%, respectively.
• Total L/F increased by 1,5 point to 85.3%, while international L/F increased by 1.7 point.
• RPK increased by 3.8% to 14.4 billion during the period of July 2018 from 13.9 billion for the same period of 2017. Increase in RPK in domestic and international lines are 2.4% and 4.0%, respectively. • International-to-international transfer passengers increased by 2.7%.
• International Non-transit passengers increased by 6.8% compared to the period of July 2017.
• Cargo/Mail carried during the period of July 2018 increased by 19.6% to 119,098 tons from 99,574 tons in 2017.
• During the period of July 2018, the regional traffic results are as follows:
o Increase in RPK in Middle East, Europe and Africa are 9.7%, 9.3%, and 9.0%.
o Increase in L/F in Africa, Middle East and N. America are 5.4 pt., 4.1 pt., and 3.4 pt.,
o Increase in passengers carried in Africa, Europe and Middle East are 10.0%, 9.5% and 8.0% respectively.
Traffic results for the period of January- July 2018 are as follows:
• During the period of January- July 2018 passengers carried increased by 15.2%, to 43.2 million passengers from 37.5 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 17.0% and 13.8%, respectively.
• International-to-international transfer passengers increased by 10.4%, compared to the same period of 2017.
• International Non-transit passengers increased by 18.3% compared to the period of January - July 2017.
• L/F increased by 3.8 point to 81.2%.
• ASK increased by 8.1% to 105.1 billion during the period of January- July 2018 from 97.2 billion for the same period of 2017. ASK in domestic lines increased by 14.2%, while ASK in international lines increased by 7.2%.
• RPK increased by 13.4% to 85.3 billion during the period of January- July 2018 from 75.2 billion for the same period of 2017. Increase in RPK in domestic and international lines are 16.5% and 12.9%, respectively.
• Number of landings (passenger aircraft) of 262,964 for the period of January- July 2017 increased by 8.9% to 286,360 in 2018.
• Cargo/Mail carried during the period of January- July 2018 increased by 26.3% to 779,626 tons from 617,458 tons in 2017.
• By the end of July 2018, number of aircraft went down to 325 from 331 of July 2017. While number of wide body aircraft increased to 92 from 90, number of narrow body aircraft decreased from 226 to 215 and cargo aircraft went up to 18 from 15.
...
09.08.2018 - Public Disclosures
The revised guidance that has been approved by the Board of Directors of our Incorporation regarding the targets and expectations for the year 2018 is as follows:
Traffic Development
• Total number of passengers carried is targeted to reach 75 million, including 33 million on domestic routes, 42 million on international routes.
• While passenger load factor is expected to be around 81%, total Available Seat Kilometers (ASK) will be between 5% and 6% compared to 2017.
• In 2018, cargo/mail carried is expected to increase by 21% reaching 1.3 million tonnes.
Financial Development (Unconsolidated)
• In 2018, jet fuel consumption is expected to increase by 9%.
• Average jet fuel (including fuel hedge) is expected to be around 700$/ton in 2018.
• The Incorporation is targeting to generate 12.5 billion USD of sales revenue.
• Cost per available seat kilometer (CASK), excluding fuel is expected to increase by between 3%-5%.
• Unconsolidated EBITDAR margn is targeted to be around 23%, whereas consolidated EBITDAR margn is targeted to be around 25%.
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19.07.2018-Public Disclosures
Our Incorporation has started negotiations with our current catering provider, THY DO&CO İkram Hizmetleri A.Ş., a joint venture between DO&CO AG and Turkish Airlines, regarding the procurement of catering services at Istanbul New Airport and other airports in Turkey. The material developments will be disclosed to public.
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19.07.2018 - Public Disclosures
Ref: Public Disclosures dated 17.10.2017 and 16.04.2018
Previously, we have informed that Turkish Airlines has entered into a memorandum of agreement (MOA) with SATS Investments Pte. Ltd. ("SIPL"), a subsidiary of SATS Ltd (SATS), regarding the procurement of catering services at Istanbul New Airport, applicable upon transfer of Turkish Airlines' operations thereto and subsequently that an additional contract has been signed between the parties, extending the period of the aforementioned MOA.
Following our discussions with SIPL and in accordance with the decision of the Board, the parties would like to announce that the parties have mutually agreed to terminate the MOA.
...
10.07.2018-Public Disclosures
Traffic results for the period of June 2018 are as follows:
• During the period of June 2018 passengers carried increased by 10.6%, to 6.3 million passengers from 5.7 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 14.5% and 7.8%, respectively.
• Total L/F increased by 2.6 point to 79%, while international L/F increased by 2.7 point.
• RPK increased by 8.2% to 12.4 billion during the period of June 2018 from 11.5 billion for the same period of 2017. Increase in RPK in domestic and international lines are 14.6% and 7.2%, respectively.
• International-to-international transfer passengers increased by 0.7%.
• International Non-transit passengers increased by 16,9% compared to the period of June 2017.
• Cargo/Mail carried during the period of June 2018 increased by 18.6% to 115,989 tons from 97,828 tons in 2017.
• During the period of June 2018, the regional traffic results are as follows:
o Increase in RPK in Europe, Africa, Domestic Lines and Middle East are 15.1%, 14.3%, 13.8% and 11.4%.
o Increase in L/F in Africa, N. America, Far East and Europe are 7 pt., 4.6 pt., 4.2 pt. and 3.1 pt.,
o Increase in passengers carried in Africa, Europe, Domestic Lines and Middle East are 15.7%, 15%, 13.8% and 10.2% respectively.
Traffic results for the period of January- June 2018 are as follows:
• During the period of January- June 2018 passengers carried increased by 17.8%, to 35.6 million passengers from 30.3 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 20.3% and 15.8%, respectively.
• International-to-international transfer passengers increased by 11%, compared to the same period of 2017.
• International Non-transit passengers increased by 22.3% compared to the period of January - June 2017.
• L/F increased by 4.3 point to 80.4%.
• ASK increased by 9.2% to 88.1 billion during the period of January- June 2018 from 80.6 billion for the same period of 2017. ASK in domestic lines increased by 16.6%, while ASK in international lines increased by 8.2%.
• RPK increased by 15.5% to 70.8 billion during the period of January- June 2018 from 61.3 billion for the same period of 2017. Increase in RPK in domestic and international lines are 19.6% and 14.8%, respectively.
• Number of landings (passenger aircraft) of 216,780 for the period of January- June 2017 increased by 10.3% to 239,053 in 2018.
• Cargo/Mail carried during the period of January- June 2018 increased by 27.7% to 661,234 tons from 517,884 tons in 2017.
• By the end of June 2018, number of aircraft went down to 326 from 336 of June 2017. Number of wide body aircraft decreased to 92 from 93, number of narrow body aircraft decreased from 228 to 216 and cargo aircraft went up to 18 from 15.
...
28.06.2018 - Public Disclosures
International Credit Agency Standart & Poor's (S&P) removed the rating of Turkish Airlines from CreditWatch with negative implications, improved the stand-alone credit profile from B+ to BB- and affirmed its BB- long-term issuer credit rating on 27.06.2018. S&P also revised the outlook from negative to stable and affirmed BBB- issue rating on our aircraft-backed enhanced-equipment trust certificate.
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11.06.2018 - Public Disclosures
Turkish Cargo, air cargo brand of Turkish Airlines, targets to integrate the door-to-door express / courier transportation business model into the traditional air cargo transportation service, from the airport to the airport, in order to create a solution platform for the e-commerce sector. With this in mind, a new joint global express company, to be established with China-based ZTO, an express delivery company that delivers the most shipments in the world and Hong Kong-based PAL Air, aims to perform all kinds of logistics activities to provide integrated services in the global e-commerce sector. With this cooperation planned to be based in Hong Kong, our Incorporation has signed a memorandum of understanding (MoU) between ZTO and PAL Air and the developments will be shared with the public.
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08.06.2018 - Public Disclosures
As a result of the negotions to continue our partnership with Havaalanları Yer Hizmetleri A.Ş. ("HAVAŞ"), in Turkish Ground Services (TGS), which is a subsidiary of our Incorporation, subject to the applicable laws and rules of competition, it has been decided to sign a ground service contract between our Incorporation and a ground services subsidiary of HAVAŞ, for 5+5+5 years (15 years) to provide ground services in Istanbul New Airport ("İYH") and other 7 airports currently served by TGS in Turkey, commencing as of the opening date of IYH.
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08.06.2018-Public Disclosures
Traffic results for the period of May 2018 are as follows:
• During the period of May 2018 passengers carried increased by 3.6%, to 6.1 million passengers from 5.9 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 1.9% and 4.9%, respectively.
• Total L/F increased by 1 point to 78.6%, while international L/F increased by 1.7 point.
• RPK increased by 5% to 12.2 billion during the period of May 2018 from 11.6 billion for the same period of 2017. Increase in RPK in domestic and international lines are 1.3% and 5.6%, respectively.
• International-to-international transfer passengers increased by 2.5%.
• Cargo/Mail carried during the period of May 2018 increased by 21.6% to 118,417 tons from 97,369 tons in 2017.
• During the period of May 2018, the regional traffic results are as follows:
o Increase in RPK in Africa, N. America and Far East are 9.2%, 8.8% and 4.3%.
o Increase in L/F in N. America, Africa and Far East are 5.4 pt., 2.8 pt. and 1.4 pt.
o Increase in passengers carried in N. America, Africa, Far East and Europe are 8.7%, 8.3%, 4.4% and 3.1% respectively.
Traffic results for the period of January- May 2018 are as follows:
• During the period of January- May 2018 passengers carried increased by 19.4%, to 29.3 million passengers from 24.6 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 21.6% and 17.7%, respectively.
• International-to-international transfer passengers increased by 13.2%, compared to the same period of 2017.
• L/F increased by 4.7 point to 80.7%.
• ASK increased by 10.3% to 72.3 billion during the period of January- May 2018 from 65.6 billion for the same period of 2017. ASK in domestic lines increased by 17.5%, while ASK in international lines increased by 9.2%.
• RPK increased by 17.1% to 58.3 billion during the period of January- May 2018 from 49.8 billion for the same period of 2017. Increase in RPK in domestic and international lines are 20.7% and 16.6%, respectively.
• Number of landings (passenger aircraft) of 176,162 for the period of January- May 2017 increased by 11.1% to 195,755 in 2018.
• Cargo/Mail carried during the period of January- May 2018 increased by 29.8% to 545,186 tons from 420,056 tons in 2017.
• By the end of May 2018, number of aircraft went down to 327 from 338 of May 2017. Number of wide body aircraft decreased to 92 from 94, number of narrow body aircraft decreased from 231 to 217 and cargo aircraft went up to 18 from 13.
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07.06.2018 - Public Disclosures
International credit rating agency Moody's Investor Services announced that, as a result of the placement of the Turkish sovereign rating under review for downgrade, together with other companies in similar position, credit ratings of Turkish Airlines have also been placed under review for downgrade. The initiation of a review shall not necessarily result in a downgrade in the credit ratings of our Incorporation.
Along with this, issue ratings of Turkish Airlines' Enhanced Equipment Trust Certificates (EETCs), which have been issued in 2015, have also been reviewed and as a result, USD denominated certificate was lowered to Baa2 from Baa1 and JPY denominated certificates were placed under review for a possible downgrade.
Moody's will make an assessment based on the business and financial profile of our Incorporation and the ultimate decision of Moody's will thereafter be disclosed to public.
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01.06.2018 - Public Disclosures
The Incorporation has signed a protocol with Hava-Is Union regarding the amendment of the article related to the wages and wage increase of the 25th Term Collective Bargaining Agreement. According to the signed protocol; by taking into account the sector dynamics, effective as of 01.06.2018; for pilots %20 increase, for other personnel, 10% increase on the wages dated 31.05.2018, will be applied. Due to this adjustment, the wage increase for the second half of 2018 and the inflation difference that is stated on the current Collective Bargaining Agreement will not be reflected to the wages.
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29.05.2018 - Public Disclosures
Our 100% subsidiary, Türk Hava Yolları Havaalanı Gayrimenkul Yatırım ve İşletme A.Ş, has signed a protocol to buy 50% share of Emlak Konut GYO's approximately 350 acres of land, which is located at Dursunköy quarter, nearby Istanbul New Airport.
Within the scope of the said protocol, Türk Hava Yolları Havaalanı Gayrimenkul Yatırım ve İşletme A.Ş. and Emlak Konut GYO are planning to develop residential projects for the employees of Turkish Airlines and its subsidiaries, on the aforementioned land plot.
Developments will be shared with the public.
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11.05.2018 - Public Disclosures
Traffic results for the period of April 2018 are as follows:
• During the period of April 2018 passengers carried increased by 14.9%, to 6.4 million passengers from 5.6 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 19.2% and 11.7%, respectively.
• Total L/F increased by 4.1 point to 83.2%, while international L/F increased by 4.2 point.
• RPK increased by 11.6% to 12.6 billion during the period of April 2018 from 11.3 billion for the same period of 2017. Increase in RPK in domestic and international lines are 17.8% and 10.6%, respectively.
• International-to-international transfer passengers increased only by 0.1%.
• Cargo/Mail carried during the period of April 2018 increased by 18.1% to 112,999 tons from 95,642 tons in 2017.
• During the period of April 2018, the regional traffic results are as follows:
o Increase in RPK in domestic lines, Africa and Europe are 18.7%, 15.4% and 14.5%.
o Increase in L/F in Africa, N. America, Europe and Far East are 6.3 pt., 5.9 pt., 4.5 pt. and 3 pt.,
o Increase in passengers carried in domestic lines, Africa, and Europe are 20.1%, 16.7%, and 15.1%, respectively.
Traffic results for the period of January- April 2018 are as follows:
• During the period of January- April 2018 passengers carried increased by 24.4%, to 23.2 million passengers from 18.6 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 27.8% and 21.7%, respectively.
• International-to-international transfer passengers increased by 16%, compared to the same period of 2017.
• L/F increased by 5.8 point to 81.2%.
• ASK increased by 12.2% to 56.9 billion during the period of January- April 2018 from 50.7 billion for the same period of 2017. ASK in domestic lines increased by 20.9%, while ASK in international lines increased by 10.9%.
• RPK increased by 20.8% to 46.2 billion during the period of January- April 2018 from 38.2 billion for the same period of 2017. Increase in RPK in domestic and international lines are 26.6% and 19.9%, respectively.
• Number of landings (passenger aircraft) of 135.892 for the period of January- April 2017 increased by 13.6% to 154.384 in 2018.
• Cargo/Mail carried during the period of January- April 2018 increased by 31.6% to 424,614 tons from 322,687 tons in 2017.
• By the end of April 2018, number of aircraft went down to 326 from 337 of April 2017. Number of wide body aircraft decreased to 90 from 92, number of narrow body aircraft decreased from 232 to 218, and cargo aircraft went up to 18 from 13.
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04.05.2018 - Public Disclosures
Due the resignation of Ms. Arzu Akalın from the Member of the Board, the Board of Directors has decided to appoint Ms.Fatmanur Altun as Member of the Board, until the approval of the next General Assembly in accordance with our Incorporation's Articles of Association, Article 10.
Due the resignation of Mr.İsmail Gerçek from the Member of the Board, the Board of Directors has decided to appoint Mr.Mithat Görkem Aksoy as the Member of the Board, until the the approval of the next General Assembly in accordance with our Incorporation's Articles of Association, Article 10.
Due to the resignations of Ms. Arzu Akalın, Chairman of Corporate Governance Comittee and Mr. İsmail Gerçek, Member of Corporate Governance Comittee, the Incorporation has decided to appoint Ms.Fatmanur Altun as the Chairman of Corporate Governance Comittee upon the Independence Board Member Approval of Capital Market Board and Mr.Mithat Görkem Aksoy as the Member of Corporate Governance Comittee.
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20.04.2018 - Public Disclosures
Our Incorporation has decided to select GEnx-1B74/75 type engines of GE Aviation, for the previously announced (public disclosure dated 09.03.2018) 25 firm orders and 5 options, a total of 30 B787-9 aircraft orders and to purchase engine maintenance services from GE Engine Services.
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16.04.2018 - Public Disclosures
Ref: Public Disclosure dated 17.10.2017
Previously, we have informed that Turkish Airlines has entered into a memorandum of agreement (MOA) with SATS Investments Pte. Ltd. ("SIPL"), a subsidiary of SATS Ltd (SATS) regarding the procurement of catering services at Istanbul New Airport applicable upon transfer of Turkish Airlines’ operations thereto. Negotiations between the parties are still ongoing and an additional contract has been signed, extending the period of the aforementioned MOA.
The material developments will be announced to public.
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12.04.2018 - Public Disclosures
The Board of Directors of our Incorporation hereby invites you to attend the Ordinary General Assembly of Shareholders to be held on 4th of May 2018 at 14:30 pm at the General Management Building located at Ataturk Airport, Yesilkoy Bakirkoy Istanbul, in order to discuss and vote for the attached Agenda.
Attached, you may access the related documents regarding Ordinary General Assembly.
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10.04.2018-Public Disclosures
Traffic results for the period of March 2018 are as follows: • During the period of March 2018 passenger carried increased by 23.9%, to 6 million passengers from 4.8 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 25.9% and 22.3%, respectively. • Total L/F increased by 6 point to 82%, while International L/F increased by 6.3 point. • RPK increased by 21.5% to 12 billion during the period of March 2018 from 9.9 billion for the same period of 2017. Increase in RPK in domestic and international lines are 25.2% and 20.9%, respectively. • International-to-international transfer passengers increased by 18.6%. • Cargo/Mail carried during the period of March 2018 increased by 29.3% to 117,506 tons from 90,892 tons in 2017. • During the period of March 2018, the regional developments: o Increase in RPK in N. America, Domestic lines, Europe and Africa are 28.8%, 26.9%, 24.5%, and 24.8%. o Increase in L/F in N. America, Africa, and Europe 11.5 pt., 9.7 pt., and 5.4 pt. o Increase in passenger carried in N. America, Domestic lines, Europe, and Africa are 28%, 27.6%, 24.7%, and 26.3%, respectively. Traffic results for the period of January- March 2018 are as follows: • During the period of January- March 2018 passengers carried increased by 28.5%, to 16.7 million passengers from 13 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 31.3% and 26.2%, respectively. • International-to-international transfer passengers increased by 23.1%. • L/F increased by 6.5 point to 80.5%. • ASK increased by 14.6% to 41.7 billion during the period of January- March 2018 from 36.4 billion for the same period of 2017. ASK in domestic lines increased by 23.6% while ASK in international lines increased by 13.3%. • RPK increased by 24.6% to 33.6 billion during the period of January- March 2018 from 26.9 billion for the same period of 2017. Increase in RPK in domestic and international lines are 30.2% and 23.8%, respectively. • Number of landings (passenger aircraft) of 97,523 for the period of January- March 2017 increased by 16% to 113,152 in 2018. • Cargo/Mail carried during the period of January- March 2018 increased by 37.6% to 312,456 tons from 227,045 tons in 2017. • By the end of March 2018, number of aircraft went down to 327 from 337 of March 2017. Number of wide body aircraft remained the same, total of 90. Number of narrow body aircraft decreased from 234 to 219, and cargo aircraft went up to 18 from 13.
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12.03.2018-Public Disclosures
Traffic results for the period of February 2018 are as follows:
· During the period of February 2018 passenger carried increased by 25.7%, to 5.1 million passengers from 4.1 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 27.7% and 24%, respectively.
· Total L/F increased by 6.4 point to 79.7%, while International L/F increased by 6.6 point.
· RPK increased by 23.9% to 10.2 billion during the period of February 2018 from 8.3 billion for the same period of 2017. Increase in RPK in domestic and international lines are 26.7% and 23.5%, respectively.
· International-to-international transfer passengers increased by 21.9%.
· Cargo/Mail carried during the period of February 2018 increased by 39.4% to 99.714 tons from 71.545 tons in 2017.
· During the period of February 2018, the regional developments:
o Increase in RPK in N. America, Domestic lines, Europe, Africa, and Far East are 38.6%, 26.9%, 24.2%, 21.6% and 19.1%.
o Increase in L/F in N. America, Africa, and Europe 11.1 pt., 9.9 pt., and 6.3 pt.
o Increase in passenger carried in N. America, Domestic lines, Europe, and Africa are 37.9%, 28%, 25.4%, and 24.8%, respectively.
Traffic results for the period of January- February 2018 are as follows:
· During the period of January- February 2018 passengers carried increased by 31.1%, to 10.8 million passengers from 8.2 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 34.3% and 28.5%, respectively.
· International-to-international transfer passengers increased by 25.9%.
· L/F increased by 6.9 point to 79.7%.
· ASK increased by 15.6% to 27.1 billion during the period of January- February 2018 from 23.4 billion for the same period of 2017. ASK in domestic lines increased by 25.6% while ASK in international lines increased by 14.2%.
· RPK increased by 26.5% to 21.6 billion during the period of January- February 2018 from 17.1 billion for the same period of 2017. Increase in RPK in domestic and international lines are 33% and 25.4%, respectively.
· Number of landings (passenger aircraft) of 62.463 for the period of January- February 2017 increased by 17.6% to 73.468 in 2018.
· Cargo/Mail carried during the period of January- February 2018 increased by 43.6% to 195.455 tons from 136.152 tons in 2017.
· By the end of February 2018, number of aircraft went down to 328 from 335 of February 2017. Number of wide body aircraft increased from 88 to 90, narrow body aircraft decreased from 235 to 220, and cargo aircraft went up to 18 from 12.
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09.03.2018 - Public Disclosures
According to the consolidated financial statements belonging to the accounting period of 01.01.2017-31.12.2017 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is TL 639.000.000. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law, due to the differences between Turkish Accounting standards and IFRS standards) the net loss of the period is TL 2.869.492.938 and previous years' loss account has a balance of TL 7.142.969.041. The following resolution will be submitted to the approval of the General Assembly:
The loss amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net profit of TL 639.000.000 (according to IFRS) will be transferred to the previous years' loss account. Attached you may find the Profit Distribution Table.
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09.03.2018 - Public Disclosures
The conclusion section of the "Common and Continuous Related Party Transactions Report" prepared by the Board of Directors as per Article 10 of the Capital Markets Board's Communique No.II-17.1 on Corporate Governance is provided below for the information of our shareholders.
Conclusion Section of the Report on Related Party Transactions:
As per Article 10 of the Capital Market's Board's Communique No.II-17.1 on Corporate Governance; The Board of Directors of the Incorporation issued a report on Related Party Transactions, due to the fact that the rate of the amount of common and continuous fuel supply /purchasing transactions executed between Turkish Airlines and THY Opet Havacılık Yakıtları A.Ş. in 2017, exceeded 10%, compared to the cost of sales in 2017 financial statements disclosed to public; and that it is also foreseen that transactions with similar features will continue in 2018, in accordance with the determined principles. These transactions mentioned in the aforementioned report are considered to be made consistent with the transactions of previous years and at-arm's length when compared with market conditions.
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09.03.2018 - Public Disclosures
In order to insure the need for wide body aircraft, the Incorporation has decided to purchase 50 firm and 10 optional aircraft, a total of 60 wide body aircraft, of which 6 to be delivered in 2019, 14 in 2020, 10 in 2021, 12 in 2012, 11 in 2023 and 7 in the year 2024. According to this, a total of 30 B787-9 aircraft, of which 25 firm and 5 optional, will be purchased from Boeing and a total of 30 A350-900 aircraft, of which 25 firm and 5 optional will be purchased from Airbus.
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09.02.2018 - Public Disclosures
Traffic results for the period of January 2018 are as follows:
• During the period of January 2018 passenger carried increased by 36.6%, to 5.7 million passengers from 4.2 million passengers for the same period of 2017. Increase in number of passengers carried in domestic and international lines are 41.1% and 32.8%, respectively.
• International-to-international transfer passengers increased by 24.9%.
• Total L/F increased by 7.3 point to 79.8% while International L/F increased by 7.5 point.
• ASK increased by 17.1% to 14.2 billion during the period of January- 2018 from 12.2 billion for the same period of 2017. ASK in domestic lines increased by 32.8% while ASK in international lines incresed by 15.0%.
• RPK increased by 28.9% to 11.4 billion during the period of January 2018 from 8.8 billion for the same period of 2017. Increase in RPK in domestic and international lines are 40.2% and 27.1%, respectively.
• Number of landings (passenger aircraft) of 31,422 for the period of January 2017 increased by 22.4% to 38,447 in 2018.
• Cargo/Mail carried during the period of January 2018 increased by 33.5% to 86,204 tons from 64,582 tons in 2017.
• By the end of January 2018, number of aircraft went down to 331 from 333 of January 2017. Number of wide body aircraft increased from 87 to 90 while narrow body aircraft decreased from 235 to 223, and cargo aircraft went up to 18 from 11.
• During the period of January 2018, the regional developments:
o Increase in RPK in Middle East, Domestic lines, Europe, Africa and N. America are 41.2%, 40.3%, 34.0%, 26.1% and 22.4%.
o Increase in L/F in North America, Middle East, C.&E America, and Africa 13.3 pt., 10.7 pt. 8.5 pt. and 7.7 pt.
o Increase in passenger carried in Domestic lines, Middle East, Europe, Africa and Far East are 41.1%, 39.4%, 35.4%, 28.2%, and 24.4% respectively.
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08.01.2018 - Public Disclosures
Traffic results for the period of December 2017 are as follows:
- During the period of December 2017 passenger carried increased by 21.4%, to 5.5 million passengers from 4.5 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 26.4% and 17.6%, respectively.
- Total L/F increased by 5.1 point to 79.7% while International L/F increased by 5.0 point.
- RPK increased by 16.3% to 11.2 billion during the period of December 2017 from 9.7 billion for the same period of 2016. Increase in RPK in domestic and international lines are 26.9% and 14.7%, respectively. - International-to-international transfer passengers increased by 5.9%.
- Cargo/Mail carried during the period of December 2017 increased by 18.4% to 102.429 tons from 86.476 tons in 2016.
- During the period of December 2017, the regional developments: - Increase in RPK in Domestic lines, Europe, Middle East, S.& C. America and Africa are 26.5%, 18.9%, 18.2%, 16% and 14.4%.
- Increase in L/F in Middle East, North America and Africa 7.1 pt., 6.8 pt., and 5.6 pt.
- Increase in passenger carried in Domestic lines, S.& C. America, Europe, Middle East, Africa and Far East are 26%, 20.7%, 19.9%, 16.8%, 16.4% and 15.9% respectively.
Traffic results for the period of January- December 2017 are as follows:
- During the period of January- December 2017 passengers carried increased by 9.3%, to 68.6 million passengers from 62.8 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 10.4% and 8.4%, respectively.
- International-to-international transfer passengers increased by 3.5%.
- L/F increased by 4.7 point to 79.1%. - ASK increased by llion for the1.6% to 173.1 billion during the period of January- December 2017 from 170.4 bi same period of 2016. ASK in domestic lines increased by 7.8% while ASK in international lines increased by 0.7%. - RPK increased by 7.9% to 136.9 billion during the period of January- December 2017 from 126.9 billion for the same period of 2016. Increase in RPK in domestic and international lines are 10.3% and 7.5%, respectively.
- Number of landings (passenger aircraft) of 464.247 for the period of January- December 2016 increased by 1.1% to 469.552 in 2017.
- Cargo/Mail carried during the period of January- December 2017 increased by 25.5% to 1.122.697 tons from 894.304 tons in 2016.
- By the end of December 2017, number of aircraft went down to 329 from 334 of December 2016. Number of wide body aircraft increased from 87 to 90, narrow body aircraft decreased from 234 to 223, and cargo aircraft went up to 16 from 13.
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05.01.2018 - Public Disclosures
Turkish Airlines expressed an intention to order 20+5 optional A350-900 to Airbus. This intention was raised by wide body aircraft needs of Turkish Airlines resulting from the firm narrow body aircraft orders that were previously placed. These new generation aircrafts will strengthen the fleet and significantly increase customer satisfaction. With this intention of purchase, negotiations commenced with Airbus.
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04.01.2018 - Public Disclosures
According to the non-consolidated 2018 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2018 is as follows:
Traffic Development
• Total number of passengers carried is targeted to reach 74 million including 33 million on domestic routes, 41 million on international routes.
• While passenger load factor is expected to be in the band of 79% and 80%, total Available Seat Kilometers (ASK) will approximately reach to 183 billion with an increase of between 5% and 6% compared to 2017. Capacity (ASK) increase is expected to be 10% in Turkey, 9% in Middle East, 6% in Europe, 6% in Far East, 4% in America and 3% in Africa regions.
• In 2018, cargo/mail carried is expected to increase by 21% reaching 1.3 million tonnes.
Financial Development (Unconsolidated)
• In 2018, jet fuel consumption is expected to increase by 9% compared to 2017.
• Average jet fuel (including fuel hedge) is expected to be 633$/ton in 2018.
• The Incorporation is targeting to generate 11.8 billion USD of sales revenue.
• Cost per available seat kilometer (CASK), excluding fuel is expected to increase by between 3%-5%.
• Unconsolidated EBITDAR margn is targeted to be between 21% and 22%, whereas consolidated EBITDAR margn is targeted to be in the band of 23% and 24%.
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08.12.2017 - Public Disclosures
Traffic results for the period of November 2017 are as follows:
During the period of November 2017 passenger carried increased by 18.4%, to 5.3 million passengers from 4.5 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 18.7% and 18.2%, respectively.
Total L/F increased by 5.4 point to 79.5% while International L/F increased by 5.6 point.
RPK increased by 17.1% to 10.6 billion during the period of November 2017 from 9.1 billion for the same period of 2016. Increase in RPK in domestic and international lines are 18.2% and 16.9%, respectively.
International-to-international transfer passengers increased by 16.9%.
Cargo/Mail carried during the period of November 2017 increased by 26.9% to 103,464 tons from 81,558 tons in 2016.
During the period of November 2017, the regional developments:
Increase in RPK in C.& S. America is 31%, Middle East, Europe and Domestic are 17.5%,
Increase in L/F in North America, Middle East, Far East and Africa are 8 pt., 6.4 pt., 5.8 pt. and 5,7 pt.
Increase in passenger carried in S.& C. America, Far East, Europe, Domestic lines, Africa and Middle East are 41.3%, 18.7%, 18.2%, 18%, 17% and 16.1% respectively.
Traffic results for the period of January- November 2017 are as follows:
During the period of January- November 2017 passengers carried increased by 8.3%, to 63.1 million passengers from 58.3 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 9.1% and 7.7%, respectively.
International-to-international transfer passengers increased by 3.2%.
L/F increased by 4.6 point to 79.1%.
ASK increased by 1% to 159 billion during the period of January- November 2017 from 157.5 billion for the same period of 2016. ASK in domestic lines increased by 6.8% while ASK in international lines incresed by 0.1%.
RPK increased by 7.2% to 125.7 billion during the period of January- November 2017 from 117.3 billion for the same period of 2016. Increase in RPK in domestic and international lines are 9.1% and 6.9%, respectively.
Number of landings (passenger aircraft) of 430,224 for the period of January- November 2016 increased by 0.3% to 432,004 in 2017.
Cargo/Mail carried during the period of January- November 2017 increased by 26.3% to 1,020,072 tons from 807,828 tons in 2016.
By the end of November 2017, number of aircraft went down to 329 from 335 of November 2016. Number of wide body aircraft increased from 86 to 90, narrow body aircraft decreased from 236 to 223, and cargo aircraft went up to 16 from 13.
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17.11.2017 - Public Disclosures
The Incorporation has decided to establish, “THY Havaalanı Gayrimenkul Yatırım ve İşletme Anonim Şirketi”, in order to operate principally in the fields of airport operations and investments and also according to the fields of other activity that is specified in the Articles of Association of the Company. The aforementioned Company, which is wholly-owned by Türk Hava Yolları A.O, has been registered by Istanbul Trade Registry Office and is established with the cash capital of 50.000 TRY. (Fifty thousand Turkish Lira)
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13.11.2017 - Public Disclosures
Traffic results for the period of October 2017 are as follows:
During the period of October 2017 passenger carried increased by 12.7%, to 6.2 million passengers from 5.5 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 13% and 12.4%, respectively.
Total L/F increased by 6.3 point to 81% while International L/F increased by 6.6 point.
RPK increased by 10.4% to 12.3 billion during the period of October 2017 from 11.1 billion for the same period of 2016. Increase in RPK in domestic and international lines are 12.7% and 10%, respectively.
International-to-international transfer passengers increased by 7.8%.
Cargo/Mail carried during the period of October 2017 increased by 21.6% to 105.767 tons from 86.977 tons in 2016.
During the period of October 2017, the regional developments:
Increase in RPK in C.& S. America, Middle East, Far East and Africa are 23.8%, 14%, 8.7% and 8.2%.
Increase in L/F in North America, Middle East, Europe and Far East are 9 pt., 8 pt., 5.9 pt. and 5,7 pt.
Increase in passenger carried in S.& C. America, Domestic lines, Middle East, Far East, Africa and Europe are 37.7%, 12.6%, 12.6%, 10.3%, 10.1% and 8.8% respectively.
Traffic results for the period of January-October 2017 are as follows:
During the period of January-October 2017 passengers carried increased by 7.5%, to 57.8 million passengers from 53.8 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 8.3% and 6.9%, respectively.
International-to-international transfer passengers increased by 2.5%.
L/F increased by 4.5 point to 79%.
ASK increased by 0.3% to 145.6 billion during the period of January-October 2017 from 145.2 billion for the same period of 2016. ASK in domestic lines increased by 6.3% while ASK in international lines decreased by 0.6%.
RPK increased by 6.4% to 115.1 billion during the period of January-October 2017 from 108.2 billion for the same period of 2016. Increase in RPK in domestic and international lines are 8.2% and 6.1%, respectively.
Number of landings (passenger aircraft) of 396.939 for the period of January-October 2016 decreased by 0.3% to 395.786 in 2017.
Cargo/Mail carried during the period of January-October 2017 increased by 26.3% to 917.397 tons from 726.270 tons in 2016.
By the end of October 2017, number of aircraft went down to 329 from 334 of October 2016. Number of wide body aircraft increased from 86 to 90, narrow body aircraft decreased from 237 to 223, and cargo aircraft went up to 16 from 11.
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09.11.2017 - Public Disclosures
The Incorporation has announced its consolidated financial results for the period of January-September 2017. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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17.10.2017 - Public Disclosures
Turkish Airlines has started negotiations regarding the procurement of catering services at Istanbul third airport applicable upon transfer of its operations thereto. In this respect Turkish Airlines has entered into a memorandum of agreement (MoA) with SATS Investments Pte. Ltd. ("SIPL"), a subsidiary of SATS Ltd (SATS). Upon fulfillment of the conditions precedents in the MoA including legal, governmental and regulatory approvals; the investment into catering services could be undertaken by the relevant party. The material developments will be announced.
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09.10.2017 - Public Disclosures
Traffic results for the period of September 2017 are as follows:
During the period of September 2017 passenger carried increased by 13,0%, to 6.7 million passengers from 6.0 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 14.2% and 12.1%, respectively.
Total L/F increased by 5.7 point to 81.5% while International L/F increased by 6.1 point.
International-to-international transfer passengers decreased by 2.0%.
RPK increased by 9.5% to 13.1 billion during the period of September 2017 from 12.0 billion for the same period of 2016. Increase in RPK in domestic and international lines are 13.0% and 9.0%, respectively.
Cargo/Mail carried during the period of September 2017 increased by 25.3% to 97.744 tons from 78.013 tons in 2016.
During the period of September 2017, the regional developments:
Increase in RPK in C.& S. America, Africa and Far East are 29.1%, 8.3% and 7.1%.
Increase in L/F in North America, Far East, Middle East and Europe are 10.3 pt., 6.3 pt., 5.4 pt. and 4,7 pt.
Increase in passenger carried in S.& C. America, Domestic lines, Africa, Far East and Middle East are 39.0%, 14.4%, 11.0%, 7.4% and 5.8% respectively.
Traffic results for the period of January-September 2017 are as follows:
During the period of January-September 2017 passengers carried increased by 6.9%, to 51.6 million passengers from 48.3 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 7.7% and 6.3%, respectively.
International-to-international transfer passengers increased by 1.1%.
L/F increased by 4.3 point to 78.8%.
ASK increased by 0.1% to 130.5 billion during the period of January-September 2017 from 130.4 billion for the same period of 2016. ASK in domestic lines increased by 6.0% while ASK in international lines decreased by 0.7%.
RPK increased by 5.9% to 102.8 billion during the period of January-September 2017 from 97.1 billion for the same period of 2016. Increase in RPK in domestic and international lines are 7.7% and 5.7%, respectively.
Number of landings (passenger aircraft) of 357.236 for the period of January-September 2016 decreased by 0.7% to 354.765 in 2017.
Cargo/Mail carried during the period of January-September 2017 increased by 26.8% to 810.489 tons from 639.294 tons in 2016.
By the end of September 2017, number of aircraft went down to 328 from 333 of September 2016. Number of wide body aircraft increased from 86 to 90, narrow body aircraft decreased from 237 to 223, and cargo aircraft went up to 15 from 10.
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22.09.2017 - Public Disclosures
Turkish Airlines expressed an intention to order 20+20, a total of 40 Boeing 787-9 Dreamliner to the aircraft manufacturer to be delivered between 2019 and 2023. This intention was raised by wide body aircraft needs of Turkish Airlines resulting from the firm narrow body aircraft orders that were previously placed. These new generation aircrafts will strengthen the fleet and significantly increase customer satisfaction. With this intention of purchase, negotiations are continuing with Boeing.
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15.09.2017 - Public Disclosures
Traffic results for the period of August 2017 are as follows,
During the period of August 2017 passenger carried increased by 14.3%, to 7.4 million passengers from 6.5 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 14.0% and 14.6%, respectively.
Total L/F increased by 5.7 point to 84.3% while International L/F increased by 6.3%.
International-to-international transfer passengers decreased by 2.0%.
RPK increased by 10.1% to 14.4 billion during the period of August 2017 from 13.1 billion for the same period of 2016. Increase in RPK in domestic and international lines are 14.0% and 9.5%, respectively.
Cargo/Mail carried during the period of August 2017 increased by 18.0% to 94,332 tons from 79,943 tons in 2016.
During the period of August 2017, the regional developments:
Increase in RPK in Far East, Africa and Middle East are 4.7%, 10.7% and 13.5%
Increase in L/F in Far East, Middle East, North America and Europe are 6.2 pt, 8.4 pt, 7.0 pt and 7.1 pt
Increase in passenger carried in Far East, Africa, Middle East and Domestic lines are 6.5%, 12.8%, 15.7% and 14.4% respectively.
Traffic results for the period of January-August 2017 are as follows:
During the period of January-August 2017 passengers carried increased by 6.1%, to 44.9 million passengers from 42.3 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 6.8% and 5.5%, respectively.
International-to-international transfer passengers decreased by 0.6%.
L/F increased by 4.1 point to 78.4%.
ASK decreased by 0.1% to 114.3 billion during the period of January-August 2017 from 114.5 billion for the same period of 2016. ASK in domestic lines increased by 5.6% while ASK in international lines decreased by 0.9%.
RPK increased by 5.4% to 89.7 billion during the period of January-August 2017 from 85.1 billion for the same period of 2016. Increase in RPK in domestic and international lines are 7.0% and 5.2%, respectively.
Number of landings (passenger aircraft) of 314,661 for the period of January-August 2016 decreased by 1.4% to 310,197 in 2017.
Cargo/Mail carried during the period of January-August 2017 increased by 26.5% to 709,944 tons from 561,278 tons in 2016.
By the end of August 2017, number of aircraft went down to 329 from 335 of August 2016. Number of wide body aircraft increased from 86 to 90, narrow body aircraft decreased from 239 to 224, and cargo aircraft went up to 15 from 10.
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25.08.2017 - Public Disclosures
The revised guidance regarding the Company targets and expectations for the year 2017 is as follows:
Traffic Development
-Total number of passengers carried is targeted to reach 69 million including 31 million on domestic routes, 38 million on international routes.
-Passenger load factor is expected to be 77%-78%. Total Available Seat Kilometers (ASK) will reach to 175 billion with an increase of 2% compared to 2016.
-In 2017, cargo/mail carried will increase by 23% reaching 1,100 thousand tonnes.
Financial Development (Unconsolidated)
-In 2017, jet fuel consumption is expected to increase by 2% compared to 2016.
-Average jet fuel (including fuel hedge) is expected to be 570$/ton.
-Revenue is expected to be 10,3-10,5 Billion USD.
-Targeted CASK decrease is between 4%-6%.
-Targeted EBITDAR margn is between 21%-23%.
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11.08.2017 - Public Disclosures
The Incorporation has announced its consolidated financial results for the period of January-June 2017. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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11.08.2017 - Public Disclosures
Traffic results for the period of July 2017 are as follows:
-During the period of July 2017 passenger carried increased by 24.3%, to 7.2 million passengers from 5.8 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 26.8% and 22.5%, respectively.
-Total L/F increased by 10.5 point to 83.3% while International L/F increased by 10.7%.
-International-to-international transfer passengers increased by 8.9%.
-RPK increased by 19.6% to 13.9 billion during the period of July 2017 from 11.6 billion for the same period of 2016. Increase in RPK in domestic and international lines are 25.8% and 18.6%, respectively.
-Cargo/Mail carried during the period of July 2017 increased by 39.5% to 99,013 tons from 70,979 tons in 2016.
-During the period of July 2017, the regional developments:
>Increase in RPK in Far East, Africa and Middle East are 13.6%, 17.0% and 30.0%
>Increase in L/F in Far East, Middle East and North America are 11,2 pt, 15,6 pt and 8,6 pt
>Increase in passenger carried in Far East, Africa, Middle East and Domestic lines are 15.8%, 19.5%, 30.5% and 27.6% respectively.
Traffic results for the period of January-July 2017 are as follows:
-During the period of January-July 2017 passengers carried increased by 4.6%, to 37.5 million passengers from 35.9 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 5.6% and 3.8%, respectively.
-International-to-international transfer passengers increased by 2.1%.
-L/F increased by 3.8 point to 77.4%.
-ASK decreased by 0.6% to 97.2 billion during the period of January-July 2017 from 97.8 billion for the same period of 2016. ASK in domestic lines increased by 4.5% while ASK in international lines decreased by 1.3%.
-RPK increased by 4.6% to 75.2 billion during the period of January-July 2017 from 71.9 billion for the same period of 2016. Increase in RPK in domestic and international lines are 5.7% and 4.4%, respectively.
-Number of landings (passenger aircraft) of 269,773 for the period of January-July 2016 decreased by 2.5% to 262,949 in 2017.
-Cargo/Mail carried during the period of January-July 2017 increased by 27.8% to 615,087 tons from 481,337 tons in 2016.
-By the end of July 2017, number of aircraft went down to 331 from 333 of July 2016. Number of wide body aircraft increased from 86 to 90, narrow body aircraft decreased from 236 to 226, and cargo aircraft went up to 15 from 11.
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11.07.2017 - Public Disclosures
Traffic results for the period of June 2017 are as follows:
-During the period of June 2017 passenger carried increased by 13.5%, to 5.7 million passengers from 5.0 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 11.1% and 15.3%, respectively.
-Total L/F increased by 3.4 point to 76.4% while International L/F increased by 3.6%.
-International-to-international transfer passengers increased by 9.2%.
-RPK increased by 12.1% to 11.5 billion during the period of June 2017 from 10.3 billion for the same period of 2016. Increase in RPK in domestic and international lines are 10.8% and 12.3%, respectively.
-Cargo/Mail carried during the period of June 2017 increased by 24.4% to 96,887 tons from 77,860 tons in 2016.
-During the period of June 2017, the regional developments:
>Increase in RPK in Far East, Africa and Middle East are 11.2%, 11.5% and 15.9%
>Increase in L/F in Far East, Middle East and North America are 3,9 pt, 5,7 pt and 4,7 pt
>Increase in passenger carried in Far East, Africa, Middle East and Domestic lines are 12.5%, 11.5%, 16.9% and 11.7% respectively.
Traffic results for the period of January-June 2017 are as follows:
-During the period of January-June 2017 passengers carried increased by 0.7%, to 30.3 million passengers from 30.1 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 1.6% and 0.1%, respectively.
-International-to-international transfer passengers increased by 0.6%.
-L/F increased by 2.4 point to 76.0%.
-ASK decreased by 1.6% to 80.6 billion during the period of January-June 2017 from 81.9 billion for the same period of 2016. ASK in domestic lines increased by 2.7% while ASK in international lines decreased 2.2%.
-RPK increased by 1.6% to 61.3 billion during the period of January-June 2017 from 60.3 billion for the same period of 2016. Increase in RPK in domestic and international lines are 2.0% and 1.6%, respectively.
-Number of landings (passenger aircraft) of 226,159 for the period of January-June 2016 decreased by 4.2% to 216,767 in 2017.
-Cargo/Mail carried during the period of January-June 2017 increased by 25.8% to 516,102 tons from 410,345 tons in 2016.
-By the end of June 2017, number of aircraft went up to 336 from 329 of June 2016. Number of wide body aircraft increased from 85 to 93, narrow body aircraft decreased from 233 to 228, and cargo aircraft went up to 15 from 11.
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28.06.2017 - Public Disclosures
The Incorporation has decided to start operating scheduled flights, based on fleet availability, to Freetown, the capital of Sierra Leone. The current İstanbul – Ouagadougou - İstanbul route will be utilized as İstanbul – Ouagadougou – Freetown – Ouagadougou - İstanbul.
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09.06.2017 - Public Disclosures
The Incorporation has decided to appoint;
Independent Board Members Mr. Mehmet Muzaffer Akpınar as the Committee Chairman and Mr. Ogün Şanlıer as the member of the Audit Committee;
Independent Board Member Ms. Arzu Akalın as the Committee Chairman, Board Members Mr. İsmail Gerçek and Mr. Orhan Birdal and Investor Relations Manager Mr. Kadir Coşkun, in compliance with the Capital Market Board's Communique on Corporate Governance (II-17.1), as the members of the Corporate Governance Committee;
Independent Board Members Mr. Ogün Şanlıer as the Committee Chairman and Mr. Mehmet Muzaffer Akpınar, as the member of the Early Identification of Risks Committee;
Chairman of the Board Mr. Mehmet İlker Aycı as the Chairman of the Executive Comittee, Deputy Chairman of the Board and General Manager Mr. Bilal Ekşi as the Deputy Chairman of the Executive Committee and Board Member Mr. İsmail Cenk Dilberoğlu as the Member of the Executive Committee.
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08.06.2017 - Public Disclosures
Traffic results for the period of May 2017 are as follows:
-During the period of May 2017 passenger carried increased by 4.5%, to 5.9 million passengers from 5.7 million passengers for the same period of 2016. Increase in number of passengers carried in domestic and international lines are 1.9% and 6.7%, respectively.
-Total L/F increased by 3.2 point to 77.6% while International L/F increased by 3.5%.
-International-to-international transfer passengers increased by 5.0%.
-RPK increased by 6.4% to 11.6 billion during the period of May 2017 from 10.9 billion for the same period of 2016. Increase in RPK in domestic and international lines are 2.1% and 7.2%, respectively.
-Cargo/Mail carried during the period of May 2017 increased by 33.2% to 96,369 tons from 72,331 tons in 2016.
-During the period of May 2017, the regional developments:
Increase in RPK in Far East and Africa are 12.0% and 8.3%
Increase in L/F in Far East and Middle East are 6,4 pt and 4,1 pt
Increase in passenger carried in Far East, Africa and Europe are 11.8%, 6.8% and 5.3% respectively.
Traffic results for the period of January-May 2017 are as follows:
-During the period of January-May 2017 passengers carried decreased by 1.8%, to 24.6 million passengers from 25.0 million passengers for the same period of 2016. Decrease in number of passengers carried in domestic and international lines are 0.4% and 3.0%, respectively.
-International-to-international transfer passengers decreased by 1.1%.
-L/F increased by 2.2 point to 75.9%.
-ASK decreased by 3.4% to 65.6 billion during the period of January-May 2017 from 67.9 billion for the same period of 2016. ASK in domestic lines increased by 1.5% while ASK in international lines decreased 4.1%.
-RPK decreased by 0.5% to 49.8 billion during the period of January-May 2017 from 50.0 billion for the same period of 2016. RPK in domestic lines increased by 0.2% while RPK in international lines decreased 0.6%.
-Number of landings (passenger aircraft) of 187,424 for the period of January-May 2016 decreased by 6.0% to 176,149 in 2017.
-Cargo/Mail carried during the period of January-May 2017 increased by 25.9% to 418,668 tons from 332,485 tons in 2016.
-By the end of May 2017, number of aircraft went up to 338 from 322 of May 2016. Number of wide body aircraft increased from 82 to 94, narrow body aircraft from 229 to 231, and cargo aircraft went up to 13 from 11.
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15.05.2017 - Public Disclosures
According to the postponement decision taken at the Ordinary General Assembly hold on 15.05.2017, the Ordinary General Assembly of our Incorporation will take place on Friday, June 09th, 2017 at 14:00 at the General Management Building located at Yeşilköy Mahallesi, Havaalanı Cad. No.3/1 Bakırköy/İstanbul.
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10.05.2017 - Public Disclosures
Traffic results for the period of January-April 2017 are as follows:
-During the period of January-April 2017 passenger carried decreased by 3.7%, to 18.6 million passengers from 19.4 million passengers for the same period of 2016. Decrease in number of passengers carried in domestic and international lines are 1.0% and 5.7%, respectively.
-International-to-international transfer passengers decreased by 2.8%.
-L/F increased by 2.0 point to 75.6%.
-ASK decreased by 4.9% to 50.6 billion during the period of January-April 2017 from 53.2 billion for the same period of 2016. ASK in domestic lines increased by 1.9% while ASK in international lines decreased 5.9%.
-RPK decreased by 2.4% to 38.2 billion during the period of January-April 2017 from 39.2 billion for the same period of 2016. Decrease in RPK in domestic and international lines are 0.4% and 2.7%, respectively.
-Number of landings (passenger aircraft) of 146,337 for the period of January-April 2016 decreased by 7.2% to 135,879 in 2017.
-Cargo/Mail carried during the period of January-April 2017 increased by 24.1% to 322,904 tons from 260,154 tons in 2016.
-By the end of April 2017, number of aircraft went up to 337 from 314 of April 2016. Number of wide body aircraft increased from 79 to 92, narrow body aircraft from 224 to 232, and cargo aircraft went up to 13 from 11.
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05.05.2017 - Public Disclosures
The Incorporation has announced its consolidated financial results for the period of January-March 2017. Investors can access the consolidated financial statements, Board of Directors Activity Report and the investor presentation through the Incorporation's website.
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18.04.2017 - Public Disclosures
Traffic results for the period of January-March 2017 are as follows:
-During the period of January-March 2017 passenger carried decreased by 8.0%, to 13.0 million passengers from 14.2 million passengers for the same period of 2016. Decrease in number of passengers carried in domestic and international lines are 2.9% and 11.8%, respectively.
-International-to-international transfer passengers decreased by 11.6%.
-L/F increased by 0.4 point to 74.2%.
-ASK decreased by 7.8% to 36.3 billion during the period of January-March 2017 from 39.4 billion for the same period of 2016. ASK in domestic lines increased by 1.0% while ASK in international lines decreased 9.0%.
-RPK decreased by 7.3% to 26.9 billion during the period of January-March 2017 from 29.1 billion for the same period of 2016. Decrease in RPK in domestic and international lines are 2.1% and 8.1%, respectively.
-Number of landings (passenger aircraft) of 107,850 for the period of January-March 2016 decreased by 9.6% to 97,506 in 2017.
-Cargo/Mail carried during the period of January-March 2017 increased by 19.4% to 226,256 tons from 189,481 tons in 2016.
-By the end of March 2017, number of aircraft went up to 337 from 306 of March 2016. Number of wide body aircraft increased from 76 to 90, narrow body aircraft from 220 to 234, and cargo aircraft went up to 13 from 10.
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17.04.2017 - Public Disclosures
Cash Flow Stament of period 1January-31 December 2016 has been amended in order to correct a mistakenly stated classification difference between "Net Cash From Operating Activities", "Net Cash Flows From Investing Activities" and "Net Cash Flows From (Used in) Financing Activities".
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31.03.2017 - Public Disclosures
The Board of Directors of our Incorporation hereby invites you to attend the Ordinary General Assembly of Shareholders to be held on 15th of May 2017 at 14:00 pm, instead of 3rd April, 2017 at 14:00 pm, which was announced before, at the General Management Building located at Yeşilköy Mahallesi, Havaalanı Cad. No.3/1 Bakırköy/İstanbul, in order to discuss and vote for the attached Agenda.
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17.03.2017 - Public Disclosures
Traffic results for the period of January-February 2017 are as follows:
During the period of January-February 2017 passenger carried decreased by 10.4%, to 8.2 million passengers from 9.2 million passengers for the same period of 2016. Decrease in number of passengers carried in domestic and international lines are 5.4% and 14.3%, respectively.
International Business Class passengers decreased by 12.3% for the same period, while international-to-international transfer passengers decreased by 11.1%.
L/F increased by 0.1 point to 73.0%.
ASK decreased by 9.0% to 23.4 billion during the period of January-February 2017 from 25.7 billion for the same period of 2016. ASK in domestic lines increased by 0.1% while ASK in international lines decreased 10.2%.
RPK decreased by 8.9% to 17.1 billion during the period of January-February 2017 from 18.7 billion for the same period of 2016. Decrease in RPK in domestic and international lines are 3.9% and 9.7%, respectively.
Number of landings (passenger aircraft) of 70,302 for the period of January-February 2016 decreased by 11.2% to 62,446 in 2017.
Cargo/Mail carried during the period of January-February 2017 increased by 10.3% to 133,546 tons from 121,047 tons in 2016.
By the end of February 2017, number of cities went up to 296 from 284 of February 2016. Number of domestic cities remained the same as 49 and international cities increased from 235 to 247.
By the end of February 2017, number of aircraft went up to 335 from 302 of February 2016. Number of wide body aircraft increased from 74 to 88, narrow body aircraft from 218 to 235, and cargo aircraft went up to 12 from 10.
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10.03.2017 - Public Disclosures
The conclusion section of the "Common and Continuous Related Party Transactions Report" prepared by the Board of Directors as per Article 10 of the Capital Markets Board’s Communique No.II-17.1 on Corporate Governance is provided below for the information of our shareholders.
Conclusion Section of the Report on Related Party Transactions:
As per Article 10 of the Capital Market’s Board’s Communique No.II-17.1 on Corporate Governance; The Board of Directors of the Incorporation issued a report on Related Party Transactions, due to the fact that the rate of the amount of common and continuous fuel supply /purchasing transactions executed between Turkish Airlines and THY Opet Havacılık Yakıtları A.Ş. in 2016, exceeded 10%, compared to the cost of sales in 2016 financial statements disclosed to public; and that it is also foreseen that transactions with similar features will continue in accordance with the determined principles. Aforementioned report explains the pricing methodology with THY Opet Havacılık Yakıtları A.Ş.
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10.03.2017 - Public Disclosures
According to the consolidated financial statements belonging to the accounting period of 01.01.2016-31.12.2016 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net loss for the period is TL 47.000.000. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law) the net loss of the period is TL 6.467.842.402 and previous years' loss account has a balance of TL 639.770.079. The following resolution will be submitted to the approval of the General Assembly:
The loss amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net loss of TL 47.000.000 (according to IFRS) will be transferred to the previous years' loss account. Attached you may find the Profit Distribution Table.
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10.03.2017 - Public Disclosures
The Board of Directors of our Incorporation hereby invites you to attend the Ordinary General Assembly of Shareholders to be held on 3rd of April 2017 at 14:00 pm at the General Management Building located at Ataturk Airport, Yesilkoy Bakirkoy Istanbul, in order to discuss and vote for the attached Agenda.
Attached, you may access the related documents regarding Ordinary General Assembly.
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13.02.2017 - Public Disclosures
Traffic results for the period of January 2017 are as follows:
• During the period of January 2017 passenger carried decreased by 12.0%, to 4.1 million passengers from 4.7 million passengers for the same period of 2016. Decrease in number of passengers carried in domestic and international lines are 5.1% and 17.0%, respectively.
• International Business Class passengers decreased by 13.6% for the same period, while international-to-international transfer passengers decreased by 16.2%.
• L/F decreased by 1.1 point to 72.7%.
• ASK decreased by 8.7% to 12.1 billion during the period of January 2017 from 13.2 billion for the same period of 2016. Decrease in ASK in domestic and international lines are 1.4% and 9.6%, respectively.
• RPK decreased by 10.0% to 8.8 billion during the period of January 2017 from 9.7 billion for the same period of 2016. Decrease in RPK in domestic and international lines are 3.8% and 10.9%, respectively.
• Number of landings (passenger aircraft) of 35,772 for the period of January 2016 decreased by 12.6% to 31,276 in 2017.
• Cargo/Mail carried during the period of January 2017 increased by 7.6% to 63,325 tons from 58,871 tons in 2016.
• By the end of January 2017, number of destinations went up to 296 from 284 of January 2016. Number of domestic destinations remained the same as 49 and international destinations increased from 235 to 247.
• By the end of January 2017, number of aircraft went up to 333 from 298 of January 2016. Number of wide body aircraft increased from 73 to 87, narrow body aircraft from 215 to 235, and cargo aircraft went up to 11 from 10.
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07.02.2017 - Public Disclosures
49.12% share of Turkish Airlines owned by Republic of Turkey Prime Ministry Privatisation Administry has been transferred to Sovereign Wealth Fund of Turkey as of February 3rd, 2017. Sovereign Wealth Fund of Turkey, whose capital fully belongs to the Republic of Turkey, Prime Ministry Privatisation Administration, is a state owned entity being affiliated to the Republic of Turkey Prime Ministry. Aforementioned share transfer will not lead to any change on the current management structure, business strategy, policies and commercial decisions of Turkish Airlines.
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23.01.2017 - Public Disclosures
Ref: Public Disclosure dated 23.01.2012
The Company has decided to renew Turkish Airlines Frequent Flyer Program (FFP) Miles & Smiles Co-Branded Credit Card Collaboration agreement expiring on 01.04.2017. For this purpose it has been decided to collaborate with the current contractor party, T. Garanti Bankasi A.Ş. to issue FFP Co-branded credit card for the FFP members of Turkish Airlines for 01.04.2017-31.03.2018 period.
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16.01.2017 - Public Disclosures
A cargo flight with TC-MCL registration number, operated by ACT Airlines, departed from Hong Kong International Airport (HKG) to Bishkek Manas International Airport (FRU) had an accident near Bishkek at around 01:40 UTC.
Please kindly be informed that, neither the aircraft nor the crew are the members of Turkish Airlines.
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11.01.2017 - Public Disclosures
Traffic results for the period of January-December 2016 are as follows:
• During the period of January-December 2016 passenger carried increased by 2.5%, reaching to 62.8 million passengers from 61.2 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 3.8% and 1.5%, respectively.
• International Business Class passengers remained the same, while international-to-international transfer passengers increased by 14.1%.
• L/F decreased by 3.1 point to 74.6%.
• ASK with 10.7% increase reached to 170.1 billion during the period of January-December 2016 from 153.6 billion for the same period of 2015. Increases in ASK in domestic and international lines are 5.6% and 11.5%, respectively.
• RPK with 6.3% increase reached to 126.8 billion during the period of January-December 2016 from 119.3 billion for the same period of 2015. Increases in RPK in domestic and international lines are 4.1% and 6.7%, respectively.
• Number of landings (passenger aircraft) of 452,763 for the period of January-December 2015 increased by 2.5% to 464,031 in 2016.
• Cargo/Mail carried during the period of January-December 2016 increased by 21.7% to 876,228 tons from 719,928 tons in 2015.
• By the end of December 2016, number of destinations went up to 295 from 284 of December 2015. Number of domestic destinations remained the same as 49 and international destinations increased from 235 to 246.
• By the end of December 2016, number of aircraft went up to 334 from 299 of December 2015. Number of wide body aircraft increased from 73 to 87, narrow body aircraft from 216 to 234, and cargo aircraft went up to 13 from 10.
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10.01.2017 - Public Disclosures
The Board of Directors has decided to change the accounting estimation regarding depreciation time of aircraft engines and airframes from 20 years to 25 years, based on the economical & technological factors, peer airlines & lessor companies' practices and expert opinions. The change will be valid starting from 2017.
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08.12.2016 - Public Disclosures
Traffic results for the period of January-November 2016 are as follows:
• During the period of January-November 2016 passenger carried increased by 3.0%, reaching to 58.3 million passengers from 56.6 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 4.3% and 2.1%, respectively.
• International Business Class passengers remained the same, while international-to-international transfer passengers increased by 14.9%.
• L/F decreased by 3.6 point to 74.5%.
• ASK with 11.9% increase reached to 157.2 billion during the period of January-November 2016 from 140.4 billion for the same period of 2015. Increases in ASK in domestic and international lines are 5.9% and 12.9%, respectively.
• RPK with 6.8% increase reached to 117.2 billion during the period of January-November 2016 from 109.7 billion for the same period of 2015. Increases in RPK in domestic and international lines are 4.7% and 7.2%, respectively.
• Number of landings (passenger aircraft) of 416,422 for the period of January-November 2015 increased by 3.3% to 430,092 in 2016.
• Cargo/Mail carried during the period of January-November 2016 increased by 21.0% to 791,285 tons from 654,051 tons in 2015.
• By the end of November 2016, number of destinations went up to 292 from 280 of November 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 232 to 243.
• By the end of November 2016, number of aircraft went up to 335 from 299 of November 2015. Number of wide body aircraft increased from 72 to 86, narrow body aircraft from 217 to 236, and cargo aircraft went up to 13 from 10.
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11.11.2016 - Public Disclosures
Traffic results for the period of January-October 2016 are as follows:
• During the period of January-October 2016 passenger carried increased by 3.7%, reaching to 53.8 million passengers from 51.9 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 4.5% and 3.0%, respectively.
• International Business Class passengers increased by 0.1%, while international-to-international transfer passengers increased by 16.8%.
• L/F decreased by 4.0 point to 74.6%.
• ASK with 13.6% increase reached to 145.0 billion during the period of January-October 2016 from 127.7 billion for the same period of 2015. Increases in ASK in domestic and international lines are 6.0% and 14.7%, respectively.
• RPK with 7.8% increase reached to 108.1 billion during the period of January-October 2016 from 100.3 billion for the same period of 2015. Increases in RPK in domestic and international lines are 4.9% and 8.3%, respectively.
• Number of landings (passenger aircraft) of 380,740 for the period of January-October 2015 increased by 4.2% to 396,846 in 2016.
• Cargo/Mail carried during the period of January-October 2016 increased by 21.0% to 714,712 tons from 590,872 tons in 2015.
• By the end of October 2016, number of destinations went up to 292 from 279 of October 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 231 to 243.
• By the end of October 2016, number of aircraft went up to 334 from 297 of October 2015. Number of wide body aircraft increased from 71 to 86, narrow body aircraft from 216 to 237, and cargo aircraft went up to 11 from 10.
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21.10.2016 - Public Disclosures
Our Incorporation's General Manager Assoc. Prof. Dr. Temel KOTİL has retired as of 21.10.2016 and Mr.Bilal EKŞİ has been appointed in the place of Assoc. Prof. Dr. Temel KOTİL as General Manager of Turkish Airlines Inc.
Due the resignation of Assoc. Prof. Dr. Temel KOTİL from Vice Chairman and the Member of the Board, the Board of Directors has decided to appoint Mr. Bilal EKŞİ as Board Member until the next General Assembly in accordance with our Incorporation's Articles of Association, Article 10.
Following to his appointment as Member of the Board, Mr. Bilal EKŞİ has been appointed as the Vice Chairman of the Board.
Due the resignation of Assoc. Prof. Dr. Temel KOTİL from Vice Chairman and the Member of the Executive Comittee, Mr. Bilal EKŞİ has been appointed as the Member of the Executive Comittee.
Following his the appointment as Member of the Executive Comittee Mr. Bilal EKŞİ has been appointed as the Vice Chairman of the Executive Comittee.
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12.10.2016 - Public Disclosures
Traffic results for the period of January-September 2016 are as follows:
• During the period of January-September 2016 passenger carried increased by 3.9%, reaching to 48.3 million passengers from 46.5 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 4.4% and 3.5%, respectively.
• International Business Class passengers remained the same for the same period, while international-to-international transfer passengers increased by 17.9%.
• L/F decreased by 4.2 point to 74.5%.
• ASK with 14.3% increase reached to 130.1 billion during the period of January-September 2016 from 113.9 billion for the same period of 2015. Increases in ASK in domestic and international lines are 6.0% and 15.5%, respectively.
• RPK with 8.2% increase reached to 97.0 billion during the period of January-September 2016 from 89.6 billion for the same period of 2015. Increases in RPK in domestic and international lines are 4.8% and 8.7%, respectively.
• Number of landings (passenger aircraft) of 340,860 for the period of January-September 2015 increased by 4.8% to 357,136 in 2016.
• Cargo/Mail carried during the period of January-September 2016 increased by 19.5% to 635,755 tons from 531,906 tons in 2015.
• By the end of September 2016, number of destinations went up to 291 from 277 of September 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 229 to 242.
• By the end of September 2016, number of aircraft went up to 333 from 298 of September 2015. Number of wide body aircraft increased from 71 to 86, narrow body aircraft from 217 to 237, while cargo aircraft remained the same, as 10.
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07.10.2016 - Public Disclosures
The Board of Directors has decided to establish Office of Chief Cargo Officer, reporting directly to the General Manager, thus appoint Mr. Tuhan Özen as Chief Cargo Officer. Senior Vice Presidency of Cargo and all of its sub-staff is decided to be reporting to the Office of Chief Cargo Officer.
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07.10.2016 - Public Disclosures
Ref: Public Disclosure dated 27.11.2015
The Incorporation has decided to reschedule the deliveries of 92 A321 NEO, 65 B737-8 MAX and 10 B737-9 MAX narrow body aircraft that were planned to enter the fleet between 2018-2022. The deliveries will be as follows: for 2018 from 34 to 10, for 2019 from 40 to 35, for 2020 from 52 to 42, for 2021 no change, for 2022 from 6 to 30, for 2023 to 15.
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09.09.2016 - Public Disclosures
Traffic results for the period of January-August 2016 are as follows:
• During the period of January-August 2016 passenger carried increased by 3.8%, reaching to 42.3 million passengers from 40.7 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 4.8% and 3.0%, respectively.
• International Business Class passengers remained the same for the same period, while international-to-international transfer passengers increased by 17.7%.
• L/F decreased by 4.4 point to 74.4%.
• ASK with 14.1% increase reached to 114.2 billion during the period of January-August 2016 from 100.1 billion for the same period of 2015. Increases in ASK in domestic and international lines are 6.1% and 15.3%, respectively.
• RPK with 7.8% increase reached to 84.9 billion during the period of January-August 2016 from 78.8 billion for the same period of 2015. Increases in RPK in domestic and international lines are 5.0% and 8.2%, respectively.
• Number of landings (passenger aircraft) of 299,281 for the period of January-August 2015 increased by 5.0% to 314,373 in 2016.
• Cargo/Mail carried during the period of January-August 2016 increased by 18.4% to 558,832 tons from 472,178 tons in 2015.
• By the end of August 2016, number of destinations went up to 290 from 277 of August 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 229 to 241.
• By the end of August 2016, number of aircraft went up to 335 from 294 of August 2015. Number of wide body aircraft increased from 69 to 86, narrow body aircraft from 215 to 239, while cargo aircraft remained the same, as 10.
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02.09.2016 - Public Disclosures
It has been decided by the Board of Türk Hava Yolları Teknik A.Ş.(THY Technic) to transfer all shares of Turkbine Teknik Gaz Türbinleri Bakım Onarım A.Ş (50% held by THY Technic) to Zorlu O&M (B group shareholder of Turkbine Teknik). The public will be informed about the developments in the process going forward.
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19.08.2016 - Public Disclosures
According to the 2016 revised budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2016 is as follows:
Traffic Development
• Total number of passengers carried is targeted to reach 63,4 million including 27,9 million on schedules domestic routes, 34,5 million on scheduled international routes, and the rest on charter and hajj flights.
• While passenger load factor is expected to be 72-74%, total Available Seat Kilometers (ASK) will reach to 174 billion with an increase of 13% compared 2015. Capacity (ASK) increase is expected to be 9% in Turkey, 26% in America region, 23% in Africa region, 10% in Far East region, 4% in Europe region and 22% in Middle East region.
• In 2016, cargo/mail carried will increase by 13% reaching 817 thousand tonnes.
Financial Development
• In 2016, the Incorporation's fuel consumption is expected to increase by 12% compared to 2015.
• Under the assumptions of average 1,11 for EUR/USD, average 3,00 USD/TRY and average jet fuel (inc. Hedge) 577$/ton, the Incorporation is targeting to generate around 9,5 Billion USD of sales revenue.
• Targeted CASK decrease is between 5-7%
• Targeted EBITDAR margin range is between 12-14%
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19.08.2016 - Public Disclosures
International Credit Agency Moody's has downgraded Turkish Airlines corporate family rating to Ba3 from Ba2 and maintained negative outlook on 19.08.2016. Along with the revision, Turkish Airlines' Enhanced Equipment Trust Certificates (EETCs) issue ratings have also been revised and both USD and JPY denominated Class A certificates were lowered to Baa1 from A3 and JPY denominated Class B certificates were lowered to Ba1 from Baa3 accompanied by negative outlook. You may find the related letters attached and on our website.
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16.08.2016 - Public Disclosures
Traffic results for the period of January-July 2016 are as follows:
• During the period of January-July 2016 passenger carried increased by 4.4%, reaching to 35.9 million passengers from 34.4 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 5.9% and 3.2%, respectively.
• International Business Class passengers increased by 2.7% for the same period, while international-to-international transfer passengers increased by 16.9%.
• L/F decreased by 4.3 point to 73.7%.
• ASK with 14.1% increase reached to 97.6 billion during the period of January-July 2016 from 85.6 billion for the same period of 2015. Increases in ASK in domestic and international lines are 6.7% and 15.2%, respectively.
• RPK with 7.8% increase reached to 71.9 billion during the period of January-July 2016 from 66.7 billion for the same period of 2015. Increases in RPK in domestic and international lines are 6.0% and 8.1%, respectively.
• Number of landings (passenger aircraft) of 255,241 for the period of January-July 2015 increased by 5.7% to 269,699 in 2016.
• Cargo/Mail carried during the period of January-July 2016 increased by 9.2% to 447,240 tons from 409,634 tons in 2015.
• By the end of July 2016, number of destinations went up to 290 from 276 of July 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 228 to 241.
• By the end of July 2016, number of aircraft went up to 333 from 289 of July 2015. Number of wide body aircraft increased from 69 to 86, narrow body aircraft from 211 to 236 and cargo aircraft from 9 to 11.
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22.07.2016 - Public Disclosures
International Credit Agency Moody's downgraded Turkish Airlines corporate family rating to Ba2 from Ba1 with a negative outlook on 20.07.2016. Along with this revision Turkish Airlines enhanced equipment trust certificates issue ratings have also been revised and both USD and JPY denominated Calss A certificates were lowered to A3 from A2 and JPY denominated Class B certificates were lowered to Baa3 from Baa2, with outlook negative. International Credit Agency S&P on 15.07.2016 had also lowered Turkish Airlines long term corporate credit rating BB- from BB with a negative outlook and Turkish Airlines issue ratings of aircraft backed enhanced equipment trust certificates to BBB from BBB+. You may find the related letters attached and on our website.
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14.07.2016 - Public Disclosures
Traffic results for the period of January-June 2016 are as follows:
• During the period of January-June 2016 passenger carried increased by 5.5%, reaching to 30.1 million passengers from 28.5 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 7.7% and 3.9%, respectively.
• International Business Class passengers decreased by 5.2% for the same period, while international-to-international transfer passengers increased by 18.5%.
• L/F decreased by 3.9 point to 73.7%.
• ASK with 14.6% increase reached to 81.8 billion during the period of January-June 2016 from 71.4 billion for the same period of 2015. Increases in ASK in domestic and international lines are 7.6% and 15.6%, respectively.
• RPK with 8.7% increase reached to 60.3 billion during the period of January-June 2016 from 55.4 billion for the same period of 2015. Increases in RPK in domestic and international lines are 7.6% and 8.9%, respectively.
• Number of landings (passenger aircraft) of 212,419 for the period of January-June 2015 increased by 6.4% to 226,065 in 2016.
• Cargo/Mail carried during the period of January-June 2016 increased by 11.9% to 389,198 tons from 347,810 tons in 2015.
• By the end of June 2016, number of destinations went up to 290 from 276 of June 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 228 to 241.
• By the end of June 2016, number of aircraft went up to 329 from 282 of June 2015. Number of wide body aircraft increased from 65 to 85, narrow body aircraft from 207 to 233 and cargo aircraft from 10 to 11.
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13.06.2016 - Public Disclosures
Traffic results for the period of January-May 2016 are as follows:
• During the period of January-May 2016 passenger carried increased by 7.8%, reaching to 25.0 million passengers from 23.2 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 10.5% and 5.8%, respectively.
• International Business Class passengers decreased by 2.2% for the same period, while international-to-international transfer passengers increased by 20.4%.
• L/F decreased by 3.6 point to 73.8%.
• ASK with 16.1% increase reached to 67.8 billion during the period of January-May 2016 from 58.4 billion for the same period of 2015. Increases in ASK in domestic and international lines are 9.3% and 17.1%, respectively.
• RPK with 10.7% increase reached to 50.0 billion during the period of January-May 2016 from 45.2 billion for the same period of 2015. Increases in RPK in domestic and international lines are 10.5% and 10.7%, respectively.
• Number of landings (passenger aircraft) of 173,837 for the period of January-May 2015 increased by 7.8% to 187,482 in 2016.
• Cargo/Mail carried during the period of January-May 2016 increased by 10.4% to 313,772 tons from 284,128 tons in 2015.
• By the end of May 2016, number of destinations went up to 289 from 274 of May 2015. Number of domestic destinations increased from 48 to 49 and international destinations increased from 226 to 240.
• By the end of May 2016, number of aircraft went up to 322 from 277 of May 2015. Number of wide body aircraft increased from 64 to 82, narrow body aircraft from 203 to 229 and cargo aircraft from 10 to 11.
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16.05.2016 - Public Disclosures
Traffic results for the period of January-April 2016 are as follows:
* During the period of January-April 2016 passenger carried increased by 8.6%, reaching to 19.3 million passengers from 17.8 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 10.8% and 7.0%, respectively.
* International Business/Comfort Class passengers decreased by 0.3% for the same period, while international-to-international transfer passengers increased by 21.1%.
* L/F decreased by 3.4 point to 73.8%.
* ASK with 17.5% increase reached to 53.1 billion during the period of January-April 2016 from 45.1 billion for the same period of 2015. Increases in ASK in domestic and international lines are 10.2% and 18.6%, respectively.
* RPK with 12.3% increase reached to 39.2 billion during the period of January-April 2016 from 34.9 billion for the same period of 2015. Increases in RPK in domestic and international lines are 11.0% and 12.6%, respectively.
* Number of landings (passenger aircraft) of 134,455 for the period of January-April 2015 increased by 8.9% to 146,424 in 2016.
* Cargo/Mail carried during the period of January-April 2016 increased by 11.9% to 244,881 tons from 218,855 tons in 2015.
* By the end of April 2016, number of destinations went up to 285 from 269 of April 2015. Number of domestic destinations increased from 43 to 49 and international destinations increased from 226 to 236.
* By the end of April 2016, number of aircraft went up to 314 from 274 of April 2015. Number of wide body aircraft increased from 62 to 79, narrow body aircraft from 202 to 224 and cargo aircraft from 10 to 11.
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09.05.2016 - Public Disclosures
The Incorporation has announced its consolidated financial results for the January-March 2016. Investors can access the consolidated financial statements, Board of Directors Activity Report, related press release and the investor presentation through the Incorporation's website.
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21.04.2016 - Public Disclosures
We declare that there is no special event that has not been disclosed to the public regarding the recent price performance of our company stock.
Our Incorporation discloses monthly traffic figures in order to provide transparent view of our operational performance. Our latest traffic disclosure regarding the first quarter highlights 10,3% increase in pax figures against a 19,1% increase in ASK capacity and 2,9 pts decline in load factors resulting from the negative geopolitic environment and direct traffic decline.
The analist reports issued by investments banks are independent research reports that totally reflect their own views, expectations and calculations. They do not reflect the views of our management. Our Incorporation still holds its guidance of 20-22% EBITDAR margin target for the year 2016.
On the other hand, the General Assembly has authorised our Board of Directors to start or end the Share Buyback Program considering the company's investment and cash position and the market conditions within a three year period. Should there be any decision to start buying shares additional disclosures will be made accordingly.
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14.04.2016 - Public Disclosures
Traffic results for the period of January-March 2016 are as follows:
* During the period of January-March 2016 passenger carried increased by 10.3%, reaching to 14.2 million passengers from 12.9 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 11.4% and 9.4%, respectively.
* International Business/Comfort Class passengers increased by 1.9% for the same period, while international-to-international transfer passengers increased by 22.0%.
* L/F decreased by 2.9 point to 74.0%.
* ASK with 19.1% increase reached to 39.3 billion during the period of January-March 2016 from 33.0 billion for the same period of 2015. Increases in ASK in domestic and international lines are 11.3% and 20.2%, respectively.
* RPK with 14.6% increase reached to 29.1 billion during the period of January-March 2016 from 25.3 billion for the same period of 2015. Increases in RPK in domestic and international lines are 11.7% and 15.1%, respectively.
* Number of landings (passenger aircraft) of 97,785 for the period of January-March 2015 increased by 10.3% to 107,901 in 2016.
* Cargo/Mail carried during the period of January-March 2016 increased by 12.0% to 178,697 tons from 159,559 tons in 2015.
* By the end of March 2016, number of destinations went up to 285 from 265 of March 2015. Number of domestic destinations increased from 43 to 49 and international destinations increased from 222 to 236.
* By the end of March 2016, number of aircraft went up to 306 from 268 of March 2015. Number of wide body aircraft increased from 56 to 76, narrow body aircraft from 203 to 220 and cargo aircraft from 9 to 10.
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28.03.2016 - Public Disclosures
As a result of the negotiations made between Turkish Airlines Inc. and Hava-Iş Union, 25th Collective Bargaining Agreement has been signed, regarding 17.500 employees, covering 3 year period starting from January 1st, 2016. According to the Agreement, the wage increase for the first half of 2016 will be 7% ,for the second half of 2016 will be 6% and for every following six moths period will be 4%. In case of an inflation difference for the relevant periods, the difference will be paid. Apart from the wage increases the monthly-paid social aid will increase from 500.-TL to 575.-TL for the first year, from 575.-TL to 675.-TL for the second year and from 675.-TL to 750.-TL for the third year. A onetime net payment of 5.000.-TL will be made to the unionized staff.
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15.03.2016 - Public Disclosures
Traffic results for the period of January-February 2016 are as follows:
* During the period of January-February 2016 passenger carried increased by 11.2%, reaching to 9.2 million passengers from 8.3 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 12.6% and 10.2%, respectively.
* International Business/Comfort Class passengers increased by 5.8% for the same period, while international-to-international transfer passengers increased by 20.9%.
* L/F decreased by 3.0 point to 73.3%.
* ASK with 19.9% increase reached to 25.6 billion during the period of January-February 2016 from 21.3 billion for the same period of 2015. Increases in ASK in domestic and international lines are 12.2% and 21.0%, respectively.
* RPK with 15.2% increase reached to 18.7 billion during the period of January-February 2016 from 16.3 billion for the same period of 2015. Increases in RPK in domestic and international lines are 12.5% and 15.6%, respectively.
* Number of landings (passenger aircraft) of 62,990 for the period of January-February 2015 increased by 11.7% to 70,338 in 2016.
* Cargo/Mail carried during the period of January-February 2016 increased by 14.6% to 111,691 tons from 97,423 tons in 2015.
* By the end of February 2016, number of destinations went up to 284 from 261 of February 2015. Number of domestic destinations increased from 43 to 49 and international destinations increased from 218 to 235.
* By the end of February 2016, number of aircraft went up to 302 from 263 of February 2015. Number of wide body aircraft increased from 55 to 74, narrow body aircraft from 199 to 218 and cargo aircraft from 9 to 10.
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11.03.2016 - Public Disclosures
According to the consolidated financial statements belonging to the accounting period of 01.01.2015-31.12.2015 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: II, and Number: 14.1 and audited by Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is TL 2.993.000.000. On the other hand, according to the legal books (under the provisions of Turkish Tax Procedure Law) the net loss of the period is TL 413.851.522 and previous years' loss account has a balance of TL 205.332.466. The following resolution will be submitted to the approval of the General Assembly: The loss amount according to the legal books will be transferred to previous years' loss account. As there will not be any distributable profit (according to the legal books), the net profit of TL 2.993.000.000 (according to IFRS) will be transferred to the previous years' profit account. Attached you may find the Profit Distribution Table.
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11.03.2016 - Public Disclosures
The Board of Directors of our Incorporation hereby invites you to attend the Ordinary General Assembly of Shareholders to be held on 4th of April 2016 at 14:00 pm at the General Management Building located at Ataturk Airport, Yesilkoy Bakirkoy Istanbul, in order to discuss and vote for the attached Agenda.
Attached, the related documents regarding Ordinary General Assembly
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29.02.2016 - Public Disclosures
The Incorporation has announced its' consolidated financial results for the January-December 2015 period. Investors can access the consolidated financial statements, Board of director's interim activity report, related press release, and the investor presentation through the Incorporation's website.
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29.02.2016 - Public Disclosures
In our previous disclosure dated 14.08.2015, it has been announced that a letter of understanding have been signed by Turkish Airlines and LOT Polish Airlines to initiate an enhanced cooperation between the two airlines. As of today, collaborative work and talks regarding such cooperation are still ongoing and any further development will be announced accordingly.
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16.02.2016 - Public Disclosures
Traffic results for the period of January 2016 are as follows:
* During the period of January 2016 passenger carried increased by 8.1%, reaching to 4.7 million passengers from 4.3 million passengers for the same period of 2015. Increases in number of passengers carried in domestic and international lines are 9.1% and 7.4%, respectively.
* International Business/Comfort Class passengers increased by 3.5% for the same period, while international-to-international transfer passengers increased by 15.4%.
* L/F decreased by 2.2 point to 74.2%.
* ASK with 15.4% increase reached to 13.1 billion during the period of January 2016 from 11.4 billion for the same period of 2015. Increases in ASK in domestic and international lines are 8.3% and 16.3%, respectively.
* RPK with 12.1% increase reached to 9.7 billion during the period of January 2016 from 8.7 billion for the same period of 2015. Increases in RPK in domestic and international lines are 8.8% and 12.6%, respectively.
* Number of landings (passenger aircraft) of 33,293 for the period of January 2015 increased by 7.6% to 35,808 in 2016.
* Cargo/Mail carried during the period of January 2016 increased by 8.0% to 52,213 tons from 48,347 tons in 2015.
* By the end of January 2016, number of destinations went up to 284 from 261 of January 2015. Number of domestic destinations increased from 43 to 49 and international destinations increased from 218 to 235.
* By the end of January 2016, number of aircraft went up to 298 from 262 of January 2015. Number of wide body aircraft increased from 55 to 73, narrow body aircraft from 198 to 215 and cargo aircraft from 9 to 10.
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03.02.2016 - Public Disclosures
Negotiations between our Incorporation and Hava-Is Labor Union which represents approximately 17.500 Turkish Airlines employees, regarding the 25th Collective Bargaining Agreement will begin Wednesday February 10, 2016 2:00 pm Istanbul time at Turkish Airlines Headquarters.
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12.01.2016 - Public Disclosures
According to the non-consolidated 2016 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2016 is as follows:
Fleet / Network Development By the end of 2016 the fleet size is planned to reach to 339, including 240 narrow-body, 87 wide-body and 12 cargo aircraft. With 6 new route additions, destinations served will reach 290.
Traffic Development Total number of passengers carried is targeted to reach 72,4 million including 30,6 million on scheduled domestic routes, 40,8 million on scheduled international routes, and the rest on charter and hajj flights. While passenger load factor is expected to be 78%, total Available Seat Kilometers (ASK) will reach to 186 billion with an increase of 21% compared 2015. Capacity (ASK) increase is expected to be 11% in Turkey, 31% in America region, 27% in Africa region, 23% in Far East region, 17% in Europe region and 17% in Middle East region. In 2016, cargo/mail carried will increase by 13% reaching 815 thousand tonnes.
Financial Development In 2016, the Incorporation's number of personnel on average is expected to increase by 19% along with 18% increase in fuel consumption compared to 2015. Under the assumptions of average 1,10 for EUR/USD, average 3,14 USD/TRY and average jet fuel (inc. Hedge) 647$/per ton, the Incorporation is targeting to generate 12,2 Billion USD of sales revenue. Compared to 2015, close to 3% decrease (in USD terms) in passenger unit revenue is expected and close to 1,5% decrease in ex-fuel unit costs (in USD terms) is targeted. Targeted EBITDAR margin is 20-22%.
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11.01.2016 - Public Disclosures
Traffic results for the period of January-December 2015 are as follows:
* During the period of January-December 2015 passenger carried increased by 11.8%, reaching to 61.2 million passengers from 54.8 million passengers for the same period of 2014. Increases in number of passengers carried in domestic and international lines are 15.7% and 9.0%, respectively.
* International Business/Comfort Class passengers increased by 6.5% for the same period, while international-to-international transfer passengers increased by 18.1%.
* L/F decreased by 1.4 point to 77.9%.
* ASK with 13.6% increase reached to 153.2 billion during the period of January-December 2015 from 134.8 billion for the same period of 2014. Increases in ASK in domestic and international lines are 13.1% and 13.7%, respectively.
* RPK with 11.7% increase reached to 119.4 billion during the period of January-December 2015 from 106.9 billion for the same period of 2014. Increases in RPK in domestic and international lines are 15.2% and 11.1%, respectively.
* Number of landings (passenger aircraft) of 413,492 for the period of January-December 2014 increased by 9.6% to 452,982 in 2015.
* Cargo/Mail carried during the period of January-December 2015 increased by 8.7% to 720,440 tons from 662,689 tons in 2014.
* By the end of December 2015, number of destinations went up to 284 from 261 of December 2014. Number of domestic destinations increased from 43 to 49 and international destinations increased from 218 to 235.
* By the end of December 2015, number of aircraft went up to 299 from 261 of December 2014. Number of wide body aircraft increased from 55 to 73, narrow body aircraft from 197 to 216 and cargo aircraft from 9 to 10.
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08.12.2015 - Public Disclosures
Public Disclosures that were announced on 04.12.2015 are being resent in order to comply with the Turkish Public Disclosure Regulations.
Board Member Ismail Cenk Dilberoglu has been appointed as the Member of the Executive Committee replacing Executive Committee member Ismail Gercek.
The Incorporation has decided for Board Member Ogün Şanlıer to serve as an Independent Board Member until the approval of the closest General Assembly and has appointed him as Chairman of the Early Identification of Risks Committee and Member of the Audit Committee.
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04.12.2015 - Public Disclosures
The Incorporation has decided for Board Member Ogün Şanlıer to serve as an Independent Board Member until the approval of the closest General Assembly and has appointed him as Chairman of the Early Identification of Risks Committee and Member of the Audit Committee.
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27.11.2015 - Public Disclosures
Ref: Public Disclosure dated 09.04.2013
Our Incorporation has decided to convert the options for ten B737-8 MAX aircraft that have been purchased from Boeing to firm orders to be delivered in 2021.
Ref: Public Disclosure dated 18.01.2013
Our Incorporation has decided to convert the options for twenty A321 NEO aircraft that have been purchased from Airbus to firm orders to be delivered in 2020 and 2021, to delay the deliveries of 17 A321 NEO aircraft from 2017-2018 to 2021-2022
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16.11.2015 - Public Disclosures
Traffic results for the period of January-October 2015 are as follows:
• During the period of January-October 2015 passenger carried increased by 12.1%, reaching to 51.8 million passengers from 46.2 million passengers for the same period of 2014. Increases in number of passengers carried in domestic and international lines are 16.2% and 9.2%, respectively.
• International Business/Comfort Class passengers increased by 6.6% for the same period, while international-to-international transfer passengers increased by 18.4%.
• L/F decreased by 1.2 point to 78.9%.
• ASK with 13.0% increase reached to 127.1 billion during the period of January-October 2015 from 112.4 billion for the same period of 2014. Increases in ASK in domestic and international lines are 13.1% and 13.0%, respectively.
• RPK with 11.5% increase reached to 100.2 billion during the period of January-October 2015 from 90.0 billion for the same period of 2014. Increases in RPK in domestic and international lines are 15.6% and 10.7%, respectively.
• Number of landings (passenger aircraft) of 347,691 for the period of January-October 2014 increased by 9.5% to 380,620 in 2015.
• Cargo/Mail carried during the period of January-October 2015 increased by 7.1% to 581,708 tons from 542,935 tons in 2014.
• By the end of October 2015, number of destinations went up to 279 from 261 of October 2014. Number of domestic destinations increased from 43 to 48 and international destinations increased from 218 to 231.
• By the end of October 2015, number of aircraft went up to 297 from 260 of October 2014. Number of wide body aircraft increased from 53 to 71, narrow body aircraft from 198 to 216 and cargo aircraft from 9 to 10.
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06.11.2015 - Public Disclosures
The Incorporation has announced its' consolidated financial results for the January-September 2015 period. Investors can access the consolidated financial statements, Board of director's interim activity report, related press release, and the investor presentation through the Incorporation's website.
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27.10.2015 - Public Disclosures
As a result of the negotiations made between Turkish Technic and Çelik-İş Union, 5th Collective Bargaining Agreement has been signed, regarding 5500 employees, covering 3 year period starting from 1 July 2015.
According to the Agreement, the wage increase for the second half of 2015 will be 7% ,for the first half 2016 will be 5% and for the following periods, it will be equal to inflation rate of relevant period plus rate of 0.5%. Apart from this, the monthly-paid social aid will increase from 390.-TL to 485.-TL for the first year, from 485.-TL to 550.-TL for the second year and from 550.-TL to 615.-TL for the third year. A onetime gross payment of 1.550.-TL will be made to the unionized staff.
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19.10.2015 - Public Disclosures
Traffic results for the period of January-September 2015 are as follows:
• During the period of January-September 2015 passenger carried increased by 12.2%, reaching to 46.5 million passengers from 41.4 million passengers for the same period of 2014. Increases in number of passengers carried in domestic and international lines are 16.5% and 9.1%, respectively.
• International Business/Comfort Class passengers increased by 6.2% for the same period, while international-to-international transfer passengers increased by 16.8%.
• L/F decreased by 0.8 point to 79.0%.
• ASK with 12.6% increase reached to 113.0 billion during the period of January-September 2015 from 100.4 billion for the same period of 2014. Increases in ASK in domestic and international lines are 12.9% and 12.6%, respectively.
• RPK with 11.5% increase reached to 89.3 billion during the period of January-September 2015 from 80.1 billion for the same period of 2014. Increases in RPK in domestic and international lines are 15.8% and 10.8%, respectively.
• Number of landings (passenger aircraft) of 311,889 for the period of January-September 2014 increased by 9.3% to 340,993 in 2015.
• Cargo/Mail carried during the period of January-September 2015 increased by 9.5% to 531,933 tons from 485,845 tons in 2014.
• By the end of September 2015, number of destinations went up to 277 from 260 of September 2014. Number of domestic destinations increased from 43 to 48 and international destinations increased from 217 to 229.
• By the end of September 2015, number of aircraft went up to 298 from 265 of September 2014. Number of wide body aircraft increased from 56 to 71, narrow body aircraft from 200 to 217 and cargo aircraft from 9 to 10
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17.09.2015 - Public Disclosures
Traffic results for the period of January-August 2015 are as follows:
• During the period of January-August 2015 passenger carried increased by 11.7%, reaching to 40.7 million passengers from 36.4 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 15.7% and 9.0%, respectively.
• International Business/Comfort Class passengers increased by 6.0% for the same period, while international-to-international transfer passengers increased by 16.0%.
• L/F decreased by 0.8 point to 78.8%.
• ASK with 12.2% increase reached to 99.3 billion during the period of January-August 2015 from 88.6 billion for the same period of 2014. Increase in ASK in domestic and international lines is 11.9% and 12.2%, respectively.
• RPK with 11.1% increase reached to 78.3 billion during the period of January-August 2015 from 70.5 billion for the same period of 2014. Increase in RPK in domestic and international lines is 14.7% and 10.5%, respectively.
• Number of landings (passenger aircraft) of 275,340 for the period of January-August 2014 increased by 8.7% to 299,305 in 2015.
• Cargo/Mail carried during the period of January-August 2015 increased by 10.5% to 472,317 tons from 427,317 tons in 2014.
• By the end of August 2015, number of destinations went up to 277 from 260 of August 2014. Number of domestic destinations increased from 43 to 48 and international destinations increased from 217 to 229.
• By the end of August 2015, number of aircraft went up to 294 from 263 of August 2014. Number of wide body aircraft increased from 54 to 69, narrow body aircraft from 200 to 215 and cargo aircraft from 9 to 10.
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12.09.2015 - Public Disclosures
Attached is the official press announcement regarding the successful offering of Enhanced Equipment Trust Certificates (EETC) with an aggregate face amount of JPY 11.9 billion (approximately Usd 99.3 million) for the purpose of financing three Airbus A321-200 aircraft scheduled to be delivered in September 2015, October 2015 and November 2015.
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17.08.2015 - Public Disclosures
Traffic results for the period of January-July 2015 are as follows:
*During the period of January-July 2015 total passenger carried has increased by 10.7%, reaching to 34.4 million passengers from 31.0 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 14.1% and 8.2%, respectively.
*International Business/Comfort Class passengers increased by 5.2% for the same period, while international-to-international transfer passengers increased by 14.5%. (For the month of July 2015, increase in both numbers compared to 2014 July is 20% and 25%, respectively)
*L/F decreased by 0.6 point to 78.2%.
*ASK with 11.2% increase reached to 84.8 billion during the period of January-July 2015 from 76.3 billion for the same period of 2014. Increase in ASK in domestic and international lines is 10.0% and 11.4%, respectively.
*RPK with 10.3% increase reached to 66.3 billion during the period of January-July 2015 from 60.1 billion for the same period of 2014. Increase in RPK in domestic and international lines is 13.0% and 9.9%, respectively.
*Number of landings (passenger aircraft) of 236,736 for the period of January-July 2014 has increased by 7.8% to 255,251 in 2015.
*Cargo/Mail carried during the period of January-July 2015 has increased by 9.5% to 409,614 tons from 374,215 tons in 2014.
*By the end of July 2015, number of destinations went up to 276 from 259 of July 2014. Number of domestic destinations has increased from 43 to 48 and international destinations has increased from 216 to 228.
*By the end of July 2015, number of aircraft went up to 289 from 261 of July 2014. Number of wide body aircraft has increased from 53 to 69, narrow body aircraft from 199 to 209 and cargo aircraft remained the same, total of 9.
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14.08.2015 - Public Disclosures
The Incorporation has announced its' consolidated financial results for the January-June 2015 period. Investors can access the consolidated financial statements, Board of director's interim activity report, related press release, and the investor presentation through the Incorporation's website.
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14.08.2015 - Public Disclosures
LOT Polish Airlines and Turkish Airlines have agreed to enhance their commercial ties. A letter of understanding have been signed by both parties, which will initiate an enhanced cooperation between relevant Polish, Turkish and beyond markets and also deepen commercial cooperation on the existing ones. Details of the cooperation will be determined after a mutual work of parties. Any further development will be announced accordingly.
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14.07.2015 - Public Disclosures
Traffic results for the period of January-June 2015 are as follows:
* During the period of January-June 2015 total passenger carried has increased by 8.5%, reaching to 28.5 million passengers from 26.3 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 11.2% and 6.6%, respectively.
* International Business/Comfort Class passengers increased by 2.8% for the same period, while international-to-international transfer passengers increased by 12.7%.
* L/F decreased by 1.0 point to 77.8%.
* ASK with 10.1% increase reached to 70.7 billion during the period of January-June 2015 from 64.3 billion for the same period of 2014. Increase in ASK in domestic and international lines is 7.4% and 10.5%, respectively.
* RPK with 8.6% increase reached to 55.0 billion during the period of January-June 2015 from 50.7 billion for the same period of 2014. Increase in RPK in domestic and international lines is 10.0% and 8.4%, respectively.
* Number of landings (passenger aircraft) of 199,988 for the period of January-June 2014 has increased by 6.2% to 212,446 in 2015.
* Cargo/Mail carried during the period of January-June 2015 has increased by 7.1% to 347,330 tons from 324,157 tons in 2014.
* By the end of June 2015, number of destinations went up to 276 from 257 of June 2014. Number of domestic destinations has increased from 43 to 48 and international destinations has increased from 214 to 228.
* By the end of June 2015, number of aircraft went up to 282 from 257 of June 2014. Number of wide body aircraft has increased from 50 to 65, narrow body aircraft from 198 to 207 and cargo aircraft has increased from 9 to 10.
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15.06.2015 - Public Disclosures
Traffic results for the period of January-May 2015 are as follows:
• During the period of January-May 2015 total passenger carried has increased by 8.7%, reaching to 23.2 million passengers from 21.4 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 10.5% and 7.4%, respectively.
• International Business/Comfort Class passengers increased by 3.7% for the same period, while international-to-international transfer passengers increased by 11.4%.
• L/F decreased by 1.0 point to 77.6%.
• ASK with 10.2% increase reached to 57.9 billion during the period of January-May 2015 from 52.5 billion for the same period of 2014. Increase in ASK in domestic and international lines is 5.8% and 10.8%, respectively.
• RPK with 8.8% increase reached to 44.9 billion during the period of January-May 2015 from 41.3 billion for the same period of 2014. Increase in RPK in domestic and international lines is 9.0% and 8.7%, respectively.
• Number of landings (passenger aircraft) of 163,998 for the period of January-May 2014 has increased by 6.0% to 173,789 in 2015.
• Cargo/Mail carried during the period of January-May 2015 has increased by 4.8% to 284,198 tons from 271,165 tons in 2014.
• By the end of May 2015, number of destinations went up to 274 from 251 of May 2014. Number of domestic destinations has increased from 43 to 48 and international destinations has increased from 208 to 226.
• By the end of May 2015, number of aircraft went up to 277 from 250 of May 2014. Number of wide body aircraft has increased from 47 to 64, narrow body aircraft from 194 to 203 and cargo aircraft has increased from 9 to 10.
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15.06.2015 - Public Disclosures
Ref: Public Disclosure dated 21.04.2015
It has been announced that THY HABOM and THY Technic would be merged, by transferring all shares, assets and liabilies of THY HABOM to THY Technic. The merger has been registered and published on Turkish Trade Registry Gazette dated 10.06.2015.
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03.06.2015 - Public Disclosures
There are some news in the media that The Incorporation is planning to acquire 49 percent of Romanian national airline TAROM's shares. We would like to announce that, at the present time, there is no Board of Directors decision taken regarding an acquisition as stated in the news.
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01.06.2015 - Public Disclosures
The Board of Directors has decided to establish Office of Chief Corporate Development and Information Technologies Officer, reporting directly to the General Manager, thus appoint Mr. Ali Serdar Yakut as Chief Corporate Development and Information Technologies Officer. Senior Vice Presidency of Corporate Development and Information Technologies and all of its sub-staff is decided to be reporting to the Office of Chief Corporate Development and Information Technologies Officer.
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15.05.2015 - Public Disclosures
Traffic results for the period of January-April 2015 are as follows:
* During the period of January-April 2015 total passenger carried has increased by 7.3%, reaching to 17.8 million passengers from 16.6 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 7.8% and 7.0%, respectively.
* International Business/Comfort Class passengers increased by 3.1% for the same period, while international-to-international transfer passengers increased by 10.0%.
* L/F decreased by 1.0 point to 77.3%.
* ASK with 9.0% increase reached to 44.8 billion during the period of January-April 2015 from 41.1 billion for the same period of 2014. Increase in ASK in domestic and international lines is 2.1% and 10.0%, respectively.
* RPK with 7.6% increase reached to 34.6 billion during the period of January-April 2015 from 32.1 billion for the same period of 2014. Increase in RPK in domestic and international lines is 5.3% and 8.0%, respectively.
* Number of landings (passenger aircraft) of 128,024 for the period of January-April 2014 has increased by 4.8% to 134,114 in 2015.
* Cargo/Mail carried during the period of January-April 2015 has increased by 2.3% to 218,148 tons from 213,153 tons in 2014.
* By the end of April 2015, number of destinations went up to 269 from 247 of April 2014. Number of domestic destinations remained the same, as 43 and international destinations has increased from 204 to 225.
* By the end of April 2015, number of aircraft went up to 274 from 247 of April 2014. Number of wide body aircraft has increased from 46 to 62, narrow body aircraft from 192 to 202 and cargo aircraft has increased from 9 to 10.
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11.05.2015 - Public Disclosures
The Incorporation has announced its' consolidated financial results for the January-March 2015 period. Investors can access the consolidated financial statements, Board of director's interim activity report, related press release, and the investor presentation through the Incorporation's website.
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21.04.2015 - Public Disclosures
It has been decided by the Boards of Türk Hava Yolları Havacılık Ağır Bakım Onarım Merkezi A.Ş. (THY HABOM) and Türk Hava Yolları Teknik A.Ş.(THY Technic) to merge THY Technic and THY HABOM, by transferring all shares, assets and liabilies of THY HABOM to THY Technic. The public will be informed about the developments in the process going forward.
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14.04.2015 - Public Disclosures
Traffic results for the period of January-March 2015 are as follows:
* During the period of January-March 2015 total passenger carried has increased by 6.5%, reaching to 12.8 million passengers from 12.0 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 5.9% and 7.0%, respectively.
* International Business/Comfort Class passengers increased by 2.8% for the same period, while international-to-international transfer passengers increased by 10.2%.
* L/F decreased by 1.5 point to 76.6%.
* ASK with 9.4% increase reached to 33.1 billion during the period of January-March 2015 from 30.2 billion for the same period of 2014. Increase in ASK in domestic and international lines is 1.4% and 10.6%, respectively.
* RPK with 7.3% increase reached to 25.3 billion during the period of January-March 2015 from 23.6 billion for the same period of 2014. Increase in RPK in domestic and international lines is 4.1% and 7.8%, respectively.
* Number of landings (passenger aircraft) of 93,844 for the period of January-March 2014 has increased by 3.9% to 97,493 in 2015.
* Cargo/Mail carried during the period of January-March 2015 has increased by 1.9% to 159,515 tons from 156,541 tons in 2014.
* By the end of March 2015, number of destinations went up to 265 from 246 of March 2014. Number of domestic destinations remained the same, as 43 and international destinations has increased from 203 to 222.
* By the end of March 2015, number of aircraft went up to 268 from 241 of March 2014. Number of wide body aircraft has increased from 43 to 56, narrow body aircraft from 189 to 203, while cargo aircraft remained the same, as 9.
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14.04.2015 - Public Disclosures
The Incorporation has decided to appoint Chairman of the Board Mr. Mehmet İlker Aycı as Chairman of the Executive Comittee, Vice Chairman of the Board and General Manager Mr. Temel Kotil as Vice Chairman of the Executive Committee and Board Member Mr. İsmail Gerçek as the Member of the Executive Committee.
The existing duties, authorities and responsibilities of Mr. Mehmet İlker Aycı as Chairman of the Board and the Chairman of the Executive Committee and the existing duties, authorities and responsibilities of Mr. Temel Kotil as General Manager and the the Vice Chairman of the Executive Committee have been left unchanged.
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07.04.2015 - Public Disclosures
The Incorporation has decided to appoint Board Members Mehmet Muzaffer Akpınar(Comittee Chairman) and İsmail Cenk Dilberoğlu to the Audit Committee, Board Members Arzu Akalın (Committee Chairman), Mehmet Büyükekşi, İsmail Gerçek and Investor Relations Manager Duygu İnceöz to the Corporate Governance Committee and Board Members İsmail Cenk Dilberoğlu (Committee Chairman) and Mehmet Muzaffer Akpınar to the Early Identification of Risks Committee.
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19.03.2015 - Public Disclosures
Official press announcement regarding the private offering of enhanced equipment trust certificates with an aggregate face amount of U.S. $328,274,000 for the purpose of financing three wide body Boeing 777-300ER aircraft scheduled to be delivered in March 2015 and April 2015 can be found attached.
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17.03.2015 - Public Disclosures
Traffic results for the period of January-February 2015 are as follows:
* During the period of January-February 2015 total passenger carried has increased by 6.1%, reaching to 8.3 million passengers from 7.8 million passengers for the same period of 2014. Increase in number of passengers carried in domestic and international lines is 5.6% and 6.4%, respectively.
* International Business/Comfort Class passengers increased by 0.8% for the same period, while international-to-international transfer passengers increased by 9.3%.
* L/F decreased by 1.1 point to 76.2%.
* ASK with 8.3% increase reached to 21.4 billion during the period of January-February 2015 from 19.7 billion for the same period of 2014. Increase in ASK in domestic and international lines is 0.4% and 9.5%, respectively.
* RPK with 6.7% increase reached to 16.3 billion during the period of January-February 2015 from 15.3 billion for the same period of 2014. Increase in RPK in domestic and international lines is 3.8% and 7.2%, respectively.
* Number of landings (passenger aircraft) of 61,238 for the period of January-February 2014 has increased by 2.6% to 62,808 in 2015.
* Cargo/Mail carried during the period of January-February 2015 has increased by 0.1% to 97,296 tons from 97,167 tons in 2014.
* By the end of February 2015, number of destinations went up to 261 from 243 of February 2014. Number of domestic destinations has increased from 42 to 43 and international destinations from 201 to 218.
* By the end of February 2015, number of aircraft went up to 263 from 237 of February 2014. Number of wide body aircraft has increased from 43 to 55, narrow body aircraft from 185 to 199, while cargo aircraft remained the same, as 9.
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06.03.2015 - Public Disclosures
Moody's and S&P, two of the most respectful international credit rating agencies, assigned Turkish Airlines' first time public corporate rating to be Ba1 and BB+, respectively.
Moody's, in its press release, mentioned that Turkish Airlines' healthy financial profile is underpinned by its low-cost structure and historical above-peer-average profitability metrics and that Turkish Airlines has a well-diversified passenger revenue base that is supported by the economic and tourism growth seen in Turkey, while Istanbul's geographic location allows the Ataturk International Airport to act as a hub for international transfer traffic. Moody's believes that the airline is also an important contributor to the Turkish economy and plays a major role in promoting economic growth and tourism. The stable outlook of Turkish Airlines reflects Moody's expectation that the Incorporation will see steady industry demand with favourable passenger growth and healthy load factors during its fleet expansion phase. The outlook also assumes that Turkish Airlines will continue to have an efficient cost base and above-peer-average profitability metrics through the economic cycle.
According to S&P's press release, the business risk profile of Turkish Airlines reflects its market position at Istanbul Ataturk Airport, Istanbul's beneficial geographic position as a transfer hub and the company's strong track record of growth over the past three years. S&P's statement also underlined Turkish Airlines important role in the Turkish economy.
With these ratings, Turkish Airlines achieved the second highest rating among the global network carriers in the industry that have been rated by both Moody's and S&P.
Attached you may find the related reports;
-Moody's
-S&P
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06.03.2015 - Public Disclosures
According to the consolidated financial statements belonging to the accounting period of 01.01.2014-31.12.2014 prepared in accordance with the International Financial Reporting Standards within the framework of the provisions of the Communiqué of the CMB Serial: XI and Number: 29 and audited by AKİS Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is TL 1.819.259.536. On the other hand, the net profit of the period is TL 818.203.579 according to the legal books. Within this framework, net profit of TL 818.203.579 according to the legal books will be transferred to previous years' loss account of TL 1.023.653.930. Due to the remaining previous years' loss account of TL 205.450.351, there will not be any distributable profit (according to the legal books).Therefore, the net profit of TL 1.819.259.536 (according to IFRS) will be transferred to the previous years' profit account. Attached you may reach the profit distribution table for the year 2014. The Board's resolution regarding 2014 profit distribution will be submitted to the approval of the General Assembly that will take place on April 6th, 2015.
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27.02.2015 - Public Disclosures
In order to strengthen our flight network our Incorporation has decided to take over one afternoon landing and take-off right (slot-pair) at London Heathrow from SAS at the beginning of the winter traffic program on 25th October 2015. Following this transaction, Turkish Airlines will have 38 weekly slot-pairs at London Heathrow Airport.
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25.02.2015 - Public Disclosures
The presentation from the press conference held this morning by our Chairman Hamdi Topçu on 2014 financial results is available on our investor relations website. Some important minutes from the conference are provided below:
- There is a plan for 7 additional aircraft to enter the fleet in 2015 and the leasing of these aircraft are at the agreement stage. With the addition of these aircraft the 2015 year-end fleet will reach 300 and our traffic and financial guidance will be revised accordingly.
- Together with our subsidiaries 3,7 billion USD capital expenditure is planned for 2015. Out of this amount 3,1 billion USD is the CAPEX plan for Turkish Airlines including the aircraft purchases.
- Due to poor weather conditions on the dates between 17 and 20 February 2015, 1.195 narrow body, 73 wide-body flight operations were cancelled and 56 flights were diverted. Total of 90.000 passengers were catered on the ground and 8.000 passengers were provided accomodation. The total cost of the mentioned flight interruptions for our Incorporation was calculated to be around 26 million Euros.
- Our Incorporation has the talent to include any type of aircraft to its fleet and there are ongoing negotiations for all types of aircraft. As of today, there is no Board decision regarding the purchase or lease of an A380 aircraft. Turkish Airlines will not be operating an A380 aircraft in 2015.
- Capital markets is considered as a financing option for the sake of diversification. Related preparations have been completed and the transaction could take place in the first half of 2015 should there be favorable financial conditions.
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17.02.2015 - Public Disclosures
Ref: Public Disclosure dated 11.02.2015
Our Incorporation's application to Capital Markets Board (CMB) regarding the authorised capital ceiling increase and amendments to the articles of association has been approved by CMB's letter dated 16.02.2015. The proposed amendments will be submitted to the General Assembly for approval, upon receipt of the Ministry of Custom and Trade approvals.
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26.01.2015 - Public Disclosures
In accordance with the Capital Markets Boards' Communique on Authorised Capital System, the Incorporation has decided to increase its Authorised Capital to 5.000.000.000 Turkish Lira to be valid for 2015-2019 and hence make the related ammendment to "Article 6 - Share Capital and Share Certificates". The proposed amendment will be submitted to the General Assembly for approval, upon receipt of Capital Markets Board and Ministry of Custom and Trade approvals.
The proposed amendment document is attached.
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26.01.2015 - Public Disclosure
Our Incorporation has decided to make the following ammendments to the Articles of Association;
- In accordance with the Capital Markets Boards' Communique on Authorised Capital System, the Incorporation has decided to increase its Authorised Capital to 5.000.000.000 Turkish Lira to be valid for 2015-2019 and hence make the related ammendment to "Article 6 - Share Capital and Share Certificates".
- Amendments to Articles 10, 11, 15, 21, 22, 23, 24, 25, 29, 36, 37 and 40 in order to comply with the Turkish Commercial Code
- Additional amendements to Articles 3, 4, 14 and 34.
The proposed amendment document is attached.
The proposed amendments will be submitted to the General Assembly for approval, upon receipt of Capital Markets Board and Ministry of Custom and Trade approvals.
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14.01.2015 - Public Disclosure
* During the period of January-December 2014 total passenger carried has increased by 13.3%, reaching to 54.7 million passengers from 48.3 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 13.2% and 13.3%, respectively.
* International Business/Comfort Class passengers increased by 13.5% for the same period, while international-to-international transfer passengers increased by 20.0%.
* L/F decreased by 0.1 point to 78.9%.
* ASK with 16.3% increase reached to 135.3 billion during the period of January-December 2014 from 116.4 billion for the same period of 2013. Increase in ASK in domestic and international lines is 13.8% and 16.6%, respectively.
* RPK with 16.1% increase reached to 106.8 billion during the period of January-December 2014 from 92.0 billion for the same period of 2013. Increase in RPK in domestic and international lines is 15.8% and 16.1%, respectively.
* Number of landing (passenger aircraft), 370,158 for the period of January-December 2013 has increased to 413,376 in 2014. (+11.7%)
* Cargo/Mail carried during the period of January-December 2014 reached to 667,743 tons from 565,315 tons in 2013. (+18.1%)
* By the end of December 2014, number of destinations went up to 261 from 243, compared to December of 2013. Number of domestic destinations has increased from 42 to 43 and international destinations from 201 to 218.
* By the end of December 2014, number of aircraft went up to 261 from 233, compared to December of 2013. While number of wide body aircraft has increased from 42 to 55, narrow body from 182 to 197, cargo aircraft remained the same, total of 9
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08.01.2015 - Public Disclosures
The investigation of the Competition Board about Turkish Airlines was completed. As a result of the investigation, the Board decided that a violation by Turkish Airlines by abusing its dominant position via discriminatory practices against the competitor regarding domestic and international lines from Istanbul could not be detected. Consequently, it was concluded that Turkish Airlines would not be imposed administrative fines.
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31.12.2014 - Public Disclosures
According to the non-consolidated 2015 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2015 is as follows:
By the end of 2015 the fleet size is planned to reach to 293, including 214 narrow-body, 68 wide-body and 11 cargo aircraft.
While passenger load factor is expected to be 80.3%, total Available Seat Kilometers (ASK) will reach to 157 billion with an increase of 16% compared to 2014.
Total number of passengers carried is targeted to reach to 63 million including 25.9 million on scheduled domestic routes, 36.0 million on scheduled international routes, and the rest on charter and hajj flights.
As a result of the planned commercial activities, the Incorporation is targeting to reach approximately 12 billion USD revenue.
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23.12.2014 - Public Disclosures
Ref: Public Disclosure dated 15.03.2013
Our Incorporation has decided to exercise the options for eight A321-200 NEO aircraft that have been purchased from Airbus to be delivered in 2019 and to convert four firm orders of A320-200 NEO aircraft that were to be delivered in 2016, to four A321-200 NEO aircraft to be delivered in 2021.
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16.12.2014 - Public Disclosures
Traffic results for the period of January-November 2014 are as follows:
* During the period of January-November 2014 total passenger carried has increased by 13.3%, reaching to 50.4 million passengers from 44.5 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 13.5% and 13.2%, respectively.
* International Business/Comfort Class passengers increased by 14.1% for the same period, while international-to-international transfer passengers increased by 20.5%.
* L/F decreased by 0.1 point to 79.1%.
* ASK with 16.5% increase reached to 124.0 billion during the period of January-November 2014 from 106.5 billion for the same period of 2013. Increase in ASK in domestic and international lines is 14.4% and 16.8%, respectively.
* RPK with 16.3% increase reached to 98.1 billion during the period of January-November 2014 from 84.4 billion for the same period of 2013. Increase in RPK in domestic and international lines is 16.3%.
* Number of landing (passenger aircraft), 339,292 for the period of January-November 2013 has increased to 379,991 in 2014. (+12.0%)
* Cargo/Mail carried during the period of January-November 2014 reached to 608,531 tons from 511,675 tons in 2013. (+18.9%)
* By the end of November 2014, number of destinations went up to 261 from 241, compared to November of 2013. Number of domestic destinations has increased from 42 to 43 and international destinations from 199 to 218.
* By the end of November 2014, number of aircraft went up to 261 from 232, compared to November of 2013. While number of wide body aircraft has increased from 41 to 54, narrow body from 182 to 198, cargo aircraft remained the same, total of 9.
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13.11.2014 - Public Disclosures
Traffic results for the period of January-October 2014 are as follows:
• During the period of January-October 2014 total passenger carried has increased by 13.7%, reaching to 46.2 million passengers from 40.6 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 13.9% and 13.6%, respectively.
• International Business/Comfort Class passengers increased by 15.0% for the same period, while international-to-international transfer passengers increased by 21.5%.
• L/F remained unchanged with a percentage of 79.5%.
• ASK with 16.9% increase reached to 113.1 billion during the period of January-October 2014 from 96.8 billion for the same period of 2013. Increase in ASK in domestic and international lines is 15.5% and 17.1%, respectively.
• RPK with 16.9% increase reached to 90.0 billion during the period of January-October 2014 from 77.0 billion for the same period of 2013. Increase in RPK in domestic and international lines is 16.9%.
• Number of landing (passenger aircraft), 308,716 for the period of January-October 2013 has increased to 347,747 in 2014. (+12.6%)
• Cargo/Mail carried during the period of January-October 2014 reached to 547,791 tons from 457,711 tons in 2013. (+19.7%)
• By the end of October 2014, number of destinations went up to 261 from 239, compared to October of 2013. Number of domestic destinations has increased from 42 to 43 and international destinations from 197 to 218.
• By the end of October 2014, number of aircraft went up to 260 from 231, compared to October of 2013. While number of wide body aircraft has increased from 40 to 53, narrow body from 182 to 198, cargo aircraft remained the same, total of 9.
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10.11.2014 - Public Disclosures
The Incorporation has announced its' consolidated financial results for the January-September 2014 period. Investors can access the consolidated financial statements, Board of director's interim activity report, related press release, and the investor presentation through the Incorporation's website.
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13.10.2014 - Public Disclosures
Traffic results for the period of January-September 2014 are as follows:
• During the period of January-September 2014 total passenger carried has increased by 14.3%, reaching to 41.4 million passengers from 36.2 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 14.9% and 14.0%, respectively.
• International Business/Comfort Class passengers increased by 15.6% for the same period, while international-to-international transfer passengers increased by 22.5%.
• L/F remained unchanged with a percentage of 79.7%.
• ASK with 17.4% increase reached to 101.1 billion during the period of January-September 2014 from 86.2 billion for the same period of 2013. Increase in ASK in domestic and international lines is 16.8% and 17.5%, respectively.
• RPK with 17.4% increase reached to 80.6 billion during the period of January-September 2014 from 68.7 billion for the same period of 2013. Increase in RPK in domestic and international lines is 18.3% and 17.3%, respectively.
• Number of landing (passenger aircraft), 274,890 for the period of January-September 2013 has increased to 311,975 in 2014. (+13.5%)
• Cargo/Mail carried during the period of January-September 2014 reached to 490,074 tons from 406,986 tons in 2013. (+20.4%)
• By the end of September 2014, number of destinations went up to 260 from 239, compared to September of 2013. Number of domestic destinations has increased from 42 to 43 and international destinations from 197 to 217.
• By the end of September 2014, number of aircraft went up to 265 from 233, compared to September of 2013. While number of wide body aircraft has increased from 40 to 56, narrow body from 182 to 200, cargo aircraft has decreased from 11 to 9.
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10.10.2014 - Public Disclosures
Due to changes in the fleet plan and changes in TK, Ajet capacity management, the traffic figures of our official 2014 guidance which have been announced on 30.12.2013 have been revised as follows:
By the end of 2014 the fleet size is planned to reach 262, including 199 narrow-body, 55 wide-body and 8 cargo aircraft. Paralel to this, total Available Seat Kilometers (ASK) is expected to reach 136 billion with an increase of 17% compared 2013 and load factor is expected to be 79.1%.
Total number of passengers carried is targeted to reach to 55.6 million including 23.2 million on scheduled domestic routes, 31.4 million on scheduled international routes, and the rest on charter and hajj flights.
On the account that the change in the traffic guidance arises mostly from changes in Ajet (domestic) capacity plan, total sales revenue and profitability targets remain unchanged.
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16.09.2014 - Public Disclosures
Traffic results for the period of January-August 2014 are as follows:
• During the period of January-August 2014 total passenger carried has increased by 14.8%, reaching to 36.4 million passengers from 31.7 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 16.0% and 14.0%, respectively.
• International Business/Comfort Class passengers increased by 15.9% for the same period, while international-to-international transfer passengers increased by 23.3%.
• L/F decreased by 0.2 point to 79.5%.
• ASK with 17.9% increase reached to 89.2 billion during the period of January-August 2014 from 75.6 billion for the same period of 2013. Increase in ASK is 17.9% both in domestic and international lines.
• RPK with 17.6% increase reached to 70.9 billion during the period of January-August 2014 from 60.3 billion for the same period of 2013. Increase in RPK in domestic and international lines is 19.3% and 17.4%, respectively.
• Number of landing (passenger aircraft), 240,743 for the period of January-August 2013 has increased to 275,047 in 2014. (+14.2%)
• Cargo/Mail carried during the period of January-August 2014 reached to 432,209 tons from 357,327 tons in 2013. (+21.0%)
• By the end of August 2014, number of destinations went up to 260 from 237, compared to August of 2013. Number of domestic destinations has increased from 41 to 43 and international destinations from 196 to 217.
• By the end of August 2014, number of aircraft went up to 263 from 233, compared to August of 2013. While number of wide body aircraft has increased from 40 to 54, narrow body from 182 to 200, cargo aircraft has decreased from 11 to 9.
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19.08.2014 - Public Disclosures
The Incorporation has announced its' consolidated financial results for the January-June 2014 period. Investors can access the consolidated financial statements, Board of director's interim activity report, related press release, and the investor presentation through the Incorporation's website.
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14.08.2014 - Public Disclosures
Traffic results for the period of January-July 2014 are as follows:
• During the period of January-July 2014 total passenger carried has increased by 15.2%, reaching to 31 million passengers from 26.9 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 17.4% and 13.8%, respectively.
• International Business/Comfort Class passengers increased by 14.2% for the same period, while international-to-international transfer passengers increased by 25.5%.
• L/F decreased by 0.3 point to 78.9%.
• ASK with 18.5% increase reached to 76.7 billion during the period of January-July 2014 from 64.7 billion for the same period of 2013. Increase in ASK in domestic and international lines is 21.0% and 18.1%, respectively.
• RPK with 18.0% increase reached to 60.5 billion during the period of January-July 2014 from 51.3 billion for the same period of 2013. Increase in RPK in domestic and international lines is 21.7% and 17.4%, respectively.
• Number of landing (passenger aircraft), 205.206 for the period of January-July 2013 has increased to 236.322 in 2014. (+15.2%)
• Cargo/Mail carried during the period of January-July 2014 reached to 378.973 tons from 312.072 tons in 2013. (+21.4%)
• By the end of July 2014, number of destinations went up to 259 from 237, compared to July of 2013. Number of domestic destinations has increased from 41 to 43 and international destinations from 196 to 216.
• By the end of July 2014, number of aircraft went up to 261 from 230, compared to July of 2013. While number of wide body aircraft has increased from 40 to 53; narrow body from 180 to 199, cargo aircraft has decreased from 10 to 9.
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22.07.2014 - Public Disclosures
There are some unfair and unrealistic news in the media about our Incorporation.
All the events and comments made in the aforementioned news certainly do not reflect the truth. All the strategic decions of Turkish Airlines, including inauguration of new routes, are made overseeing the benefits of the Company. Turkish Airlines does not have a cash deficit nor a working capital need. Moreover the Company has no financial debt except for those related to aircraft financing, which is all long term with one of the lowest financing costs in the market. Turkish Airlines’ 2014 operations and financial position is in line with its’ budget and is expected to achieve its targeted profitability, as in the last 10 years.
Within the scope of Capital Markets Legislation, providing deceiving, false or misleading information, news and comments, or publishing these with an aim to influence the value or price of capital market instruments or investors' decision is considered as Market Manupulation. In this context, all corporations and institutions have to show sensitivity to publish correct news and avoid any information, news, comments or evaluations that has not been approved by the Incorporation. Those who act against will be under legal and criminal liability.
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14.07.2014 - Public Disclosures
Traffic results for the period of January-June 2014 are as follows:
* During the period of January-June 2014 total passenger carried has increased by 16.8%, reaching to 26.2 million passengers from 22.4 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 19.9% and 14.7 %, respectively.
* International Business/Comfort Class passengers increased by 13.9% for the same period, while international-to-international transfer passengers increased by 28.4%.
* L/F decreased by 0.1 point to 79%.
* ASK with 19.3% increase reached to 64.6 billion during the period of January-June 2014 from 54.1 billion for the same period of 2013. Increase in ASK in domestic and international lines is 24.4% and 18.6%, respectively.
* RPK with 19.2% increase reached to 51 billion during the period of January-June 2014 from 42.8 billion for the same period of 2013. Increase in RPK in domestic and international lines is 24.8% and 18.4%, respectively.
* Number of landing (Passenger Aircraft), 171.026 for the period of January-June 2013 has increased to 199.556 in 2014. (+16.7%)
* Cargo/Mail carried during the period of January-June 2014 reached to 328.659 tons from 263.170 tons in 2013. (+24.9%)
* By the end of June 2014, number of destinations went up to 257 from 234, compared to June of 2013. Number of domestic destinations has increased from 38 to 43 and international destinations from 196 to 214.
* By the end of June 2014, number of aircraft went up to 257 from 223, compared to June of 2013. While number of wide body aircraft has increased from 38 to 50; narrow body from 175 to 198, cargo aircraft has decreased from 10 to 9.
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10.07.2014 - Public Disclosures
Following the news on the media regarding the conversations between Turkish Airlines and Lufthansa, there has been a need to make an additional comment. Turkish Airlines is continuously in talks towards improving any cooperation with its Star Alliance and SunExpress partner Lufthansa. In this respect, Turkish Airlines and Lufthansa management are discussing new cooperation models over their joint venture SunExpress.
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09.07.2014 - Public Disclosures
Following today's press release made by Lufthansa Airlines, there are several news on the media that Lufthansa Airlines is in advanced talks with Turkish Airlines over long-haul flights.
We constantly have open dialogue towards any cooperation with our Star Alliance partner, Lufthansa Airlines; however there are no projects regarding long-haul flights as mentioned in the media between Turkish Airlines and Lufthansa Airlines.
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12.06.2014 - Public Disclosures
Traffic results for the period of January-May 2014 are as follows:
• During the period of January-May 2014 total passenger carried has increased by 18.0%, reaching to 21,3 million passengers from 18.1 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 22.7% and 14.8 %, respectively.
• International Business/Comfort Class passengers increased by 15.3% for the same period, while international-to-international transfer passengers increased by 29.4%.
• L/F decreased by 0.1 point to 78.5%.
• ASK with 20.0% increase reached to 52.9 billion during the period of January-May 2014 from 44.1 billion for the same period of 2013. Increase in ASK in domestic and international lines is 27.2% and 19.0%, respectively.
• RPK with 19.9% increase reached to 41.5 billion during the period of January-May 2014 from 34.6 billion for the same period of 2013. Increase in RPK in domestic and international lines is 28,0% and 18.7%, respectively.
• Number of landing (Passenger Aircraft), 138.538 for the period of January-May 2013 has increased to 163.648 in 2014. (+18.1%)
• Cargo/Mail carried during the period of January-May 2014 reached to 271.332 tons from 215.564 tons in 2013. (+25.9%)
• By the end of May 2014, number of destinations went up to 251 from 228, compared to May of 2013. Number of domestic destinations has increased from 38 to 43 and international destinations from 190 to 208.
• By the end of May 2014, number of aircraft went up to 250 from 220, compared to May of 2013. While number of wide body aircraft has increased from 37 to 47; narrow body from 173 to 194, cargo aircraft has decreased from 10 to 9.
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30.05.2014 - Public Disclosures
Board of Türk Hava Yolları Teknik A.Ş. has decided to appoint Mr. Ahmet KARAMAN, Chief Executive Officer of Türk Hava Yolları Havacılık Ağır Bakım Onarım Merkezi A.Ş. (THY HABOM A.Ş.) , as Chief Executive Officer of Türk Hava Yolları Teknik A.Ş.
For the open position,Board of THY HABOM A.Ş. has decided to appoint Mr. Can ŞAŞMAZ, Executive Vice President (SAW) of THY HABOM A.Ş. ,as Acting Chief Executive Officer.
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13.05.2014 - Public Disclosures
Traffic results for the period of January-April 2014 are as follows:
* During the period of January-April 2014 total passenger carried has increased by 19.3%, reaching to 16,6 million passengers from 13.9 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 25.8% and 15,0 %, respectively.
* International Business/Comfort Class passengers increased by 15.7% for the same period, while international-to-international transfer passengers increased by 29.5%.
* L/F decreased by 0.1 point to 78.2%.
* ASK with 20.7% increase reached to 41.4 billion during the period of January-April 2014 from 34,3 billion for the same period of 2013. Increase in ASK in domestic and international lines is 30,6% and 19,3%, respectively.
* RPK with 20,5% increase reached to 32.3 billion during the period of January-April 2014 from 26.8 billion for the same period of 2013. Increase in RPK in domestic and international lines is 31,9% and 18.9%, respectively.
* Number of landing (Passenger Aircraft), 107.154 for the period of January-April 2013 has increased to 128.075 in 2014. (+19.5%)
* Cargo/Mail carried during the period of January-April 2014 reached to 213.128 tons from 169.581 tons in 2013. (+25.7%)
* By the end of April 2014, number of destinations went up to 247 from 222, compared to April of 2013. Number of domestic destinations has increased from 36 to 43 and international destinations from 186 to 204.
* By the end of April 2014, number of aircraft went up to 247 from 218, compared to April of 2013. While number of wide body aircraft has increased from 37 to 46; narrow body from 172 to 192, cargo aircraft remained the same, total of 9.
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09.05.2014 - Public Disclosures
The Incorporation has announced its’ consolidated financial results for the January-December 2013 period. Investors can access the consolidated financial statements, Board of director’s interim activity report, related press release, and the investor presentation through the Incorporation’s website.
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29.04.2014 - Public Disclosures
Ref: Announcement dated 10.04.2014
The duties and working principles of the Early Identification of Risks Committee, which must be determined and publicly disclosed within the scope of Corporate Governance Principles Article 4.5.2 of the Communiqué Serial II. No.17.1 of the Capital Markets Board, has been approved by The Board of Directors, and enclosed herewith.
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15.04.2014 - Public Disclosures
Traffic results for the period of January-March 2014 are as follows:
* During the period of January-March 2014 total passenger carried has increased by 20.2%, reaching to 12 million passengers from 10 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 27.9% and 15.1%, respectively.
* International Business/Comfort Class passengers increased by 16.9% for the same period, while international-to-international transfer passengers increased by 26.8%.
* L/F decreased by 0.3 point to 77.7%.
* ASK with 21.5% increase reached to 30.4 billion during the period of January-March 2014 from 25 billion for the same period of 2013. Increase in ASK in domestic and international lines is 34.1% and 19.7%, respectively.
* RPK with 21% increase reached to 23.6 billion during the period of January-March 2014 from 19.5 billion for the same period of 2013. Increase in RPK in domestic and international lines is 35% and 19.1%, respectively.
* Number of landing 77.887 for the period of January-March 2013 has increased to 93.979 in 2014. (+20.7%)
* Cargo/Mail carried during the period of January-March 2014 reached to 156.662 tons from 123.608 tons in 2013. (+26.7%)
* By the end of March 2014, number of destinations went up to 246 from 219, compared to March of 2013. Number of domestic destinations has increased from 36 to 43 and international destinations from 183 to 203.
* By the end of March 2014, number of aircraft went up to 241 from 215, compared to March of 2013. While number of wide body aircraft has increased from 37 to 43; narrow body from 169 to 189, cargo aircraft remained the same, total of 9.
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10.04.2014 - Public Disclosures
Independent Board Member, Ms. Arzu Akalın has been appointed for the open position of the Chairman of the Corporate Governance Committee, due to the resignation of Mr. Mehmet Nuri Yazıcı’s on 28.03.2014. Investor Relations Manager, Ms. Duygu İnceöz has been appointed as the Member of the Corporate Governance Committee, within the scope of Article 11-2 of the Communiqué Serial II. No.17.1 on Corporate Governance Principles of the Capital Markets Board.
Pursuant to the Communiqué Serial II. No.17.1 on Corporate Governance Principles of the Capital Markets Board, the title of the Financial Audit Committee has been changed to Audit Commitee and Independent Board Member Mr.M. İlker Aycı has been appointed for the open position of Member of Audit Committee, due to the appointment of Prof. Dr. Mecit Eş as Deputy Chairman of the Board and the Executive Committee.
Pursuant to the Communiqué Serial II. No.17.1 on Corporate Governance Principles of the Capital Markets Board, it has been decided to establish Early Identification of Risks Committee and Independent Board Member Mr. M. İlker Aycı has been appointed as the Chairman and Board Member Mr. Naci Ağbal as the Member of Early Identification of Risks Committee.
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04.04.2014 - Public Disclosures
Upon the approval of the Capital Markets Board of Turkey, The Board of Directors has decided to appoint Mr. İlker Aycı and Ms. Arzu Akalın as Independent Board Members until the next General Assembly, in order to replace open positions from prior resignations. Additionally, our Board Member Prof. Dr. Mecit Eş was appointed as Deputy Chairman of the Board and the Executive Committee.
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10.03.2014 - Public Disclosures
Traffic results for the period of January-February 2014 are as follows:
During the period of January-February 2014 total passenger carried has increased by 22.1%, reaching to 7.8 million passengers from 6.4 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 28.6% and 17.7%, respectively.
International Business/Comfort Class passengers increased by 18.2% for the same period, while international-to-international transfer passengers increased by 28.4%.
L/F increased by 0.4 point to 76.9%.
ASK with 22.3% increase reached to 19.8 billion during the period of January-February 2014 from 16.2 billion for the same period of 2013. Increase in ASK in domestic and international lines is 34.1% and 20.7%, respectively.
RPK with 23% increase reached to 15.2 billion during the period of January-February 2014 from 12.4 billion for the same period of 2013. Increase in RPK in domestic and international lines is 35.3% and 21.2%, respectively.
Number of landing 50.521 for the period of January-February 2013 has increased to 61.389 in 2014. (+21.5%)
Cargo/Mail carried during the period of January-February 2014 reached to 97.188 tons from 74.939 tons in 2013. (+29.7%)
By the end of February 2014, number of destinations went up to 243 from 219, compared to February of 2013. Number of domestic destinations has increased from 36 to 42 and international destinations from 183 to 201.
By the end of February 2014, number of aircraft went up to 237 from 211, compared to February of 2013. While number of wide body aircraft has increased from 37 to 43; narrow body from 202 to 228, cargo aircraft remained the same, total of 9
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06.03.2014 - Public Disclosures
The Incorporation has announced its’ consolidated financial results for the January-December 2013 period. Investors can access the consolidated financial statements, Board of director’s interim activity report, related press release, and the investor presentation through the Incorporation’s website.
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13.02.2014 - Public Disclosures
Traffic results for the period of January 2014 are as follows:
During the period of January 2014 total passenger carried has increased by 24.3%, reaching to 4 million passengers from 3.2 million passengers for the same period of 2013. Increase in number of passengers carried in domestic and international lines is 31.0% and 19.7%, respectively.
International Business/Comfort Class passengers increased by 18.7% for the same period, while international-to-international transfer passengers increased by 26.9%.
L/F increased by 0.7 point to 76.5%.
ASK with 23.3% increase reached to 10.4 billion during the period of January 2014 from 8.4 billion for the same period of 2013. Increase in ASK in domestic and international lines is 36.3% and 21.6%, respectively.
RPK with 24.4% increase reached to 7.9 billion during the period of January 2014 from 6.4 billion for the same period of 2013. Increase in RPK in domestic and international lines is 38.9% and 22.4%, respectively.
Number of landing 25,961 for the period of January 2013 has increased to 31,875 in 2014. (+22.8%)
During the period January 2014, number of destinations has increased by 12%, reaching to 243 from 218 for the same period in 2013.
Cargo/Mail carried during the period of January 2014 reached to 48.118 tons from 35.472 tons in 2013. (+35.6%)
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15.01.2014 - Public Disclosures
There are some news in the media implying that our Incorporation is taking actions against a bank.
Treasury operations of Turkish Airlines are executed within the procedures set by the Board and are conducted over many domestic and international banks, in accordance with their credibility and risk profiles. Continuously following the developments in the domestic and international money markets, the Incorporation constantly overviews the credit lines and working principles with all banks and makes necessary revisions. In view of the latest fluctuations in the money markets, especially the sharp increases in the foreign exchange rates, our Incorporation is taking the necessary liquidity oriented actions in order to meet short term FX and TRY liabilities.
The Board of Directors and the representatives acting on behalf of the Incorporation always act as ‘prudent businessmen’ . The events and the numbers stated in the news article do not reflect the truth and currently Turkish Airlines has a cash balance in the aforementioned bank.
Within the scope of Capital Markets Legislation, providing deceiving, false or misleading information, news and comments, or publishing these with an aim to influence the value or price of capital market instruments or investors' decision is considered as Market Manupulation. In this context, all corporations and institutions have to show sensitivity to publish correct news and avoid any information, news, comments or evaluations that has not been approved by the Incorporation. Those who act against will be under legal and criminal liability.
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10.01.2014 - Public Disclosures
Traffic results for the period of January-December 2013 are as follows:
During the period of January-December 2013 total passenger carried has increased by 23.6%, reaching to 48.3 million passengers from 39.0 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 26.1% and 21.9%, respectively.
International Business/Comfort Class passengers increased by 23.1 % for the same period, while international-to-international transfer passengers increased by 29.2%.
L/F increased by 1.4 point to 79.0%.
ASK with 21.1% increase reached to 116.4 bn during the period January-December 2013 from 96.1 bn for the same period of 2012. Increase in ASK in domestic and international lines is 28.5% and 20.1%, respectively.
RPK with 23.2% increase reached to 92.0 bn during the period of January-December 2013 from 74.7 bn for the same period of 2012. Increase in RPK in domestic and international lines is 29.3% and 22.3%, respectively.
Number of landing 302,416 for the period of January-December 2012 has increased to 369,572 in 2013. (22.2%)
During the period January-December 2013, number of destinations has increased by 12%, reaching to 243 from 217 for the same period in 2012.
Cargo/Mail carried during the period of January-December 2013 reached to 565.338 tons from 470.636 tons in 2012. (+20.1%)
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30.12.2013 - Public Disclosures
According to the non-consolidated 2014 budget that was approved by the Board of Directors, the guidance regarding the Incorporation’s targets and expectations for the year 2014 is as follows:
Fleet / Network Development
By the end of 2014 the fleet size is planned to reach to 267, including 204 narrow-body, 54 wide-body and 9 cargo aircraft. With 16 new route additions, destinations served will reach 259.
Traffic Development
Total number of passengers carried is targeted to reach to 59.5 million including 26.2 million on schedules domestic routes, 32.3 million on scheduled international routes, and the rest on charter and hajj flights.
While passenger load factor is expected to be 78.8%, total Available Seat Kilometers (ASK) will reach to 141 billion with an increase of 21% compared 2013. Capacity (ASK) increase is expected to be 33% in Turkey, 29% in South America region, 25% in Africa region, 22% in Far East region, 20% in North America region, 16% in Europe region and 13% in Middle East region.
In 2014, cargo/mail carried will increase by 23% reaching 653 thousand tones.
Financial Development
Compared to 2013, 2% decrease (in TL terms) in passenger yields on domestic routes, 1% increase (in EUR terms) in passenger yields on international routes and 2% increase (in USD terms) in ex-fuel unit costs is expected.
In 2014, the Incorporation’s total number of personnel is expected to increase 18% along with 23% increase in fuel consumption and 2% increase in utilization levels compared to 2013.
As a result of the planned commercial activities, the Incorporation is targeting to increase its sales revenue by 17% reaching 11.4 Billion USD.
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19.12.2013 - Public Disclosures
As a result of the negotiations made today with our Incorporation and Hava-Is Union, 24th Collective Bargaining Agreement has been signed for a 3 year period starting from 2013 and consequently, the ongoing strike has also come to and end.
According to the 24th Collective Bargaining Agreement, the wage increase ratios that have been disclosed previously on 22.05.2013, for the first two years, have been preserved. The wage increase for 2015 will be 3% for the first half and another 3% for the second half. In case of an inflation difference for the relevant periods, the difference will be paid.
Apart from the 24th Collective Bargaining Agreement, due to a signed protocol, a onetime gross payment of 5.500.-TL will be made to the unionized staff working at THY A.O as of 19.12.2013. Aforementioned payment will be calculated proportionate to the number of days worked between 01.01.2013 and 31.12.2013 and will be made on 08.01.2014
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13.12.2013 - Public Disclosures
Traffic results for the period of January-November 2013 are as follows:
During the period of January-November 2013 total passenger carried has increased by 24%, reaching to 44.4 million passengers from 35.9 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 25.9% and 22.2%, respectively.
International Business/Comfort Class passengers increased by 23.3 % for the same period, while international-to-international transfer passengers increased by 29.2%.
L/F increased by 1.5 point to 79.3%.
ASK with 21% increase reached to 106.4 bn during the period January-November 2013 from 87.9 bn for the same period of 2012. Increase in ASK in domestic and international lines is 28.1% and 20%, respectively.
RPK with 23.3% increase reached to 84.4 bn during the period of January-November 2013 from 68.4 bn for the same period of 2012. Increase in RPK in domestic and international lines is 29% and 22.4%, respectively.
Number of landing 277.099 for the period of January-November 2012 has increased to 338.762 in 2013. (+22.3%)
During the period January-November 2013, number of destinations has increased by 16.4%, reaching to 241 from 207 for the same period in 2012.
Cargo/Mail carried during the period of January-November 2013 reached to 511.678 tons from 426.563 tons in 2012. (+20%)
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12.11.2013 - Public Disclosures
Traffic results for the period of January-October 2013 are as follows:
During the period of January-October 2013 total passenger carried has increased by 24%, reaching to 40.6 million passengers from 32.8 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 25.3% and 23.1%, respectively.
International Business/Comfort Class passengers increased by 23.6 % for the same period, while international-to-international transfer passengers increased by 27.8%.
L/F increased by 1.6 point to 79.6%.
ASK with 21.2% increase reached to 96.7 bn during the period January-October 2013 from 79.8 bn for the same period of 2012. Increase in ASK in domestic and international lines is 27.1% and 20.4%, respectively.
RPK with 23.7% increase reached to 77 bn during the period of January-October 2013 from 62.2 bn for the same period of 2012. Increase in RPK in domestic and international lines is 28.4% and 23%, respectively.
Number of landing 251.918 for the period of January-October 2012 has increased to 308.296 in 2013. (22.4%)
During the period January-October 2013, number of destinations has increased by 16.6%, reaching to 239 from 205 for the same period in 2012.
Cargo/Mail carried during the period of January-October 2013 reached to 457.722 tons from 384.989 tons in 2012. (+18.9)
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11.10.2013 - Public Disclosures
Traffic results for the period of January-September 2013 are as follows:
During the period of January-September 2013 total passenger carried has increased by 24.1%, reaching to 36.2 million passengers from 29.2 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 24.5% and 23.8%, respectively.
International Business/Comfort Class passengers increased by 24.2 % for the same period, while international-to-international transfer passengers increased by 29.1%.
L/F increased by 1.8 point to 79.8%.
ASK with 21.1% increase reached to 86.1 bn during the period January-September 2013 from 71.1 bn for the same period of 2012. Increase in ASK in domestic and international lines is 25.9% and 20.5%, respectively.
RPK with 24% increase reached to 68.7 bn during the period of January-September 2013 from 55.4 bn for the same period of 2012. Increase in RPK in domestic and international lines is 27.3% and 23.5%, respectively.
Number of landing 224.350 for the period of January-September 2012 has increased to 274.537 in 2013. (22.4%)
During the period January-September 2013, number of destinations has increased by 18.3%, reaching to 239 from 202 for the same period in 2012.
Cargo/Mail carried during the period of January-September 2013 reached to 407.011 tons from 345.713 tons in 2012. (+17.7)
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19.09.2013 - Public Disclosures
Traffic results for the period of January-August 2013 are as follows:
During the period of January-August 2013 total passenger carried has increased by 25%, reaching to 31.7 million passengers from 25.4 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 24.2% and 25.1%, respectively.
International Business/Comfort Class passengers increased by 24.8 % for the same period, while transfer passengers increased by 30.2%..
L/F increased by 2.5 point to 79.8%.
ASK with 21% increase reached to 75.7 bn during the period January-August 2013 from 62.6 bn for the same period of 2012. Increase in ASK in domestic and international lines is 25% and 20.3%, respectively.
RPK with 25% increase reached to 60.4 bn during the period of January-August 2013 from 48.3 bn for the same period of 2012. Increase in RPK in domestic and international lines is 27% and 24.5%, respectively.
Number of landing 196,832 for the period of January-August 2012 has increased to 240,749 in 2013 (22%).
During the period January-August 2013, number of destinations has increased by 20%, reaching to 239 from 200 for the same period in 2012.
Cargo/Mail carried during the period of January-August 2013 reached to 357,333 tons from 305,983 tons in 2012 (+17).
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13.09.2013 - Public Disclosures
The Incorporation has decided to start operating scheduled flights, based on aircraft availability and upon obtaining the authorizations, to the cities Astrakhan, Stavropol of Russia, Catania of Italy, Oran, Constantine, Tlemcen, Batna of Algeria and Hakkari of Turkey.
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05.09.2013 - Public Disclosures
Turkish Competition Authority (Rekabet Kurumu) has placed Turkish Airlines Inc. under investigation to determine whether a violation of the 6th Article of “Law Related to the Protection of the Competition” (which number is 4054) on its passenger air transportation market on the domestic/international routes ex Istanbul.
At the end of the mentioned investigation, Turkish Competition Authority has concluded (with its decision dated 30.12.2011 and which number is 10-49/923-M) that Turkish Airlines have not effectuated any violation in the framework of the Law which number is 4054.
The complainant has filed an action to the 11th Administrative Court in Ankara against the mentioned decision of the Turkish Competition Authority and the Court has canceled the mentioned decision (with its decision dated 11.07.2013 and which number is 2012/1727 E.) on the ground that the dominant position of Turkish Airlines Inc. and the fact that Istanbul Atatürk and Sabiha Gökçen Airports can be used as substitutes must be investigated and the price policies of the complainant must be analysed.
Turkish Competition Authority has renewed the investigation to act in accordance with the decision of the Administrative Court.
Furthermore, the cassation of the decision of the Administrative Court by the Turkish Competition Authority is possible.
The Public opinion will be informed on the succeeding developments.
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14.08.2013 - Public Disclosures
Traffic results for the period of January-July 2013 are as follows:
During the period of January-July 2013 total passenger carried has increased by 24%, reaching to 26.9 million passengers from 21.6 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 22% and 26%, respectively.
International Business/Comfort Class passengers increased by 16% for the same period.
L/F increased by 2.4 point to 78,7%.
ASK with 21% increase reached to 64.7 bn during the period January-July 2013 from 53.6 bn for the same period of 2012. Increase in ASK in domestic and international lines is 22% and 21%, respectively.
RPK with 25% increase reached to 50.9 bn during the period of January-July 2013 from 40.9 bn for the same period of 2012. Increase in RPK in domestic and international lines is 24% and 25%, respectively.
Number of landing 168.205 for the period of January-July 2012 has increased to 205.203 in 2013 (22%).
During the period January-July 2013, number of destinations has increased by 19%, reaching to 237 from 199 for the same period in 2012.
Cargo/Mail carried during the period of January-July 2013 reached to 312.086 tons from 268.990 tons in 2012 (+16).
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22.07.2013 - Public Disclosures
Due to the insufficiency of the existing cargo facilities, the incorporation has decided to built a New Cargo Terminal and 40.000 m² cargo operation fields on the 43.000 m² land that has been dedicated to Turkish Airlines by the State Airports Authority (DHMI) at the Ataturk Airport.
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15.07.2013 - Public Disclosures
Traffic results for the period of January-June 2013 are as follows:
During the period of January-June 2013 total passenger carried has increased by 26%, reaching to 22.4 million passengers from 17.8 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 23% and 28%, respectively.
International Business/Comfort Class passengers increased by 19% for the same period.
L/F increased by 3.4 point to 78,9%.
ASK with 21% increase reached to 54.1 bn during the period January-June 2013 from 44.6 bn for the same period of 2012. Increase in ASK in domestic and international lines is 22% and 21%, respectively.
RPK with 27% increase reached to 42.7 bn during the period of January-June 2013 from 33.7 bn for the same period of 2012. Increase in RPK in domestic and international lines is 25% and 27%, respectively.
Number of landing 139.387 for the period of January-June 2012 has increased to 171.022 in 2013 (23%).
During the period January-June 2013, number of destinations has increased by 23%, reaching to 234 from 191 for the same period in 2012.
Cargo/Mail carried during the period of January-June 2013 reached to 263.233 tons from 229.327 tons in 2012 (+15).
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25.06.2013 - Public Disclosures
As part of a strategy to support environmentally responsible sustainability projects, to diversify jet fuel supply for the future years while exploiting renewable energy sources and reducing its carbon emisions, Turkish Airlines has signed a non-binding Letter of Intent with Solena Fuels Corporation located in Washington DC, USA with a view to explore potential partnership opportunities on installing a waste-to-biofuel production facility in Turkey.
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18.06.2013 - Public Disclosures
During the period of January-May 2013 total passenger carried has increased by 26%, reaching to 18 million passengers from 14.3 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 21% and 30%, respectively.
International Business/Comfort Class passengers increased by 21% for the same period.
L/F increased by 4.1 point to 78,5%.
ASK with 22% increase reached to 44.1 bn during the period January-May 2013 from 36.3 bn for the same period of 2012. Increase in ASK in domestic and international lines is 19% and 22%, respectively.
RPK with 28% increase reached to 34.6 bn during the period of January-May 2013 from 27 bn for the same period of 2012. Increase in RPK in domestic and international lines is 22% and 28%, respectively.
Number of landing 112.861 for the period of January-May 2012 has increased to 138.532 in 2013 (23%).
During the period January-May 2013, number of destinations has increased by 21%, reaching to 228 from 189 for the same period in 2012.
Cargo/Mail carried during the period of January-May 2013 reached to 215.577 tons from 188.798 tons in 2012 (+14).
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22.05.2013 - Public Disclosures
Ref: Announcement dated 04.04.2013
Previously we have announced that the Incorporation has decided to acquire MNG Teknik Uçak Bakım Hizmetleri A.Ş. The acquisition has been approved by the Turkish Competition Authority and a Share Transfer Agreement has been signed by the parties involved as of today.
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22.05.2013 - Public Disclosures
Ref: Announcement dated 03.04.2013
Previously we have announced that, as part of its international expansion strategy to improve its technical capabilities; Turkish Airlines Technic, Inc., a wholly owned subsidiary of Turkish Airlines, Inc., has signed a non-binding Letter of Intent with GORE Designs Completions Ltd. and its shareholders located in San Antonio, TX, USA with a view to explore potential acquisition or partnership opportunities and that a due diligence study would be started accordingly. As a result of the the due diligence study and the negotiations made with GORE Designs Completions Ltd. and its shareholders, our Incorporation has decided not to acquire the related firm in accordance with the commercial interests of the corporation.
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22.05.2013 - Public Disclosures
Ref: Announcement dated 17.05.2013
We have previously announced that our Incorporation has invited the Hava-İs Union to sign the 24th Collective Bargaining Agreement by May 22, 2013 and in the event that the 24th Collective Bargaining Agreement was not signed by that date, our Incorporation would grant a pay increase to all employees. Since it is understood that the intention of the Union is not to sign the 24th Collective Bargaining Agreement by reconciling, our Incorporation has decided on the following:
All working conditions, social and employee rights of all of our staff and all the rules and limits relating to the flight planning of cockpit and cabin crew based on the 23rd Collective Bargaining Agreement will remain the same.
Wage increase of 5% for the first half of 2013, %3 for the second half of 2013 (year end cumulative: 8.1%)
Wage increase of 3% for the first half of 2014, %3 for the second half of 2014 (year end cumulative: 6.1%)
In case the CPI exceeds these ratios, the difference with the CPI will be reflected to the wages.
With this decision taken, Collective Bargaining Agreement and all the happenings in this context are no longer on Turkish Airlines’ agenda.
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17.05.2013 - Public Disclosures
Because Turkish Airlines employees chose not to participate in the strike that was initiated by Hava-Is Union Labor on May 15th, our operations have continued without interruption. In order to come to an agreement, our Incorporation has invited the Hava-Is Union Labor to sign the 24th Collective Bargaining Agreement by May 22, 2013. In the event that the 24th Collective Bargaining Agreement is not signed by that date, our Incorporation has decided to grant a pay increase to all employees, whether they are members of the Union or not. This will be done without any changes to the working conditions or social and employee rights of all of our staff based on the 23rd Collective Bargaining Agreement. In addition, all the rules and limits relating to the flight plannings of our cockpit and cabin crew will remain the same based on the 23rd Collective Bargaining Agreement.
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13.05.2013 - Public Disclosures
Traffic results for the period of January-April 2013 are as follows:
During the period of January-April 2013 total passenger carried has increased by 26%, reaching to 13.9 million passengers from 11.1 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 18% and 31%, respectively.
International Business/Comfort Class passengers increased by 21% for the same period.
L/F increased by 4.3 point to 78,3%.
ASK with 21% increase reached to 34.3 bn during the period January-April 2013 from 28.3 bn for the same period of 2012. Increase in ASK in domestic and international lines is 17% and 22%, respectively.
RPK with 28% increase reached to 26.8 bn during the period of January-April 2013 from 20.9 bn for the same period of 2012. Increase in RPK in domestic and international lines is 20% and 30%, respectively.
Number of landing 87.755 for the period of January-April 2012 has increased to 107.154 in 2013 (22%).
During the period January-April 2013, number of destinations has increased by 16%, reaching to 222 from 192 for the same period in 2012.
Cargo/Mail carried during the period of January-April 2013 reached to 169.553 tons from 147.777 tons in 2012 (+15).
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13.05.2013 - Public Disclosures
Due to the current status of the process between Turkish Airlines and Hava-İş Labor Union’s “Collective Bargaining Agreement,” Turkish Airlines’ CEO Temel Kotil, has postponed the vacation he had requested to tend to his father’s illness until next week. Some media outlets reported that this situation resulted from a management dispute. This is entirely false; there are no disagreements within Turkish Airlines management.
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03.05.2013 - Public Disclosures
Ref: Announcement dated 10.04.2013
We have previously announced that as a result of the negotiations relating to the 24th contract period, Hava-Is union gave strike notification to our Incorporation. Today, Hava –İş Union notified their decision to our Incorporation that the strike will begin on 15.05.2013. Despite the strike decision, our Incorporation has not taken lockout decision and will continue its’ operations within this framework. It is possible that the parties shall agree on the Collective Bargain Agreement until the strike date. The public will be informed about the developments in the process going forward.
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16.04.2013 - Public Disclosures
Traffic results for the period of January-March 2013 are as follows:
During the period of January-March 2013 total passenger carried has increased by 26%, reaching to 10 million passengers from 8 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 16% and 33%, respectively.
International Business/Comfort Class and Transfer passengers increased by 21% and 38%, respectively for the same period.
L/F increased by 5,1 point to 77,9%.
ASK with 21% increase reached to 25 bn during the period January-March 2013 from 20.6 bn for the same period of 2012. Increase in ASK in domestic and international lines is 14% and 22%, respectively.
RPK with 30% increase reached to 19.5 bn during the period of January-March 2013 from 15 bn for the same period of 2012. Increase in RPK in domestic and international lines is 17% and 32%, respectively.
Number of landing 64.360 for the period of January-March 2012 has increased to 77.901 in 2013 (21%).
During the period January-March 2013, number of destinations has increased by 15%, reaching to 219 from 191 for the same period in 2012.
Cargo/Mail carried during the period of January-March 2013 reached to 122.932 tons from 108.252 tons in 2012 (+14).
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10.04.2013 - Public Disclosures
Ref: Announcement dated 26.02.2013
The negotiations relating to the 24th contract period which has started on 16.01.2013, have, as yet, been unsuccessful in reaching a new agreement and thus, in accordance with the law #6356, Hava-Is union gave strike notification to our Incorporation on 10.04.2013. However, this notification does not mean the beginning of an actual strike and Board of Directors has passed on their offer to the Hava İş Union that the negotiations shall continue. As per the aforementioned law, Hava-Is union could go on strike by notifying the Incorporation 6 business days prior to the actual strike date.
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09.04.2013 - Public Disclosures
In order to insure the need for narrow body aircraft, the Incorporation has decided to purchase a total of 95 aircraft from Boeing Company, of which 20 to be delivered in 2016, 20 in 2018, 15 in 2019, 30 in 2020 and 10 in the year 2021. The total order comprises 70 firm and 25 optional aircraft, out of which, 20 B737-800, 65 B737-8 MAX and 10 B737-9 MAX.
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04.04.2013 - Public Disclosures
Ref: Announcement dated 15.02.2013
Previously, we have announced that, in order to insure the increasing need for MRO services which will rise from the fleet plan for the upcoming years, the Incorporation has decided to start negotiations for buying or partnering with MNG Teknik Uçak Bakım Hizmetleri A.Ş and a goodwill agreement has been signed between parties. As a result of the negotiations, the Incorporation has decided to acquire MNG Teknik Uçak Bakım Hizmetleri A.Ş. Share Transfer Agreement will be signed by the parties involved, upon the approval of the Turkish Competition Authority. Updated information will be announced subsequently.
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03.04.2013 - Public Disclosures
As part of its international expansion strategy to improve its technical capabilities; Turkish Airlines Technic, Inc. , a wholly owned subsidiary of Turkish Airlines, Inc, has signed a non-binding Letter of Intent with GORE Designs Completions Ltd. and its shareholders located in San Antonio, TX, USA with a view to explore potential acquisition or partnership opportunities. To this end a due diligence study will be started accordingly and the Public will be informed about the developments in the process going forward.
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01.04.2013 - Public Disclosures
The Incorporation has decided to appoint Board Members Mehmet Muzaffer AKPINAR to Chairman of the Auditing Committee and Mecit EŞ to Member of Auditing Committee and Mehmet Nuri YAZICI to the Chairman of the Corporate Governance Committee and İsmail GERÇEK, Mehmet BÜYÜKEKŞİ to Member of the Corporate Governance Committee.
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15.03.2013 - Public Disclosures
Traffic results for the period of January-February 2013 are as follows:
During the period of January-February 2013 total passenger carried has increased by 26%, reaching to 6.4 million passengers from 5.1 million passengers for the same period of 2012. Increase in number of passengers carried in domestic and international lines is 15% and 35%, respectively.
International Business/Comfort Class and Transfer passengers increased by 20% and 38%, respectively for the same period.
L/F increased by 4,7 point to 76,5%.
ASK with 23% increase reached to 16.2 bn during the period January-February 2013 from 13.2 bn for the same period of 2012. Increase in ASK in domestic and international lines is 14% and 24%, respectively.
RPK with 31% increase reached to 12.4 bn during the period of January-February 2013 from 9.5 bn for the same period of 2012. Increase in RPK in domestic and international lines is 16% and 33%, respectively.
Number of landing 41.488 for the period of January-February 2012 has increased to 50.533 in 2013 (22%).
During the period January-February 2013, number of destinations has increased by 16%, reaching to 219 from 189 for the same period in 2012.
Cargo/Mail carried during the period of January-February 2013 reached to 74.935 tons from 62.035 tons in 2012 (+21).
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15.03.2013 - Public Disclosures
In order to insure the need for narrow body aircraft, the Incorporation has decided to purchase a total of 117 aircraft from Airbus Company, of which 13 to be delivered in 2015, 14 in 2016, 6 in 2017, 27 in 2018, 25 in 2019 and 32 in the year 2020. The total order comprises 82 firm and 35 optional aircraft, out of which, 25 A321-200, 4 A320 NEO and 88 A321 NEO.
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15.02.2013 - Public Disclosures
In order to insure the increasing need for MRO services which will rise from the fleet plan for the upcoming years, the Incorporation has decided to start negotiations for buying or partnering with MNG Teknik Uçak Bakım Hizmetleri A.Ş and a goodwill agreement has been signed between parties
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15.02.2013 - Public Disclosures
The incorporation has decided to sign an agreement with Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş (KPMG) as the independent auditor for the years 2013, 2014, 2015 and 2016 in compliance with the regulations of the Capital Markets Board which will be subject to the approval of the General Assembly every year.
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23.01.2013 - Public Disclosures
Turkish Airlines and Türkiye Sivil Havacılık Sendikası (Hava İş Union) have disagreed on today’s (23.01.2013) meeting regarding the 24th contract period, which has started on 16.01.2013 and signed ‘Disaccord Protocol’. Henceforth, the process will continue with a government mediator.
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16.01.2013 - Public Disclosures
Traffic results for the period of January-December 2012 are as follows:
reaching to 39 million passengers from 32.7 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 33,8% and 43,6%, respectively for the same period.
L/F increased by 5,1 point to 77,7%.
ASK with 18,4% increase reached to 96.1 bn during the period of January-December 2012 from 81.2 bn for the same period of 2011.
RPK with 26,6% increase reached to 74.6 bn during the period of January-December 2012 from 58.9 bn for the same period of 2011.
Number of landing 265.628 for the period of January-December 2011 has increased to 302.308 in 2012 (13,8%).
Cargo/Mail carried during the period of January-December 2012 reached to 462.485 tons from 371.033 tons in 2011 (+24,6%).
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2012
28.12.2012
The appointment of Mr. İbrahim Halil Kırşan has been approved, who was elected by the other members of the Board of the Directors Auditor for the open position due to Mr.Naci Ağbal’s resignation .
28.12.2012
The Incorporation will continue to grow in 2013 and in this context set its 2013 targets. The Incorporation is targeting to generate USD 9.7 billion revenue by carrying total of 46 million passengers, of which 17,7 million domestic and 27.3 million international, with 115.2 billion ASK; 90.8 billion RPK and 78.8% LF. Fuel cost is expected to be USD 3.7 billion by consuming 3,992 million liters jet fuel.
28.12.2012
The Incorporation has decided to start operating scheduled flights, based on aircraft availability and upon obtaining the authorizations, to Bogota the capital of Colombia, to Aqaba in Jordan and to Bamako the capital of Mali.
14.12.2012
Traffic results for the period of January-November 2012 are as follows:
During the period of January-November 2012 total passenger carried has increased by 19,5%, reaching to 35.9 million passengers from 30.1 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 36,4% and 43,3%, respectively for the same period.
L/F increased by 5,2 point to 77,9%.
ASK with 18,2% increase reached to 87.9 bn during the period of January-November 2012 from 74.4 bn for the same period of 2011.
RPK with 26,6% increase reached to 68.4 bn during the period of January-November 2012 from 54.1 bn for the same period of 2011.
Number of landing 243.940 for the period of January-November 2011 has increased to 277.066 in 2012 (13,6%).
Cargo/Mail carried during the period of January-November 2012 reached to 418.419 tons from 335.938 tons in 2011 (+24,6%).
07.12.2012
The Incorporation has decided to start operating scheduled flights; to Kuala Lumpur the capital of Malaysia, to Ndjamena the capital of Chad, to Kathmandu the capital of Nepal, to Mezar-ı Sherif in Afghanistan, to Juba in South Sudan, to Lenkeran in Azerbaijan and to Friedrichshafen in Germany, subject to aircraft availability and obtaining the authorizations.
23.11.2012
The Incorporation has decided to start operating scheduled flights, based on aircraft availability and upon obtaining the authorizations, to Salzburg in Austria, Luxor and Aswan in Egypt and to Colombo the capital of Sri Lanka.
14.11.2012
Traffic results for the period of January-October 2012 are as follows:
During the period of January-October 2012 total passenger carried has increased by 19,7%, reaching to 32.8 million passengers from 27.4 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 39,5% and 44,1%, respectively for the same period.
L/F increased by 5,2 point to 78,1%.
ASK with 18,3% increase reached to 79.8 bn during the period of January-October 2012 from 67.4 bn for the same period of 2011.
RPK with 26,7% increase reached to 62.3 bn during the period of January-October 2012 from 49.1 bn for the same period of 2011.
Number of landing 221.958 for the period of January-October 2011 has increased to 251.924 in 2012 (13,5%).
Cargo/Mail carried during the period of January-October 2012 reached to 378.852 tons from 305.856 tons in 2011 (+23,9%).
09.11.2012
The Incorporation has decided to start operating scheduled flights, based on aircraft availability and upon obtaining the authorizations, to Caracas the capital of Venezuela; Mexico City the capital of Mexico; Havana the capital of Cuba; Boston and San Francisco, USA and Montreal, Canada.
06.11.2012
Turkish Airlines and Lufthansa, as known to air transportation sector for sometime, are in cooperation since October 1989 through their subsidiary, Güneş Express Havacılık A.Ş and within the Star Alliance organization since April 2008 when we became a member of the alliance under different agreements. Within the framework of the existing collaboration, we continuously discuss how we can provide better service to our passengers.
However, in addition to the collaboration defined above, we neither have a decision made, nor met with Lufthansa in order to put into action any other different reconstruction project, which is at the moment might only be at a tentative phase on our side.
22.10.2012
In order to insure the need for wide body aircraft in the upcoming years, The Incorporation has decided to purchase a total of 15 firm and 5 optional B777-300ER aircraft, from Boeing Company, out of which 3 aircraft to be delivered in the year 2014, 7 in 2015, 5 in 2016 and 5 in 2017.
12.10.2012
Traffic results for the period of January-September 2012 are as follows:
During the period of January-September 2012 total passenger carried has increased by 19,7%, reaching to 29.1 million passengers from 24.3 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 42,8% and 45,6%, respectively for the same period.
L/F increased by 5,3 point to 77,9%.
ASK with 18,5% increase reached to 71.1 bn during the period of January-September 2012 from 60 bn for the same period of 2011.
RPK with 27,1% increase reached to 55.3 bn during the period of January-September 2012 from 43.5 bn for the same period of 2011.
Number of landing 198.419 for the period of January-September 2011 has increased to 224.392 in 2012 (13,1%).
Cargo/Mail carried during the period of January-September 2012 reached to 340.856 tons from 269.078 tons in 2011 (+26,7%).
10.10.2012
The result of the Extraordinary General Assembly Meeting is as follows;
Pursuant to the Communique Serial: IV, No:56 of the Capital Markets Board on the Definition and the Enforcement of the Corporate Governance Principles, the amendments to Article 6., 10., 11., 14., 15., 17.,29 of the Company’s Articles of Association, removal of the current provisional Article 1., 2., 3. from the Company’s Articles of Association and the addition of Article 41 and provisional Article 1 to the Company’s Articles of Association, which has also been approved by Capital Markets Board and Turkey’s Ministry of Customs and Trade, has been discussed and approved.
Due to the amendment to Article 10 of the Company’s Articles of Association, the total number of the Board of Directors increased from seven to nine.Thus, the nominees Mr Naci Ağbal and Mr. Mehmet Nuri Yazıcı have been approved as the new member of the Board of Directors.
The appointment of Mr. Mecit Eş has been approved, who was elected by the other members of the Board of the Directors Auditor for the open position due to Mr.Orhan Birdal’s resignation on 07.06.2012
10.10.2012
The Board of Director Auditor, Mr. Naci Ağbal has resigned from his position as of October 9th, 2012.
08.10.2012
The Incorporation has decided to purchase a total of 15 A330-300 aircraft, from Airbus Company, out of which 4 aircraft to be delivered in the year 2014, 6 in 2015 and 5 in 2016.
05.10.2012
Ref: Announcement dated 18.06.2012
We have previously announced that the Incorporation has established a Company called "THY Aydın Çıldır Havalimanı İşletme A.Ş.", in order to operate Aydın Çıldır Airport, excluding traffic services, for a period of 20 years, to provide aviation training, to operate flights for sportive and training purposes, to provide passenger transportation with aircraft that is adequate for the runway length.
Due to the fact that the forementioned investment is decided to be financed through a capital increase, The Incorporation has decided to participate in such a capital increase up to 50.000.000 TRY.
04.10.2012
The Incorporation has decided to start operating scheduled flights, based on aircraft availability and upon obtaining the authorizations, to Malta; Krakov in Poland and El-Kasım and Abha in Saudi Arabia.
17.09.2012
The Incorporation has decided to start operating scheduled flights in the year 2012, based on aircraft availability and upon obtaining the authorizations, to Asmara, the capital of Eritrea in East Africa , Libreville, the capital of Gabon in Middle Africa, Santiago de Compostela in Spain and to Zafer Airport, which is being constructed in Kütahya.
13.09.2012
Traffic results for the period of January-August 2012 are as follows:
During the period of January-August 2012 total passenger carried has increased by 19,7%, reaching to 25.4 million passengers from 21.2 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 45% and 46,5%, respectively for the same period.
L/F increased by 5,2 point to 77%.
ASK with 18,7% increase reached to 62.6 bn during the period of January-August 2012 from 52.7 bn for the same period of 2011.
RPK with 27,4% increase reached to 48.2 bn during the period of January-August 2012 from 37.8 bn for the same period of 2011.
Number of landing 174.735 for the period of January-August 2011 has increased to 196.869 in 2012 (12,7%).
Cargo/Mail carried during the period of January-August 2012 reached to 301.031 tons from 238.382 tons in 2011 (+26,3%).
16.08.2012
Ref: Announcement dated 07.06.2012
The disagreement between the Incorporation and Hava-İş Union on 42 items regarding the 23rd contract period has been resolved at the Supreme Arbitration Board’s meeting dated 02.08.2012.
The Supreme Arbitration Board has agreed on a wage increase of 5% for the first half of 2011, %5 for the second half of 2011, 4% for the first half of 2012 and 3% for the second half of 2012.
13.08.2012
Traffic results for the period of January-July 2012 are as follows:
During the period of January-July 2012 total passenger carried has increased by 19%, reaching to 21.6 million passengers from 18.1 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 44,3% and 47,1%, respectively for the same period.
L/F increased by 5,3 point to 76,4%.
ASK with 18,5% increase reached to 53.6 bn during the period of January-July 2012 from 45.2 bn for the same period of 2011.
RPK with 27,3% increase reached to 40.9 bn during the period of January-July 2012 from 32.2 bn for the same period of 2011.
Number of landing 150.153 for the period of January-July 2011 has increased to 168.229 in 2012 (12%).
Cargo/Mail carried during the period of January-July 2012 reached to 264.032 tons from 209.702 tons in 2011 (+25,9%).
23.07.2012
The Incorporation has decided to start operating scheduled flights to Esfahãn and Kermanshah (Iran), Kilimanjaro (Tanzania), Mombasa (Kenya), Luxembourg, Aden (Yemen) and Luanda (Angola), based on aircraft availability and upon obtaining the authorizations.
12.07.2012
Traffic results for the period of January-June 2012 are as follows:
During the period of January-June 2012 total passenger carried has increased by 20%, reaching to 17.7 million passengers from 14.8 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 44,8% and 47,4%, respectively for the same period.
L/F increased by 5,7 point to 75,2%.
ASK with 18,8% increase reached to 44.6 bn during the period of January-June 2012 from 37.5 bn for the same period of 2011.
RPK with 28,6% increase reached to 33.5 bn during the period of January-June 2012 from 26.1 bn for the same period of 2011.
Number of landing 124.843 for the period of January-June 2011 has increased to 139.424 in 2012 (11,7%).
Cargo/Mail carried during the period of January-June 2012 reached to 224.358 tons from 179.094 tons in 2011 (+25,3%).
11.07.2012
Ref: Annoucement dated 14.06.2012
The Share Transfer Agreement mentioned on the referred announcement has been signed by the parties involved. Updated information will be announced subsequently.
18.06.2012
The Incorporation won the tender of State Airports Authority for the operating rights of Aydın Çıldır Airport, excluding traffic services, for a period of 20 years. Thus, The Incorporation has decided to establish a Company called "THY Aydın Çıldır Havalimanı İşletme A.Ş.", in order to operate Aydın Çıldır Airport, to provide aviation training, to operate flights for sportive and training purposes, to provide passenger transportation with aircraft that is adequate for the runway length and to operate according to the fields of activity that is specified in the Articles of Association, with the capital of 50.000 TL (fifty thousand) of which 49.996 TL owned by Turkish Airlines Inc. , 1 TL owned by Mr.Kazım Çalışkan, 1 TL owned by Mr. Ahmet Asaf Bora, 1 TL owned by Mr. Temel Kotil and 1 TL owned by Mr. Hamdi Topçu.
18.06.2012
The Incorporation has decided to start operating scheduled flights to Sharm El Sheikh, Niamey, Ougadougou, Hurgada , Douala, Yaounde and Sebha in the year 2012, based on aircraft availability and upon obtaining the authorizations.
14.06.2012
The Board of Directors has decided to end its partnership with B&H Airlines. Thus, a Share Transfer Agreement will be signed with the Government of Federation of Bosnia and Herzegovina regarding the 49% share of the Incorporation. Once the Share Transfer Agreement is signed, it will be announced to public.
07.06.2012
The Board of Director Auditor, Mr.Orhan Birdal has resigned from his position. The position will be filled according to the procedures indicated in the Articles of Association’s applicable article.
14.06.2012
During the period of January-May 2012 total passenger carried has increased by 18,9%, reaching to 14.3 million passengers from 12 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 37,2% and 44,2%, respectively for the same period.
L/F increased by 5,7 point to 73,9%.
ASK with 18,1% increase reached to 28.3 bn during the period of January-May 2012 from 23.9 bn for the same period of 2011.
RPK with 27,9% increase reached to 20.9 bn during the period of January-May 2012 from 16.3 bn for the same period of 2011.
Number of landing 80.090 for the period of January-May 2011 has increased to 87.766 in 2012 (9,6%).
Cargo/Mail carried during the period of January-May 2012 reached to 146.333 tons from 119.789 tons in 2011 (+22,2%).
07.06.2012
During the meeting took place on June 5, 2012 between Turkish Airlines and Türkiye Sivil Havacılık Sendikası (Hava İş Union), Hava İş union has requested that 305 employees’ employment to be reinstated. The Board of Directors have evaluated the request and decided not to reinstate the employment of those contract were cancelled. Hava-İş Union officers were informed of the decision and Turkish Airlines’ willingness to continue the negotiation of the contract for the 23rd period.
07.06.2012
The Board of Director Auditor, Mr.Orhan Birdal has resigned from his position. The position will be filled according to the procedures indicated in the Articles of Association’s applicable article.
01.06.2012
Ref: Announcmenet dated January 21, 2012
We have announced previously that The Board of Directors has decided to understand the privatization process and investment potential about Poland’s national airline, LOT.
Accordingly, comprehensive financial, commercial, technical and legal evaluation was carried out. When we have evaluated in details by taking into consideration of Europe's one of the established companies LOT’s potential in commercial and strategic place in European Union along with Poland’s legislation on foreign ownership and management control in aviation, buying LOT will have limited potential to create value to our long-term growth as well as shareholders value. In this context, the Board of Directors have decided to terminate the evaluation process and not to participate in further phase of LOT’s privatization.
Turkish Airlines mid-long term growth strategy in the framework of the investment opportunities that may occur will continue to closely follow the global perspective.
01.06.2012
The Board of Directors have decided to operate on Istanbul-Male-Istanbul route in 2012, subject to aircraft availability.
31.05.2012
Hava-Is (Union) has call to participate in illegal action to its members on May 28th around 22:00 hours. Employment of 260 people from Turkish Airlines and 45 from Turkish Technic, who have participated in the illegal action is cancelled according to the Law No 2822. As a result of the illegal action, 223 flights are cancelled due to flight attendents shortage, which cost the Incorporation around 2 Million USD as of today.
Hava-Is and participants of such action will be sued for compensation, furthermore related authorities are informed for the illegal action call as well as action by the Incorporation.
21.05.2012
The Incorporation has decided to appoint Board Members İsmail GERÇEK and Mehmet Muzaffer AKPINAR to Member of Auditing Committee and İsmail GERÇEK, Gülsüm AZERİ and Mehmet BÜYÜKEKŞİ to Member of the Corporate Governance Committee.
18.05.2012
The Incorporation has decided to open Istanbul-Marseille-Istanbul route in the year 2012, based on aircraft availability and upon obtaining the authorizations. Furthermore, Istanbul-Riga-Istanbul route will be operating as İstanbul-Vilnius-Riga-İstanbul and İstanbul-Riga-Tallinn-İstanbul; Istanbul- Dakar-Istanbul route will be operating as Istanbul- Nouakchott-Dakar-İstanbul.
10.05.2012
Traffic results for the period of January-April 2012 are as follows:
During the period of January-April 2012 total passenger carried has increased by 18,7%, reaching to 11.1 million passengers from 9.3 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 51,5% and 41,4%, respectively for the same period.
L/F increased by 5,7 point to 73,9%.
ASK with 18,1% increase reached to 28.3 bn during the period of January-April 2012 from 23.9 bn for the same period of 2011.
RPK with 27,9% increase reached to 20.9 bn during the period of January-April 2012 from 16.3 bn for the same period of 2011.
Number of landing 80.090 for the period of January-April 2011 has increased to 87.766 in 2012 (9,6%).
Cargo/Mail carried during the period of January-April 2012 reached to 146.333 tons from 119.789 tons in 2011 (+22,2%).
04.05.2012
Ref: Announcement dated 19.03.2012
The meeting accompanied with the Official Mediator for the 23rd contract period came to a halt due to the disagreed items. The Official Mediator report will be notified to both parties within the legal time frame.
30.04.2012
The Incorporation has decided to open Istanbul-Houston-Istanbul and Istanbul-Constanta-Istanbul routes in the year 2012, based on aircraft availability and upon obtaining the authorizations. Furthermore, İstanbul-Khartoum-Mogadishu-Khartoum-İstanbul and Istanbul- Nakhichevan-Istanbul routes will be operating as Istanbul- Djibouti-Mogadishu- Djibouti-Istanbul and Istanbul-Ganja- Nakhichevan-Istanbul, respectively.
12.04.2012
Traffic results for the period of January-March 2012 are as follows:
During the period of January-March 2012 total passenger carried has increased by 18,9%, reaching to 8 million passengers from 6.7 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 43,5% and 42,1%, respectively for the same period.
L/F increased by 5,5 point to 72,7%.
ASK with 19,2% increase reached to 20.6 bn during the period of January-March 2012 from 17.3 bn for the same period of 2011.
RPK with 28,9% increase reached to 15 bn during the period of January-March 2012 from 11.6 bn for the same period of 2011.
Number of landing 58.674 for the period of January-March 2011 has increased to 64.363 in 2012 (9,7%).
Cargo/Mail carried during the period of January-March 2012 reached to 109.105 tons from 86.852 tons in 2011 (+25,6%).
19.03.2012
Ref: Announcement dated 02.02.2012
Turkish Airlines and Türkiye Sivil Havacılık Sendikası (Hava İş Union) have disagreed on 42 items on today’s (19.03.2012) meeting regarding the 23rd contract period, which has started on 02.02.2012 and signed ‘Disaccord Protocol’. Henceforth, the process will continue with a government mediator.
15.03.2012
Traffic results for the period of January-February 2012 are as follows:
During the period of January-February 2012 total passenger carried has increased by 19,2%, reaching to 5.1 million passengers from 4.2 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 42,5% and 37,4%, respectively for the same period.
L/F increased by 4,8 point to 71,6%.
ASK with 21,8% increase reached to 13.2 bn during the period January-February 2012 from 10.9 bn for the same period of 2011.
RPK with 30,6% increase reached to 9.5 bn during the period of January-February 2012 from 7.2 bn for the same period of 2011.
Number of landing 37.805 for the period of January-February 2011 has increased to 41.498 in 2012 (9,8%).
Cargo/Mail carried during the period of January-February 2012 reached to 65.122 tons from 52.853 tons in 2011 (+23,2%).
02.03.2012
The Incorporation has decided to start operating Istanbul-Yanbu-İstanbul route, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
02.03.2012
The Incorporation has decided to start operating Istanbul-Taif-İstanbul route, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
02.03.2012
The Incorporation has decided to start operating Istanbul-Osh-İstanbul route in the year 2012, based on aircraft availability, market developments and upon obtaining the Civil Aviation authorizations.
13.02.2012
Traffic results for the period of January 2012 are as follows:
During the period of January 2012 total passenger carried has increased by 21,9%, reaching to 2.6 million passengers from 2.1 million passengers for the same period of 2011. International Business/Comfort Class and Transfer passengers increased by 46,7% and 31,1%, respectively for the same period.
L/F increased by 4,9 point to 72,1%.
ASK with 22% increase reached to 6.8 bn during the period January 2012 from 5.5 bn for the same period of 2011.
RPK with 31% increase reached to 4.9 bn during the period of January 2012 from 3.7 bn for the same period of 2011
Number of landing 19.370 for the period of January 2011 has increased to 21.305 in 2012 (10%).
Cargo/Mail carried during the period of January 2012 reached to 31.551 tons from 25.927 tons in 2011 (+21,7%).
10.02.2012
The Incorporation has decided to open Kigali route, hence current Istanbul-Entebbe-Istanbul route will be operating as Istanbul-Entebbe-Kigali-Istanbul, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
10.02.2012
The Incorporation has decided to start operating Istanbul- Kharkiv-İstanbul route in the year 2012, based on aircraft availability.
02.02.2012
Ref: Announcement dated 25.01.2012
The first meeting regarding the 23rd contract period took place today between Turkish Airlines Inc. and Türkiye Sivil Havacılık Sendikası (Hava-İş Union).
25.01.2012
Turkish Airlines Inc. and Türkiye Sivil Havacılık Sendikası (Hava-İş Union) will start discussions regarding the 23rd contract period on February 2nd, 2012 at 14:00pm at the General Management Building of Turkish Airlines Inc.
23.01.2012
Ref: 02.01.2012
The tender for the THY Frequent Flyer Program (FFP) Miles & Smiles Co-Branded Credit Card Collaboration agreement expiring on 31.03.2012 has been concluded and T. Garanti Bankasi A.Ş. has been awarded to issue FFP Co-branded credit card for the FFP members of THY for the next 5 years.
21.01.2012
As it is known, The Incorporation pursues investment opportunities globally, in parallel to its’ mid-long term growth strategy. Within this context, The Board of Directors, with the decision dated 20.01.2012, authorized the Executive Committee to start a preliminary examination in order to understand the privatization process and investment potential about Poland’s national airline, LOT.
21.01.2012
The Board of Directors decided to appoint Acting Chief Commercial Officer, Mr. Abdullah Soner Akkurt, as Chief Commercial Officer.
21.01.2012
The Board of Directors decided to establish position of Chief of Investment and Technology. Mr. Ahmet Bolat, Senior Vice President of Investment Management, has been appointed as Chief Investment and Technology Officer.
20.01.2012
There are some news in the media that The Incorporation has been meeting for establishing a joint venture company with Czech Airlines. We would like to announce that, at the present time, there is no Board of Directors’ decision taken regarding a strategic partnership with Czech Airlines, however, our Incorporation is open to consider any possible opportunities as part of our growth strategy.
11.01.2012
Traffic results for the period of January-December 2011 are as follows:
million passengers from 29.1 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 30,2% and 21,2%, respectively for the same period.
L/F decreased by 1,1 point to 72,6%.
ASK with 24,7% increase reached to 81.1 bn during the period January-December 2011 from 65.1 bn for the same period of 2010.
RPK with 22,9% increase reached to 58.9 bn during the period of January-December 2011 from 47.9 bn for the same period of 2010.
Number of landing 241.109 for the period of January-December 2010 has increased to 265.656 in 2011 (10,2%).
Cargo/Mail carried during the period of January-December 2011 reached to 387.703 tons from 313.517 tons in 2010 (+23,7%).
02.01.2012
Ref: Announcement dated 23.09.2011
THY Frequent Flyer Program Miles & Smiles Co-Branded Credit Card Collaboration aggrement signed with T. Garanti Bankası A.Ş., which expired on 31.12.2011, is extended until 31.03.2012 and the tender for the new agreement will take place on 16.01.2012.
...
2011
23.12.2011
The Incorporation has decided to start Istanbul-Kinshasa-İstanbul route, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
23.12.2011
The Incorporation has decided to open Istanbul-Bremen-Istanbul route in the year 2012, based on aircraft availability and upon obtaining the authorizations.
23.12.2011
The Incorporation has decided to open Istanbul- Aalborg-Billund-İstanbul route in the year 2012, based on aircraft availability and upon obtaining the authorizations.
23.12.2011
The Incorporation has decided to start operating Istanbul- Edinburgh-İstanbul route in the year 2012, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
23.12.2011
The Incorporation has decided to open Istanbul-Leipzig-Istanbul route in the year 2012, based on aircraft availability and upon obtaining the authorizations.
23.12.2011
The Incorporation has decided to open Istanbul-Accra-Abidjan-Istanbul route in the year 2012, based on aircraft availability and upon obtaining the authorizations. Currently operating as Istanbul-Lagos-Accra-Lagos-Istanbul route will be operating as Istanbul-Lagos-Istanbul and Istanbul-Accra-Istanbul as of January 2012. Upon obtaining the authorizations, Istanbul-Accra route will extend to Istanbul-Accra-Abidjan-Istanbul.
20.12.2011
The Incorporation will continue to grow in 2012 and in this context set its 2012 targets. The Incorporation is targeting to generate TRY 14.6 billion revenue by carrying total of 38,2 million passengers, of which 17,2 million domestic and 21 million international, with 95.2 billion ASK; 70.2 billion RPK and 73.6% LF. Fuel cost is expected to be TRY 5.3 billion by consuming 2,589 thousand tons jet fuel.
12.12.2011
Traffic results for the period of January-November 2011 are as follows:
During the period of January-November 2011 total passenger carried has increased by 11,7%, reaching to 30 million passengers from 26.9 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 28,4% and 20,2% respectively for the same period.
L/F decreased by 1,4 point to 72,6%.
ASK with 24,7% increase reached to 74.3 bn during the period January-November 2011 from 59.6 bn for the same period of 2010.
RPK with 22,4% increase reached to 54 bn during the period of January-November 2011 from 44.1 bn for the same period of 2010.
Number of landing 221.512 for the period of January-November 2010 has increased to 243.968 in 2011 (10,1%).
Cargo/Mail carried during the period of January-November 2011 reached to 351.504 tons from 283.220 tons in 2010 (+24,1%).
21.11.2011
The Board of Directors have appointed, Chief Commercial Officer, Orhan Sivrikaya, as Toronto Manager. Senior Vice President of Cargo, Abdullah Soner Akkurt will be Acting Chief Commercial Officer.
18.11.2011
The Incorporation, has decided to open İstanbul-Abuja-Kano-İstanbul route in the year 2012, based on aircraft availability and upon obtaining the authorizations.
18.11.2011
The Incorporation, has decided to open İstanbul-Novosibirsk-Ulan Bator-Novosibirsk-İstanbul route in the year 2012, based on aircraft availability and market development.
18.11.2011
The Incorporation, based on aircraft availability, has decided to start operating İstanbul-Bilbao-La Coruna-Bilbao-İstanbul route.
16.11.2011
Traffic results for the period of January-October 2011 are as follows:
During the period of January-October 2011 total passenger carried has increased by 11,3%, reaching to 27.3 million passengers from 24.6 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 27,7% and 19,7% respectively for the same period.
L/F decreased by 1,6 point to 72,9%.
ASK with 24,7% increase reached to 67.4 bn during the period January-October 2011 from 54 bn for the same period of 2010.
RPK with 22% increase reached to 49.1 bn during the period of January-October 2011 from 40.2 bn for the same period of 2010.
Number of landing 201.888 for the period of January-October 2010 has increased to 221.981 in 2011 (10%).
Cargo/Mail carried during the period of January-October 2011 reached to 315.958 tons from 257.449 tons in 2010 (+22,7%).
19.10.2011
The Incorporation, based on aircraft availability, has decided to start operating Ankara-Kocaeli-Ankara route in the year 2011.
19.10.2011
The Incorporation, based on aircraft availability, has decided to start operating Trabzon-Kocaeli-Trabzon route in the year 2011.
14.10.2011
The Incorporation, based on aircraft availability and flight safety evaluation, has decided to start operating İstanbul-Misrata-İstanbul route in Winter 2011 season.
14.10.2011
The Incorporation, subject to aircraft availability, has decided to open İstanbul-Gatwick-İstanbul route in the year 2011.
14.10.2011
The Incorporation, subject to aircraft availability, has decided to start operating İstanbul- Novosibirsk -İstanbul route in the year 2011.
14.10.2011
The Incorporation, subject to aircraft availability and flight safety evaluation, has decided to start operating İstanbul-Mogadishu-İstanbul route in 2011 Winter season.
12.10.2011
Traffic results for the period of January-September 2011 are as follows:
During the period of January-September 2011 total passenger carried has increased by 11%, reaching to 24.3 million passengers from 21.9 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 26,3% and 18,5% respectively for the same period.
L/F decreased by 1,7 point to 72,6%.
ASK with 24,3% increase reached to 60 bn during the period January-September 2011 from 48.2 bn for the same period of 2010.
RPK with 21,3% increase reached to 43.5 bn during the period of January-September 2011 from 35.8 bn for the same period of 2010.
Number of landing 180.616 for the period of January-September 2010 has increased to 198.431 in 2011 (9,9%).
Cargo/Mail carried during the period of January-September 2011 reached to 278.916 tons from 227.714 tons in 2010 (+22,5%).
23.09.2011
Ref: Announcement dated 02.09.2008
Frequent Flyer Program Miles & Smiles Co-Branded Credit Card Collaboration aggrement signed with T. Garanti Bankası A.Ş., which will be expired on 29.10.2011, is extended until 31.12.2011. Tender procedure is still in progress regarding the period after 31.12.2011 , thus the tender date will be announced to public subsequently.
22.09.2011
Ref: Announcements dated (a) 06.05.2011 and (b) 20.05.2011
In relation with the announcements indicated above, Joint Venture Agreement has been signed today with Assan Hanil Otomotiv San ve Tic. A.Ş. which will hold 50% shares of "Uçak Koltuk Üretimi Sanayi ve Ticaret A.Ş."
15.09.2011
Traffic results for the period of January-August 2011 are as follows:
During the period of January-August 2011 total passenger carried has increased by 10%, reaching to 21.2 million passengers from 19.2 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 24,3% and 16,6% respectively for the same period.
L/F decreased by 2,4 point to 71,6%.
ASK with 23,9% increase reached to 52.7 bn during the period January-August 2011 from 42.5 bn for the same period of 2010.
RPK with 19,9% increase reached to 37.7 bn during the period of January-August 2011 from 31.5 bn for the same period of 2010.
Number of landing 159.013 for the period of January-August 2010 has increased to 174.750 in 2011 (9,9%).
Cargo/Mail carried during the period of January-August 2011 reached to 246.659 tons from 202.384 tons in 2010 (+21,9%).
11.08.2011
Traffic results for the period of January-July 2011 are as follows:
During the period of January-July 2011 total passenger carried has increased by 10,6%, reaching to 18.1 million passengers from 16.4 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 25,8% and 12,8% respectively for the same period.
L/F decreased by 2,4 point to 71,1%.
ASK with 24,1% increase reached to 45.2 bn during the period January-July 2011 from 36.4 bn for the same period of 2010.
RPK with 20,1% increase reached to 32.1 bn during the period of January-July 2011 from 26.8 bn for the same period of 2010.
Number of landing 136.136 for the period of January-July 2010 has increased to 150.200 in 2011 (10,3%).
Cargo/Mail carried during the period of January-July 2011 reached to 217.312 tons from 177.530 tons in 2010 (+22,4%).
05.08.2011
The Incorporation has decided to extend Istanbul-Sao Paulo-Istanbul route to Buenos Aires in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
12.07.2011
Traffic results for the period of January-June 2011 are as follows:
During the period of January-June 2011 total passenger carried has increased by 10,3%, reaching to 14.8 million passengers from 13.4 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 25,2% and 10,7% respectively for the same period.
L/F decreased by 2,7 point to 69,5%.
ASK with 23,6% increase reached to 37.5 bn during the period January-June 2011 from 30.4 bn for the same period of 2010.
RPK with 19% increase reached to 26.1 bn during the period of January-June 2011 from 21.9 bn for the same period of 2010.
Number of landing 113.317 for the period of January-June 2010 has increased to 124.866 in 2011 (10.5%).
Cargo/Mail carried during the period of January-June 2011 reached to 185.466 tons from 151.765 tons in 2010 (+22.2%).
05.07.2011
Ref: Announcement Dated 22.04.2011
The Capital Market Board has approved with letter dated 01.07.2011 numbered 61/642 to increase the paid in capital by 20%,( 200.000.000 TL), from 1.000.000.000 TL to 1.200.000.000 TL, of which from previous year’s net profit. Thus, we have applied to Istanbul Commercial Registrar Office on 05.07.2011.
Shareholders have right to receive 20% bonus shares starting as of July 11th, 2011. There is no time limit to receive bonus shares. Shares that are registered at Merkezi Kayıt Kurulusu AS (MKK) “ Central Registery Agency” (CRA) will receive bonus shares on-line through CRA.
Attached Notice to the share holders regarding to the distribution of bonus shares will be published at Hurriyet and Sabah newspapers on 07.07.2011.
05.07.2011
Ref: Announcement Dated 02.06.2011
We have previously announced that The ıncorporation has decided to establish a company called TURKBINE TEKNİK GAZ TÜRBİNLERİ BAKIM ONARIM ANONİM ŞİRKET, thus, the Corporation established and registration has been completed.
01.07.2011
The Incorporation has decided to start operating Istanbul-Dammam-Istanbul route, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
06.06.2011
Traffic results for the period of January-May 2011 are as follows:
During the period of January-May 2011 total passenger carried has increased by 10,4%, reaching to 12 million passengers from 10.9 million passengers for the same period of 2010. International Business/Comfort Class and Transfer passengers increased by 22% and 9,7% respectively for the same period.
L/F decreased by 2,9 point to 68,8%.
ASK with 23,1% increase reached to 30.7 bn during the period January-May 2011 from 24.9 bn for the same period of 2010.
RPK with 18,2% increase reached to 21.1 bn during the period of January-May 2011 from 17.9 bn for the same period of 2010.
Number of landing 92.535 for the period of January-May 2010 has increased to 102.268 in 2011 (10.5%).
Cargo/Mail carried during the period of January-May 2011 reached to 153.694 tons from 126.116 tons in 2010 (+21.9%).
06.06.2011
The Incorporation has decided to establish a Joint Venture Company, called “HABOM Havacılık Bakım Onarım ve Modifikasyon Merkezi A.Ş.” that will purchase, sell, lease, produce and modify aircraft, all kinds of air transport related equipments and materials and engines; to build and operate hangars, warehouses, maintenance and installation facilities; to provide training and other operational services to supply educated staff for civil aviation sector; with the capital of 500.000 TL ( five hundred thousand) of which 499.996 TL by Turkish Airlines Inc. , 1 TL by Mr.Hamdi Topçu, 1 TL by Mr.Cemal Şanlı, 1 TL by Mr. Temel Kotil and 1 TL by Mr. İsmail Gerçek and the authority is given to The Office of the General Manager to arrange the articles of association and to complete all the necessary process accordingly.
02.06.2011
Ref: Announcement dated 22.07.2010
The Board of Directors of the Incorporation have decided to establish a Joint Venture Company, called “TURKBINE TEKNİK GAZ TÜRBİNLERİ BAKIM ONARIM ANONİM ŞİRKETİ (TURKBINE TEKNİK)” that will provide maintenance, repair and overhaul activities for gas turbine and industrial gas turbine with the total capital of 16.571.494 TL( Sixteen million five hundred seventy one thousand four hundred ninety four Turkish Lira) of which 7.021.820 TL capital in kind and 9.549.674 TL in cash. Zorlu O/M Enerji Tesisleri İşletme ve Bakım Hizmetleri A.Ş participating 8.285.747 TL in cash , THY Technic Inc participating 7.021.820 TL capital in kind and 1.263.924 TL in cash., Mr. İsmail Demir 1 TL, Mr. Faruk Çizmecioğlu 1 TL and Mr. Ömer Faruk Öztürk 1 TL and the authority is given to The Office of the General Manager to arrange the articles of association and to complete all the necessary process accordingly.
01.06.2011
There are some news in the media that the Incorporation is interested in partnership with Spanair. We hereby inform the public that the Incorporation had not met with Spanair management as indicated in the media, furthermore the Board of Directors’ has no decision taken on the subject.
20.05.2011
The Incorporation has decided to sign a Memorandum of Understanding and establish a Joint Venture Company between Turkish Airlines Inc., THY Technic Inc. and Assan Hanil Otomotiv San. ve Tic. A.Ş. ; that will design and produce seats for aircrafts owned/operated by the Incorporation and other aircrafts, make modification and their logistic support as well as marketing services, and give other related services all parties agree. The Incorporation has also decided to submit to the Board of Directors for approval within a month after the Memorandum of Understanding has been signed; to give authority to The Office of the General Manager to complete all the necessary process.
06.05.2011
The Incorporation has decided to start operating İstanbul-İslamabad-İstanbul route in the year 2011, based on aircraft availability.
06.05.2011
The Board of Directors has decided to establish a Joint Venture Company, with the capital of 50.000,00 TL, of which 4.500,00 TL by Turkish Airlines Inc., 4.997,00 TL by THY Technic Inc., 1 TL by Mr. Temel Kotil, 1 TL by Mr. Cemal Şanlı and 1 TL by Mr. Hamdi Topçu , called “Uçak Koltuk Üretimi Sanayi ve Ticaret A.Ş.” that will design and produce seats for aircraft, produce spare parts and make modification as well as marketing and sales of services.
05.05.2011
Traffic results for the period of January-April 2011 are as follows:
During the period of January-April 2011 total passenger carried has increased by 11,1%, reaching to 9.3 million passengers from 8.4 million passengers for the same period of 2010. International Business Class and international to international transfer passengers increased by 22,9% and 8,3% respectively for the same period.
L/F decreased by 3,1 point to 68,2%.
ASK with 22,6% increase reached to 23.9 bn during the period January-April 2011 from 19.5 bn for the same period of 2010.
RPK with 17,4% increase reached to 16.3 bn during the period of January-April 2011 from 13.9 bn for the same period of 2010.
Number of landing 71.967 for the period of January-April 2010 has increased to 80.090 in 2011 (11.3%).
Cargo/Mail carried during the period of January-April 2011 reached to 119.770 tons from 98.529 tons in 2010 (+21.6%).
27.04.2011
Ref: Announcement dated 07.03.2011
The Board of Directors have decided to establish a Joint Venture Company called “TCI Kabin İçi Sistemleri Sanayi ve Ticaret A.Ş.” between Turkish Airlines Inc. (30% shares), THY Technic Inc. (20,99998667% shares), TUSAŞ - TURKISH AEROSPACE INDUSTRIES Inc. (48,99998667% shares), Mehmet Yalçın KAYA (0,00001333% shares), İsmail DEMİR (0,00001333% shares) with the capital of 7.500.000 TL after receiving the approval of The Competition Board’s decision dated 14.4.2011 numbered 11-23/430-130 and give authority to The Office of the General Manager to complete all the necessary process.
25.04.2011
The Board of Directors has decided to sign block space agreement where Borajet will be the operating carrier and AnadoluJet marketing carrier for the routes from Ankara to Adıyaman, Kahramanmaraş, Siirt, Çanakkale, Tekirdağ, from Sabiha Gökçen to Çanakkale, Isparta, Nahçivan, Uşak , Tokat as well as on the other routes that BoraJet is operating.
25.04.2011
The Board of Directors has decided to start operating on Sabiha Gökçen- Balıkesir Körfez (EDO) route in the year 2011 subject to aircraft availabilty .
22.04.2011
According to the authority given by the Aricle 8 of the Article of Association, the Board of Director has taken decision on 08/04/2011, numbered 73, to increase the paid in capital from 1.000.000.000 TL to 1.200.000.000 TL by adding 200.000.000 TL from the retained earnings. The Board of Directors confirms that the accounting procedures has been completed as of 11.04.2011 by transferring 200.000.000 TL from retained earnings accounts to paid-in-capital accounts.
The Board of Directors have decided to give authority to The Office of the General Manager to ;
1.Distribute the bonus shares of 200.000.000 TL, which are registered under Group A Shares, to the shareholders according to the Central Registry procedures.
2.Report to Capital Markets Board that the process of increasing paid in capital has been done completely and duly.
3.To start the necessary registration process under the Turkish Trade Registry and publishing the registry in the Turkish Trade Registry Gazette the new paid in capital of the Incorporation as 1.200.000.000 TL, within 10 days after receiving the necessary documents from the Capital Markets Board.
20.04.2011
Ref: Announcement dated 11.04.2011
The Incorporation has applied on 20.04.2011 to the Capital Market Board to receive approval certification in order to register the 20% increased shares of 200.000.000 TL as bonus shares covered from the retained earnings, thus increasing the total paid in capital to 1.200.000.000 TL from 1.000.000.000 TL.
14.04.2011
Traffic results for the period of January-March 2011 are as follows:
During the period of January-March 2011 total passenger carried has increased by 8,7%, reaching to 6.7 million passengers from 6.1 million passengers for the same period of 2010. International Business Class and international to international transfer passengers increased by 23% and 4,8% respectively for the same period.
L/F decreased by 3,2 point to 67,3%.
ASK with 19,6% increase reached to 17.3 bn during the period January-March 2011 from 14.5 bn for the same period of 2010.
RPK with 14,2% increase reached to 11.6 bn during the period of January-March 2011 from 10.2 bn for the same period of 2010.
Number of landing 53.436 for the period of January-March 2010 has increased to 58.661 in 2011 (+9.8%).
Cargo/Mail carried during the period of January-March 2011 reached to 86.708 tons from 73.839 tons in 2010 (+17.4%).
13.04.2011
The Incorporation has appointed Mr. Cemal Şanlı as the Deputy Chairman of the Board; decided Mr. Hamdi TOPÇU continue to serve as the Chairman of the Executive Committee, Mr. Cemal Şanlı as the Deputy Chairman of the Executive Committee and Mr. Temel KOTIL as the member of the Executive Committee.
The Incorporation has appointed Mr. Cemal Şanlı and Mr. Mehmet Muzaffer AKPINAR as the members of the Auditing Commitee, Mr. Cemal ŞANLI, Ms. Gülsüm AZERİ and Mr. Mehmet BÜYÜKEKŞİ as the members of Corporate Governance Committee.
08.04.2011
General Assembly Meeting of the Incorporation was held on 08.04.2011.
Upon voting;
* Consolidated balance sheet and income statement for 2010 with the net profit of 286.443.361 TL, prepared in accordance with the Capital Market consolidated report (CMR) and with the loss of 102.228.442,66 TL prepared in accordance with the legal books were seperately voted and they were approved by majority votes of the attendants.
* The release of the Board of Directors and Board of Auditors were approved by majority votes of the attendants.
* Consolidated balance sheet and income statement for the period of 01.01.2010 – 31.12.2010, which is audited by DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., in accordance with Capital Market Board (CMB) Rules XI; No:29, the net profit according to Capital Market consolidated report is 286.443.361 TL; according to legal books is -102.228.442,66 TL . Thus;
Primary legal reserves will not be applicable due to the loss according to legal books;
Dividend payment (%69.82 of the net profit of 286.443.361 TL, prepared in accordance with the CMR) of 200.000.000 TL ( 0.20 TL dividend per 1 TL share) will be paid as bonus share to shareholders.
Due to all dividend will be paid as bonus shares secondary legal reerve is not applicable.
After the current year loss of 102.228.442,66 TL is set off, the dividend will be paid from the balance of 200.806.615,76 TL,
The balance net income according to CMR of 86.443.361 TL will be transferred to the extraordinary reserves.
The paid-in capital of the Incorporation will increase from 1.000.000.000 TL to 1.200.000.000 TL as a result of bonus shares distributed.
In conclusion, the Board of Directors proposal dated 23.03.2011 and numbered 059 was approved together with the statement of profit appropriation.
The authorization is given to the Board of Directors to finalize the date for the distribution of bonus shares inaccordance with Capital Market Rules, by unanimously votes of the attendants.
* Mr. Hamdi TOPÇU (as the Chairman and the representative of the C Group Share), Mr. Temel KOTİL, Mr. İsmail GERÇEK, Mr. Mehmet BÜYÜKEKŞİ, Mr. Muzaffer AKPINAR, Mr. Cemal ŞANLI and Mrs. Gülsüm AZERİ were elected as the members of the Board of Directors, by majority votes of attendants.
* Mr. Naci AĞBAL (as the representative of the C Group Share), Mr Orhan BİRDAL and Mr. Ateş VURAN were elected as the members of the Board of Auditors by the majority votes of the attendants.
14.03.2011
Traffic results for the period of January-February 2011 are as follows:
During the period of January-February 2011 total passenger carried has increased by 8,2%, reaching to 4.2 million passengers from 2.0 million passengers for the same period of 2010. International Business Class and international to international transfer passengers increased by 23,2% and 6,7% respectively for the same period.
L/F decreased by 1,5 point to 67,3%.
ASK with 13,4% increase reached to 5.5 bn during the period January-February 2011 from 4.9 bn for the same period of 2010.
RPK with 11% increase reached to 3.7 bn during the period of January-February 2011 from 3.4 bn for the same period of 2010.
Number of landing 18.162 for the period of January-February 2010 has increased to 19.639 in 2011 (+8.1%).
Cargo/Mail carried during the period of January-February 2011 reached to 26.125 tons from 21.307 tons in 2010 (+22.6%).
11.03.2011
There are some news in the media that, Our CEO, Dr.Temel KOTİL is “ among the public officials who had resigned” in order to run for parliament, which is not reflecting the truth. Furthermore, such news should be disregarded by taking into consideration that the Incorporation has obligation under the Capital Market Board requlations to disclose any resignation at the senior management level.
07.03.2011
Ref: Announcement dated 27.12.2010
In accordance with the decision we have announced previously, the Joint Venture (JV) Agreement has been signed between THY A.O. , THY Technic A.Ş. and TUSAŞ- TURKISH AEROSPACE INDUSTRIES Inc. (TAI) with 49% shares, to form a JV called TCI KABİN İÇİ SİSTEMLERİ SANAYİ VE TİCARET A.Ş.
03.03.2011
Ref: Announcement dated 04.01.2010;
The Incorporation has decided to exercise its optional right on 10 Airbus A321-200 aircraft from Airbus, to be delivered in the year 2013.
03.03.2011
The Incorporation has decided to purchase 3 Airbus A330-200F Cargo aircraft from Airbus, to be delivered in the year 2012, 2013 and 2014.
23.02.2011
Ref: Announcement dated 04.02.2010;
The Incorporation has decided to exercise its optional right on 15 Boeing B737NG aircraft from Boeing, to be delivered in the year 2013-2015.
18.02.2011
The Incorporation has decided to start operating Istanbul-Sulaymaniyah-Istanbul route in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
18.02.2011
The Incorporation has decided to start operating Ankara-Gazipaşa-Ankara, İstanbul-Çanakkale-Gökçeada- İstanbul, Ankara-Batum-Ankara, Ankara-Bakü-Ankara routes in the summer season of year 2011, based on aircraft availability.
16.02.2011
With a view to increasing operational effectiveness and accordingly for providing the services of transit/layover inspections at domestic and international stations, correcting malfunctions, all kinds of periodic maintenance within the line maintenance, repair, modification, revision and testing procedures that are applied to aircraft in our fleet, within the Incorporation’s own means, with regards to obtaining the minimum requirements of the Civil Aviation’s regulations, the Board of Directors of the Incorporation has decided to empower the Executive Committee;
(i) for all procedures relating to the determination and takeover of the supplies (hangar, tools, spare units, ground equipment, administrative offices) and staff requirements that are to be taken over from THY Teknik A.Ş.,
(ii) for each and every procedure relating to the line maintenance services by the Incorporation, including the employee and department organisation.
16.02.2011
According to the Lease Agreement signed with Crescent Leasing 2 Limited, The Incorporation will be receiving 2 A320-200 aircraft for the duration of 72 months starting from February and March 2011.
15.02.2011
Traffic results for the period of January 2011 are as follows:
During the period of January 2011 total passenger carried has increased by 6,3%, reaching to 2.1 million passengers from 2.0 million passengers for the same period of 2010. International Business Class and Transfer passengers increased by 23,2% and 4,0% respectively for the same period.
L/F decreased by 1,5 point to 67,3%.
ASK with 13,4% increase reached to 5.5 bn during the period January 2011 from 4.9 bn for the same period of 2010.
RPK with 11,0% increase reached to 3.7 bn during the period of January 2011 from 3.4 bn for the same period of 2010.
Number of landing 18.162 for the period of January 2010 has increased to 19.639 in 2011 (+8.1%).
Cargo/Mail carried during the period of January 2011 reached to 26.125 tons from 21.307 tons in 2010 (+22.6%).
15.02.2011
There are some news in the media that The Incorporation has agreed with Kibar Holding for manufacturing aircraft seats. We would like to announce that, at the present time, there is no Board of Directors’ decision taken regarding the cooperation with the subject company.
02.02.2011
There are some news in the media that The Incorporation has been meeting for establishing a joint venture company with Serbian Airlines, JAT. We would like to announce that, at the present time, there is no Board of Directors’ decision taken regarding a strategic partnership with JAT Airways, however, our Incorporation is open to consider any possible opportunities as part of our growth strategy.
01.02.2011
The Incorporation has decided to start operating Istanbul-Mosul-Istanbul route in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
01.02.2011
The Incorporation has decided to start operating Istanbul-Najaf-Istanbul route in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
21.01.2011
The Incorporation has decided to start operating Istanbul-Kabul-Istanbul route in the year 2011, based on aircraft availability.
18.01.2011
Ref: Announcement dated 8th December 2010 numbered 10607
Previously we have informed that the Incorporation had decided to empower the Executive Committee to start work and negotiate in order to establish a new company; having up to 10 % share of that company, which will be operating scheduled and non-scheduled flights, both passenger and cargo, in Northern Cyprus. Thus, all the necessary process has been completed and the agreement has been signed between Türk Hava Yolları A.O. and Ministry of Public Works and Transportation of TRNC (Turkish Republic of Northern Cyprus) to establish “Kuzey Kıbrıs Hava Yolları Inc.” , where Türk Hava Yolları A.O. will have 10% of its Capital.
13.01.2011
Traffic results for the period of January-December 2010 are as follows:
During the period of January- December 2010 total passenger carried has increased by 16,0%, reaching to 29,1 million passengers from 25,1 million passengers for the same period of 2009. International Business Class and international to international transfer passengers increased by 28,8% and 13,5% respectively for the same period.
L/F increased by 2.7 point to 73,7%.
ASK with 15,0% increase reached to 65,1 bn during the period January- December 2010 from 56,5 bn for the same period of 2009.
RPK with 19,4% increase reached to 47,9 bn during the period of January- December 2010 from 40,1 bn for the same period of 2009.
Number of landing 213.953 for the period of January- December 2009 has increased to 243.348 in 2010 (+13,7%).
Cargo/Mail carried during the period of January- December 2010 reached to 313.410 tons from 238.060 tons in 2009 (+31,7%).
2010 data may be change after the year end account is closed. If it would be the case than the revised data will be reflected in our file posted at our web site.
04.01.2011
The Incorporation has decided to open Istanbul-Napoli-Istanbul Istanbul-Torino-Istanbul and Istanbul-Genova-Istanbul routes in 2011 subject to fleet availablity.
...
2010
27.12.2010
The Incorporation has decided to establish a Joint Venture Company between THY Technic Inc. and TUSAŞ - TURKISH AEROSPACE INDUSTRIES Inc. (TAI); that will produce cabin interior materials and components, make all their logistic support, modification and marketing.
In the new Company, Turkish Airlines Inc. will have 30% ; THY Technic 21% and TUSAŞ - TURKISH AEROSPACE INDUSTRIES Inc. 49% shares and will have equal rights on the management of the Company.
20.12.2010
The Incorporation has decided to start operating İstanbul-Selanik-İstanbul route in the summer season of year 2011, based on aircraft availability.
17.12.2010
The Incorporation has decided to start operating Ankara-Canakkale-Ankara route in the year 22010/011, based on aircraft availability
13.12.2010
Traffic results for the period of January-November 2010 are as follows:
During the period of January- November 2010 total passenger carried has increased by 17,1%, reaching to 26,9 million passengers from 22,9 million passengers for the same period of 2009. International Business Class and international to international transfer passengers increased by 29,4% and 15,9% respectively for the same period.
L/F increased by 2.8 point to 74%.
ASK with 16,3% increase reached to 59,6 bn during the period January- November 2010 from 51,3 bn for the same period of 2009.
RPK with 20,9% increase reached to 44,1 bn during the period of January- November 2010 from 36,5 bn for the same period of 2009.
Number of landing 194.236 for the period of January- November 2009 has increased to 223.534 in 2010 (+15,1%).
Cargo/Mail carried during the period of January- November 2010 reached to 283.335 tons from 212.277 tons in 2009 (+33,5%).
13.12.2010
Ref: Announcement dated 10th December 2010
The Incorporation has decided to start operating Ankara-Siirt-Ankara route, it had been announced as İstanbul-Siirt-İstanbul by mistake in the Reference announcement.
10.12.2010
The Incorporation has decided to start operating İstanbul-Siirt-İstanbul route and İstanbul-Tokat-İstanbul route , based on aircraft availability .
08.12.2010
The Incorporation has decided to empower the Executive Committee to start work and negotiate in order to establish a new company; having up to 10 % share of that company, which will be operating scheduled and non-scheduled flights, both passenger and cargo, in Northern Cyprus upon the final approval of the Board of Directors.
11.11.2010
Traffic results for the period of January-October 2010 are as follows:
During the period of January- October 2010 total passenger carried has increased by 17,3%, reaching to 24,5 million passengers from 20,9 million passengers for the same period of 2009. International Business Class and international to international transfer passengers increased by 29,6% and 17,6% respectively for the same period.
L/F increased by 2.9 point to 74,4%.
ASK with 16,8% increase reached to 54,0 bn during the period January- October 2010 from 46,3 bn for the same period of 2009.
RPK with 21,6% increase reached to 40,2 bn during the period of January- October 2010 from 33,1 bn for the same period of 2009.
Number of landing 176.183 for the period of January- October 2009 has increased to 203.695 in 2010 (+15,6%).
Cargo/Mail carried during the period of January- October 2010 reached to 257.547 tons from 186.627 tons in 2009 (+38,0%).
15.10.2010
The Incorporation has decided to purchase one B737NG simulator which will be delivered 6 months after the applicable agreements are signed.
13.10.2010
There are some news in the media that the Incorporation has decided to purchase Airbus A380 and Boeing 747-8. Although The Incorporation has no firm decision taken regarding to the purchasing of the subject aircraft, the Board of Directors have been evaluating addition of A380 and B747.
13.10.2010
Traffic results for the period of January-September 2010 are as follows:
During the period of January- September 2010 total passenger carried has increased by 17,8%, reaching to 21,9 million passengers from 18,6 million passengers for the same period of 2009. International Business Class and international to international transfer passengers increased by 31,8% and 19,2% respectively for the same period.
L/F increased by 3.4 point to 74,2%.
ASK with 17,1% increase reached to 48,2 bn during the period January- September 2010 from 41,2 bn for the same period of 2009.
RPK with 22,7% increase reached to 35,8 bn during the period of January- September 2010 from 29,2 bn for the same period of 2009.
Number of landing 157.375 for the period of January- September 2009 has increased to 182.184 in 2010 (+15,8%).
Cargo/Mail carried during the period of January- September 2010 reached to 227.659 tons from 161.769 tons in 2009 (+40,7%)..
04.10.2010
The Incorporation has decided to close the Ankara-Denizli operation and to start operating Sabiha Gökçen-Sivas route in the winter season of 2010-2011.
16.09.2010
Traffic results for the period of January-August 2010 are as follows:
During the period of January- August 2010 total passenger carried has increased by 17,8%, reaching to 19,2 million passengers from 16,3 million passengers for the same period of 2009. International Business Class and international to international transfer passengers increased by 32,4% and 19,8% respectively for the same period.
L/F increased by 3.4 point to 73,9%.
ASK with 17,7% increase reached to 42,5 bn during the period January- August 2010 from 36,1 bn for the same period of 2009.
RPK with 23,4% increase reached to 31,4 bn during the period of January- August 2010 from 25,5 bn for the same period of 2009.
Number of landing 138.437 for the period of January- August 2009 has increased to 160.399 in 2010 (+15,9%).
Cargo/Mail carried during the period of January- August 2010 reached to 195.081 tons from 136.397 tons in 2009 (+43,0%).
01.09.2010
Ref: Announcements dated 28.07.2010 and 18.05.2010
As we have announced previously , the Incorporation is open to consider any possible opportunities parallel to our long term strategies. Hence, The Incorporation considers similar opportunities in Rusia and Tanzania.
23.08.2010
The Incorporation has decided to sublease from its fleet MSN 3142 (A319-100) aircraft to Air Bosnia for 3 years, to be delivered in September 2010.
20.08.2010
Subject to obtaining Civil Aviation authorizations and the operational conditions, The Incorporation has decided to extend Istanbul-Washington-Istanbul route to Atlanta as Istanbul-Washington-Atlanta – Washington – Istanbul in the winter 2010 tariff.
16.08.2010
Due to notice received from Anadolu Anonim Türk Sigorta, who was providing health insurance coverage for approxiametly 24 thousands personnel and their family members, stating that they will not honor the agreement which will normally be expired at the end of 17 months, The Incorporation held a tender and agreed with Groupama Insurance to receive insurance coverage for 24 thousands personnel and their family members during the 17 months period.
13.08.2010
Due to notice received from Anadolu Anonim Türk Sigorta, who was providing health insurance coverage for approximately 24 thousands personnel and their family members, stating that they will not honor the agreement which will normally be expired at the end of 17 months, The Incorporation held a tender and agreed with Groupama Insurance to receive insurance coverage for 24 thousands personnel and their family members during the 17 months period.
12.08.2010
Traffic results for the period of January-July 2010 are as follows:
During the period of January- July 2010 total passenger carried has increased by 20,0%, reaching to 16,3 million passengers from 13,8 million passengers for the same period of 2009. International Business Class and international to international transfer passengers increased by 36,2% and 23,0% respectively for the same period.
L/F increased by 3.9 point to 73,4%.
ASK with 19,9% increase reached to 36,1 bn during the period January- July 2010 from 30,1 bn for the same period of 2009.
RPK with 26,6% increase reached to 26,5 bn during the period of January-July 2010 from 21 bn for the same period of 2009.
Number of landing 115.531 for the period of January- July 2009 has increased to 136.213 in 2010 (+17,9%).
Cargo/Mail carried during the period of January- July 2010 reached to 177.398 tons from 120.840 tons in 2009 (+46,8%).
28.07.2010
There are some news in the media that the Incorporation plans to make an offer to Croatia Airlines. We would like to announce that, at the present time, there is no Board of Directors’ decision taken regarding a partnership with Croatia Airlines, however, our Incorporation is open to consider any possible opportunities as part of our growth strategy.
26.07.2010
The Incorporation has decided to sign a sponsorship agreement with Euroleague to be the name sponsor for the Euroleague Basketball Leagaue for five years, with the option of extending it to an additional five. There will be an official signing ceremony held before the Euroleague opening game. With this agreement Turkish Airlines have also become a global sponsor of Eurocup, the biggest basketball competition in Europe after Euroleague Basketball. Moreover, the Incorporation will take an active role with Euroleague in Euroleague Basketball's corporate responsibility program, Euroleague for Life.
26.07.2010
The Incorporation has received the statement from The Competition Board about the news stated by Competition Board “In its meeting on July 1, 2010, the Competition Board decided that an investigation be opened about Türk Hava Yolları A.O. The purpose of the initiation of the investigation was to determine whether Türk Hava Yolları A.O makes preventing activities against its competitors on domestic and international routes.” As mentioned in the statement of The Competition Board, these statements, which are made within the framework of informing the public on the decisions of the Competition Board, may not be interpreted as the undertakings and associations of undertakings, about which an investigation was opened, have infringed the Act No. 4054, and face or will face fines under the Act. We would like to announce that Turk Hava Yolları A.O. is carrying out its operations under the competition law and other laws.
22.07.2010
THY Technic A.Ş., 100% subsidiary of Turkish Airlines Inc. will sign “The General Principles Agrement of a Joint Venture Company” with Zorlu O / M Power Plant Operation and Maintenance Services Inc. to establish a company providing industrial gas turbine maintenance, repair and overhaul activities to some aircraft engines and power plants that are outside the scope of existing subsidiaries. The company will be 50% subsidiary of THY TECHNIC and 50% subsidiary of Zorlu O / M Power Plant Operation and Maintenance Services Inc.
15.07.2010
Traffic results for the period of January-June 2010 are as follows:
During the period of January-June 2010 total passenger carried has increased by 19,3%, reaching to 13.4 million passengers from 11.2 million passengers for the same period of 2009. International Business Class and international to international transit passengers increased by 35,2% and 25,6% respectively for the same period.
L/F increased by 3.1 point to 74,2%.
ASK with 19,9% increase reached to 30.3 bn during the period January-June 2010 from 25.3 bn for the same period of 2009.
RPK with 26,8% increase reached to 21.9 bn during the period of January-June 2010 from 17.2 bn for the same period of 2009.
Number of landing 98.160 for the period of January-June 2009 has increased to 114.370 in 2010 (+16,5%).
Cargo/Mail carried during the period of January-June 2010 reached to 151.791 tons from 101.449 tons in 2009 (+49,6%).
15.07.2010
Ref: Announcement dated 6th November 2007
Previously we have informed that the Incorporation had decided to sign a Memorandum of Understanding on November 8th 2007 with Goodrich Aerostructures (Rohr, Inc.), subsidiary of Goodrich Corporation to establish a Joint Venture Company for the maintenance and repair on Nacelle ve Thrust Reverser under the HABOM Project. Under the signed Memorandum of Understanding, the agreement will be signed on 15th July 2010 regarding the Joint Venture of GOODRICH THY TECHNIC SERVICE CENTER LIMITED COMPANY which is 40% subsidiary of THY TECHNIC and 60% subsidiary of TSA-Rina Holdings B.V. which is subsidiary of Goodrich Corporation.
01.07.2010
The Incorporation has decided to start operating Istanbul-Toulouse-Istanbul route in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
01.07.2010
The Incorporation has decided to start operating Istanbul-Malaga-Istanbul route in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
01.07.2010
The Incorporation has decided to start operating Istanbul-Valencia-Istanbul route in the year 2011, based on aircraft availability and upon obtaining the Civil Aviation authorizations.
01.07.2010
The Incorporation has decided to start operating Istanbul- Guangzhou -Istanbul route in the winter season of 2010-2011, based on aircraft availability.
01.07.2010
The Incorporation has decided to start operating Istanbul-Manila-Istanbul route in the year 2011, based on aircraft availability.
01.07.2010
The Incorporation has decided to start operating Ankara-Körfez(Edremit)-Ankara route in the summer season of year 2010, based on aircraft availability.
01.07.2010
The Incorporation has decided to purchase jet fuel requirement of all Domestic Airports other than Sabiha Gokcen Airport from THY-OPET Havacılık Yakıtları A.Ş. as of July 1th 2010, hence purchase agreement has signed accordingly.
01.07.2010
The Incorporation has decided to purchase some part of jet fuel requirement of Istanbul Ataturk Airport for one year and jet fuel requirement of 26 Domestic Airports for one month from Petrol Ofisi A.Ş as of July 1th 2010, hence purchase agreement has signed accordingly.
23.06.2010
The Incorporation has decided to lease 1 A319-100 MSN 3142 aircraft from Wilmington Trust SP Services (Dublin) Limited, to be delivered in June 2010.
21.06.2010
The Incorporation has decided to lease 1 B737-700 aircraft from Continuity Air Finance VII B.V., to be delivered in July 2010.
11.06.2010
Traffic results for the period of January-May 2010 are as follows:
During the period of January-May 2010 total passenger carried has increased by 20,4%, reaching to 10.9 million passengers from 9.0 million passengers for the same period of 2009. International Business Class and international to international transit passengers increased by 34,4% and 27,2% respectively for the same period.
L/F increased by 4 point to 71,5%.
ASK with 21,3% increase reached to 24.9 bn during the period January-May 2010 from 20.6 bn for the same period of 2009.
RPK with 28,6% increase reached to 17.8 bn during the period of January-May 2010 from 13.9 bn for the same period of 2009.
Number of landing 79.708 for the period of January-May 2009 has increased to 93.454 in 2010 (+17,2%).
Cargo/Mail carried during the period of January-May 2010 reached to 126.131 tons from 83.815 tons in 2009 (+50,5%).
11.06.2010
The Incorporation has decided to purchase 1 A330-200 aircraft from Airbus to be delivered on July 2011.
10.06.2010
Ref: Announcements dated 04.01.2010 and 04.02.2010
The Incorporation has decided to provide avionics equipment from U.S. Rockwell Collins, for its’ recent orders of 20 firm/10 optional A319/321 aircraft and 20 firm/15 optional B737-800/900 ER aircraft.
28.05.2010
Ref: Announcement dated 30.04.2010
The Capital Market Board has approved with letter dated 25.05.2010 numbered 15/444 to increase the paid in capital to 1.000.000.000.—TL by 14.29%, 125.000.000.—TL of which from 2009 net profit. Thus, we have applied to Istanbul Commercial Registrar Office on 28.05.2010 with the Capital Market Board’s letter dated 27.05.2010 numbered 37/444 and attachment of Board of Directors’ decision.
Shareholders have right to receive 14.29% bonus shares starting as of June 4th, 2010. There is no time limit to receive bonus shares. Shares that are registered at Merkezi Kayıt Kurulusu AS (MKK) “ Central Registery Agency” (CRA) will receive bonus shares on-line through CRA.
Shares that are not registered at CRA yet, will be able to receive bonus shares after registered at CRA as per Capital Market Law provision number 6 and Circular Number 294, dated 30.01.2008 of CRA.
Notice to the share holders regarding to the distribution of bonus shares will be published at Hurriyet and Sabah newspapers on June 2nd, 2010.
27.05.2010
Ref: Announcement dated 26.05.2010
Previously we have informed that the Incorporation has agreed with the Hava-Is Union over the negotiations of the 22nd contract period and that the signed agreement would be presented to the Board of Directors by the following day. (27.05.2010)
According to the signed agreement;
Effective as of 01.01.2009, for the first 6 months of 2009, 8% increase on the wages dated 31.12.2008, for the second half of 2009, 2% increase on the wages dated 30.06.2009 will be applied.
For the first 6 months of 2010, 6% increase on the wages dated 31.12.2009, for the second half of 2010, 5% increase on the wages dated 30.06.2010 will be applied. However, if the CPI exceeds 6% and 5% in 1H09 and 1H10, respectively, the difference with the CPI will be reflected to the wages.
In addition, social benefit payment of 130 TL per month will be raised to 250TL per month for 2009 and 280TL per month for 2010.
26.05.2010
Ref: Announcement dated 21.05.2010
The Incorporation has agreed with the Hava-Is Union over the negotiations of the 22nd contract period. The signed agreement will be presented to the Board of Directors by tomorrow. (27.05.2010)
21.05.2010
Ref: Announcement dated 14/05/2010
Previously we have informed that the Official Mediator process had been completed and in accordance with the Strike and Lockout Law numbered 2822, Article 23, the Official Mediator report had been notified to the Incorporation by the Ministry of Labour and Social Security.
Hava-Is Union has served the strike notification to the Incorporation on 21 May 2010.
18.05.2010
There are some news in the domestic and international media that The Incorporation will be establishing a Joint Venture airline company with the partnership of Aeroflot. As we have announced previously, at the present time, there is no Board of Directors’ decision taken regarding a strategic partnership with any airline, however, our Incorporation is open to consider any possible opportunities as part of our growth strategy.
14.05.2010
Ref: Announcement dated 21.04.2010
Previously, we have informed that according to the applicable law, the meeting accompanied with the Official Mediator for the 22nd contract period has been completed and the process would continue following the notification to both parties by the authorities of the Official Mediator report.
Thus, the Official Mediator process has been completed and in accordance with the Strike and Lockout Law numbered 2822, Article 23, the Official Mediator report has been notified to the Incorporation by the Ministry of Labour and Social Security.
12.05.2010
The Incorporation has approved the increase of paid-in capital of Turkish Technic, 100% subsidiary of Turkish Airlines. According to this decision, the increased amount of 375.000.000 TL will be paid in cash by the Incorporatıon in accordance with the procedures. As a result of this increase, the paid-in capital of Turkish Technic will increase from 318.000.000 TL to 693.000.000 TL.
11.05.2010
Traffic results for the period of January-April 2010 are as follows:
During the period of January-April 2010 total passenger carried has increased by 21%, reaching to 8.4 million passengers from 6.9 million passengers for the same period of 2009. International Business Class and international to international transit passengers increased by 32% and 29.6% respectively for the same period.
L/F increased by 4 point to 71%.
ASK with 22.7% increase reached to 19.5 bn during the period January-April 2010 from 15.9 bn for the same period of 2009.
RPK with 30% increase reached to 13.9 bn during the period of January-April 2010 from 10.7 bn for the same period of 2009.
Number of landing 61.655 for the period of January-April 2009 has increased to 72.720 in 2010 (+18%).
Cargo/Mail carried during the period of January-April 2010 reached to 98.744 tons from 65.670 tons in 2009 (+50,4%).
06.05.2010
The final report for the accident that TC-JGE registered Turkish Airlines aircraft suffered prior to its landing while performing the TK1951 Istanbul-Amsterdam flight on Wednesday, February 25, 2009, has been released by the Dutch Safety Board. Attached is the Press Release including our Incorporation’s opinions and aspects regarding the released final report.
Turkish Airlines remains in keeping with its flight operations safe and in accordance with both national and international regulations as indicated in the report. The released report will be analyzed in more detail by all relevant departments of Turkish Airlines, and a second press release will be distributed if necessary.
06.05.2010
The Incorporation has decided to lease 3 A320-200 aircraft with serial numbers MSN 3896, 3931 and 3949 from Osprey Aircraft Leasing Limited (Twenty), Kuwait Turk One Ltd. ve Kuwait Turk Two Ltd., to be delivered on May 2010.
30.04.2010
The Incorporation has decided to start operating Istanbul-Naxcivan-Istanbul route in the year 2010, based on aircraft availability.
30.04.2010
The Incorporation has decided to start operating Istanbul-Podgorica-Istanbul route in the year 2010, based on aircraft availability.
30.04.2010
Ref: Announcement Dated 20/04/2010
With regard to Article 8 of Turkish Airlines’ Articles of Association; The Board of Directors’ decision dated 20/04/2010, numbered 75, related to the inspection of paid in capital increasing from 875.000.000 TL to 1.000.000.000 TL by adding 125.000.000 TL, paid from the net income, it has been determined that 125.000.000 TL has been transferred from the related accounts to the paid in capital account on 20.04.2010
The Board of Directors have decided the following:
1. To distribute the bonus shares of 125.000.000 TL, which are registered under Group A Shares, to the shareholders according to the Central Registry procedures.
2. To report to Capital Markets Board that the process of increasing paid in capital has been done completely and duly.
3. To start the necessary process of registration to Commercial Registry and announcement at the Turkish Commercial Gazette that the Incorporation’s paid in capital is 1.000.000.000 TL, within 10 days after receiving the necessary documents from the Capital Markets Board.
28.04.2010
The Incorporation has decided to appoint Board Members Mehmet Büyükekşi and Mehmet Muzaffer Akpınar to Member of Auditing Committee and Prof. Dr. Cemal Şanlı, Turan Erol, Ph.D and Orhan Birdal to Member of the Corporate Governance Committee.
21.04.2010
Ref: Announcement dated 13.04.2010
Previously, we have informed that at the last meeting between the Incorporation and Hava-İş Union, accompanied with the Mediator, both parties have agreed to extend the process for 6 more days and thus, the Mediator process has been extended until 21.04.2010.
As of today, 21.04.2010, according to the applicable law, the meeting accompanied with the Official Mediator for the 22nd contract period has been completed. The process will continue following the preparation of the Official Mediator report and notification to both parties by the authorities.
20.04.2010
General Assembly Meeting of the Incorporation was held on 20.04.2010. Upon voting;
* Consolidated balance sheet and income statement for 2009 with the net profit of 559.076.280,00 TL, prepared in accordance with the Capital Market consolidated report (CMR) and with the profit of 332.792.278,44 TL prepared inaccordance with the legal books were seperately voted and they were approved by majority votes of the attendants.
* The release of the Board of Directors and Board of Auditors were approved by majority votes of the attendants.
* Consolidated balance sheet and income statement for the period of 01.01.2009 – 31.12.2009, which is audited by DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., in accordance with Capital Market Board (CMB) Rules XI; No:29, the net income according to Capital Market consolidated report is 559.076.280, 00 TL; according to legal books is 332.792.278,44 TL .
Thus, according to the Turkish Commercial Law Article 466, 5% of net income according to the legal books, 16.639.613,92 TL will be reserved as primary legal reserves.
Taking the donation of 15.968,34 TL made in 2009 into consideration, the net income after the legal reserve according to CMR is 542.452.634,42 TL; according to legal books is 316.152.664,52 TL.
Dividend payment (%23.0435) will be made as bonus share, 125.000.000 TL ( 0.1429 TL dividend per 1 TL share) will be paid as bonus share to shareholders.
Taking into consideration that the Incorporation is in need of financing the purchase of the new aircraft, the dividend will be made only as bonus share and accordingly the paid-in capital of the Incorporation will increase from 875.000.000 TL to 1.000.000.000 TL;
After the distributions completed; the amount left from the net income according to CMR of 417.436.666,08 TL, according to the legal books of 191.152.664,52 TL will be transferred to the extraordinary reserves.
The authorization is given to the Board of Directors to finalize the date for the distribution of bonus shares within the limits as per Capital Market Rules, by unanimously votes of the attendants.
* Article 3., 6., 25., 26. ve 36 of Turkish Airlines’ Articles of Association has been changed as shown in the Attachment, by the majority votes of the attendants.
* Mr. Hamdi TOPÇU (as the Chairman and the representative of the C Group Share), Mr. Temel KOTİL, Mr. Orhan BİRDAL, Mr. Mehmet BÜYÜKEKŞİ, Mr. Muzaffer AKPINAR, Mr. Cemal ŞANLI and Mr. Turan EROL were elected as the members of the Board of Directors, by majority votes of attendants.
* Mr. Naci AĞBAL (as the representative of the C Group Share), Mr. İsmail GERÇEK and Mr. Ateş VURAN were elected as the members of the Board of Auditors by the majority votes of the attendants.
20.04.2010
At the Board Meeting held on 20.04.2010, the Board of Directors have appointed Board Members, Mr. Hamdi Topçu as the Chairman of the Board and Mr. Cemal Şanlı as the Deputy Chairman of the Board.
20.04.2010
At the Board Meeting held on 20.04.2010, The Board of Directors have appointed Mr. Hamdi Topçu as the Chairman of the Executive Committee; Mr. Cemal Şanlı as the and Deputy Chairman of the Executive Committee and Mr. Temel KOTIL as the member of the Executive Committee.
20.04.2010
The Board of Directors have decided to authorize General Management in order to execute the necessary procedures related to the following: Related to the increase of the Incorporation’s paid in capital from 875.000.000 TL to 1.000.000.000 TL;
The Incorporation will increase its’ paid in capital up to 1.000.000.000 TL, by issuing bonus shares of 125.000.000 TL, within the Registered Capital of 2.000.000.000 TL
Bonus shares of 125.000.000 TL (%14,29), can be paid from the net income of 542.452.634,42 TL according to Capital Market Board, after the primary legal reserves.
The bonus shares will be issued according to the Central Registry procedures and all of them are registered under Group A shares.
The distribution of bonus shares will be made in exchange of dividend coupon number 20 on the 11th series shares.
The distribution of bonus shares to the shareholders will start within 5 working days after the completion of the procedures related to the regulations of the Capital Market Board and Istanbul Stock Exchange
20.04.2010
Due to the ash clouds originated from the volcanic eruption in Iceland affecting the airport transportation in Europe, 57% of our European flights have been cancelled and 67 thousand passengers have been affected by these cancellations during 15-19 April. Five day cumulative revenue loss and the additional costs due to these flight cancellations to the Incorporation totalled 6.5 million Euro. The Incorporation is still working in order to minimize the affects of the cancellations on our passengers. The flights will resume right after receiving permission gradually for air transportation.
13.04.2010
Ref: Announcement dated 30.03.2010
Previously, we have informed that because the negotiations between the Incorporation and Türkiye Sivil Havacılık Sendikası (Hava-İş Union) regarding the 22nd contract period, had been unsuccessful due to disagreement on some items, The Ministry of Labour and Social Security Istanbul District Office has sent a notification to the Incorporation on 30.03.2010, stating that the Mediator has been assigned .
At the last meeting between the Incorporation and Hava-İş Union, accompanied with the Mediator, both parties have agreed to extend the process for 6 more days and thus, the Mediator process has been extended until 21.04.2010
09.04.2010
Traffic results for the period of January-March 2010 are as follows:
During the period of January-March 2010 total passenger carried has increased by 26%, reaching to 6.2 million passengers from 4.9 million passengers for the same period of 2009. International Business Class and international to international transit passengers increased by 32% and 37% respectively for the same period.
L/F increased by 4,2 point to 70,3%.
ASK with 27% increase reached to 14.5 bn during the period January-March 2010 from 11.4 bn for the same period of 2009.
RPK with 35% increase reached to 10.2 bn during the period of January-March 2010 from 7.5 bn for the same period of 2009.
Number of landing 44.567 for the period of January-March 2009 has increased to 54.015 in 2010 (+21,2%).
Cargo/Mail carried during the period of January-March 2010 reached to 74.070 tons from 47.545 tons in 2009 (+55,8%).
05.04.2010
Consolidated balance sheet and income statement for the period of 01.01.2009 – 31.12.2009, which is audited by DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., in accordance with CMB Rules XI; No:29, the net income according to Capital Market consolidated report is 559.076.280 TL; according to legal books is 332.792.278 TL . At the Booard Meeting dated 05.04.2010; the Incorporation has decided to propose for the approval of the following by the shareholders at the upcoming General Assembly on 20.04.2010;
Thus, according to the Turkish Commercial Law Article 466, 5% of net income (16.639.614 TL) will be reserved as primary legal reserves. Dividend payment (%23.0435) will be made as bonus share, 125.000.000 TL ( 0.1429 TL dividend per 1 TL share) will be paid as bonus shares to shareholders. After the distributions completed; the amount left from the net income according to CMB of 417.436.666 TL, according to the legal books of 191.152.665 TL will be transferred to the extraordinary reserves. As a result of bonus share, the capital share will be increased from 875.000.000 TL to 1.000.000.000TL. Divident Statement of 2009 is attached.
30.03.2010
The Incorporation has decided the Ordinary General Assembly of Shareholders meeting related to 2009 operations, to take place on April 20th, 2010 at 14:00 pm, at the Head office located at General Management Building, Ataturk Airport, Yesilköy, Bakirköy-Istanbul.The agenda of the meeting is indicated below.
A G E N D A
1. Opening statement and appointment of the Board of Assembly.
2. Giving authority to the Board of Assembly to sign the Minutes of Meeting.
3. Reading and discussing Board of Director’s and Auditor’s reports for 2009.
4. Voting for the acceptance of 2009 Financial Results.
5. Voting for the release of the Board of Directors and Auditors on Financial and Operational activities
of 2009.
6. Voting for the distribution of dividend payment of 2009.
7. Voting for the acceptance of the changes in Article 3., 6., 25., 26., 36. of Turkish Airlines Articles of Association. (ATTACHMENT 1)
8. In compliance with the Capital Market Board’s decision dated 09.09.2009, No:28/780, informing the share holders regarding the collateral, pledge, mortgage, revenue and benefits given in favor of third parties.
9. Informing the share holders regarding the donations made in 2009.
10. Voting for the acceptance of Mr. Turan Erol to be a Board Member and Mr. Hamdi Topçu to represent Group C shares and to be the Chairman Of the Board.
11. Selection of Board of Directors.
12. Selection of Auditors.
13. Voting on the salary of Board of Directors and Auditors.
14. Recommendations and closing statements.
30.03.2010
Ref: Announcement dated 04.03.2010
Previously we have informed that because the negotiations between the Incorporation and Türkiye Sivil Havacılık Sendikası (Hava-İş Union) regarding the 22nd contract period, had been unsuccessful due to disagreement on some items, the parties had signed ‘Disaccord Protocol’ on 03.03.2010 and that the mediator process would start.
The Ministry of Labour and Social Security Istanbul District Office has sent a notification to the Incorporation today, stating that the Mediator has been assigned .
26.03.2010
The Incorporation has decided to start operating from Sabiha Gökçen to/from Copenhagen, Stockholm and from Ankara to/from Dusseldorf, Frankfurt, Vienna, Tehran, Copenhagen, Stockholm, Amsterdam, Brussels, Paris, London, Cologne and Jeddah by Anadolu Jet in the 2010 Summer Schedule.
26.03.2010
The Incorporation has decided to continue operating from Ankara to/from Tehran, Dusseldorf, Cologne, Frankfurt and Vienna by Anadolu Jet.
26.03.2010
The Incorporation has decided to continue operating Ankara-İzmir-Ankara route by Anadolu Jet.
26.03.2010
The Incorporation has decided to operate Istanbul-Alexandria-Istanbul route after obtaining the traffic rights.
16.03.2010
There are some news in the media that The Incorporation has been meeting for a strategic partnership with Serbian Airlines, JAT. We would like to announce that, at the present time, there is no Board of Directors’ decision taken regarding a strategic partnership with JAT Airways, however, our Incorporation is open to consider any possible opportunities as part of our growth strategy.
12.03.2010
Ref: Previous announcement dated 10.10.2008
Turkish Technic AŞ, owned 100% by the Incorporation, has decided to sign a contract with YDA Group İnşaat Ticaret ve Sanayi A.Ş., for the completion of the hangar construction at Sabiha Gökçen International Airport within 36 months.
12.03.2010
Traffic results for the period of January-February 2010 are as follows:
During the period of January-February 2010 total passenger carried has increased by 25%, reaching to 3.9 million passengers from 3.1 million passengers for the same period of 2009. International Business Class and Transit passengers increased by 30% and 40% respectively for the same period.
L/F increased by 2,8 point to 69,1%.
ASK with 29% increase reached to 9.3 bn during the period January-February 2010 from 7.2 bn for the same period of 2009.
RPK with 34,5% increase reached to 6.4 bn during the period of January-February 2010 from 4.8 bn for the same period of 2009.
Number of landing 28.604 for the period of January-February 2009 has increased to 34.870 in 2010 (+21,9%).
Cargo/Mail carried during the period of January-February 2010 reached to 45.613 tons from 28.651 tons in 2009 (+59,2%).
05.03.2010
The Incorporation has decided to lease 2 B737-700 aircraft with serial numbers MSN 32419 and 32420 from BOC Aviation Pte. Ltd., to be delivered in March 2010 and April 2010.
05.03.2010
The decision of Air Bosnia to increase its share capital by 8.000.000 KM has been accepted by the Board of Directoros of the Incorporation which has 49% stake. Share capital increase will be paid by the Incorporation per the Incorporation’s share. The total share capital of Air Bosnia will be 26,773,272.70 KM after the mentioned increase.
04.03.2010
Ref: Announcement dated 08.01.2010
Previously we have informed that the first meeting for the negotiations between the Incorporation and Türkiye Sivil Havacılık Sendikası (Hava-İş Union) regarding the 22nd contract period would take place on January 19th, 2010. Because the negotiations started on the given date have, as yet, been unsuccessful due to disagreement on some items, the parties have signed ‘Disaccord Protocol’ on 03.03.2010. Henceforth, the mediator process will start. Both the Incorporation and Hava-Is Union representatives indicated that they believe the mutual understanding and positive attitude up until this date will also continue during the upcoming days.
03.03.2010
Recently some newspapers published articles headed ‘THY is after Polish LOT’, indicating that the Incorporation is planning to acquire LOT Airlines. We would like to announce that there is no Board of Directors’ decision taken regarding the acquisiton of Poland’s national airline LOT, however, our Incorporation is open to consider any possible opportunities as part of our growth strategy and that the Incorporation has no specific motivation for this matter.
02.03.2010
The Incorporation has decided to increase the registered share capital of the Incorporation from 500 Million TL to 2 billion TL and also decided to include establising school and educational institution and also making donations in compliance with the corresponding regulations into the Article 3 Field of Activities of the Incorporation of The Articles of Association. The Incorporation has applied to Capital Markets Board (CMB) for the approval.
26.02.2010
The Incorporation has decided to lease 1 B737-700 aircraft with serial number MSN 34760 from Continuity Air Finance VIII B.V., to be delivered in March 2010.
12.02.2010
The Incorporation has decided to appoint Mr. Turan Erol, Ph.D as the Member of the Board, which will be submitted to the approval of shareholders at the upcoming General Assembly .
Biography of Turan Erol, Ph.D.
Having completed his undergraduate degree in Economics in 1985, graduate degree in 1989, Mr. Turan Erol received his Ph.D. degree in Economics from Netherlands Erasmus University in1996. During 1997-2003, he worked as an Associate Professor and gave lectures in economics and finance at Başkent University. In February 2003, he was appointed to Member of Capital Markets Board of Turkey, he then served as the Acting Chairman of the Capital Markets from December 2004 to June 2007 and as the Chairman from June 2007 to February 2009. Mr. Turan Erol is married with two children.
11.02.2010
Traffic results for the period of January 2010 are as follows:
During the period of January 2010 total passenger carried has increased by 26,0%, reaching to 2.0 million passengers from 1.6 million passengers for the same period of 2009. International Business Class and Transit passengers increased by 31,3% and 46,2% respectively for the same period.
L/F increased by 3,2 point to 68,6%.
ASK with 29,2% increase reached to 4.9 bn during the period January 2010 from 3.8 bn for the same period of 2009.
RPK with 35,6% increase reached to 3.4 bn during the period of January 2010 from 2.5 bn for the same period of 2009.
Number of landing 14.993 for the period of January 2009 has increased to 18.195 in 2010 (+21.4%).
Cargo/Mail carried during the period of January 2010 reached to 21.299 tons from 13.277 tons in 2009 (+60.4%).
04.02.2010
The Incorporation has decided to place firm order of 10 B737-800 and 10 B737-900ER aircraft from Boeing, to be delivered in the year 2011-2014 with an option of additional 15 B737-800/B737-900ER aircraft, to be delivered in the year 2013-2015.
01.02.2010
The Incorporation has decided to continue Istanbul-Lagos route to Accra in 2010, based on aircraft availability.
01.02.2010
The Incorporation has decided to start operating Istanbul-Shiraz-Istanbul route in the year 2010.
01.02.2010
The Incorporation has decided to start operating Istanbul-Sochi-Istanbul route in the year 2010, based on aircraft availability.
01.02.2010
The Incorporation has decided to start operating Istanbul-Washington DC-Istanbul route, based on wide-body aircraft availability.
01.02.2010
The Incorporation has decided to start operating Istanbul-Los Angeles-Istanbul route, based on wide-body aircraft availability.
01.02.2010
The Incorporation has decided to start operating Istanbul-Entebbe-Dar Es Salaam-Entebbe-Istanbul route in the year 2010.
01.02.2010
The Incorporation has decided to start operating Istanbul-Erbil-Istanbul route, upon obtaining the Civil Aviation authorizations.
13.01.2010
Traffic results for the period of January-December 2009 are as follows:
During the period of January-December 2009 total passenger carried has increased by 11,0%, reaching to 25.1 million passengers from 22.6 million passengers for the same period of 2008. International Business Class and Transit passengers increased by 6,2% and 43,4% respectively for the same period.
L/F decreased by 3,1 point to 70,9%
ASK with 22,0% increase reached to 56.5 bn during the period January-December 2009 from 46.3 bn for the same period of 2008.
RPK with 17,0% increase reached to 40.1 bn during the period of January-December 2009 from 34.3 bn for the same period of 2008.
Number of landing 190.277 for the period of Jan-December 2008 has increased to 213.625 in 2009 (+12.3%).
Cargo/Mail carried during the period of Jan-December 2009 reached to 237.783 tons from 198.837 tons in 2008 (+19.6%).
12.01.2010
The Board of Directors decided to establish Vice Presidency (Sales &Marketing). Faruk Çizmecioğlu, Head of Marketing and Sales, has been appointed as Vice President (Sales & Marketing) and first degree signature right has been given to himself.
08.01.2010
The first meeting for the negotiations between the Incorporation and Türkiye Sivil Havacılık Sendikası (Hava-İş Union) regarding the 22nd contract period will take place on January 19th, 2010 at 14:00pm.
05.01.2010
In addition to Auditing Commitee Members, Prof.Dr. Cemal Şanlı and Mehmet Büyükekşi, The Incorporation has appointed Inspection Board Member, İsmail Gerçek, as the Auding Commitee Member, replacing Chairman of the Board, Hamdi Topçu at the Auditing Commitee.
04.01.2010
The Incorporation has decided to purchase 14 Airbus A321-200, 6 Airbus A319-100 aircraft to be delivered in the year 2011-2012 and 10 optional Airbus A319/A321 to be delivered in the year 2013.
...
2009 - Public Disclosures -
18.12.2009
At the Board Meeting on 18.12.2009, Hamdi TOPÇU, Vice Chairman of the Board and Vice Chairman of The Executive Committee, has been appointed as the Chairman of the Board and Chairman of the Executive Committee, effective as of 01.01.2010. Per request of the Privatization Administration of the Prime Ministry, who owns Group C shares, Hamdi Topçu will be representing the Group C shares at the Board Meetings. Member of the Board Prof. Dr. Cemal Şanlı has also been appointed as the Vice Chairman of the Board.
17.12.2009
Dr. Candan KARLITEKİN,Chairman of the Board, has resigned, effective as of 01.01.2010.
16.12.2009
The Incorporation has decided to start operating “Istanbul – Dacca (Bangladesh) - Ho Chi Minh City (Vietnam)” route in the year 2010.
16.12.2009
Traffic results for the period of January-November 2009 are as follows:
During the period of January-November 2009 total passenger carried has increased by 10,3%, reaching to 23 million passengers from 20.8 million passengers for the same period of 2008. International Business Class and Transit passengers increased by 5,0% and 43,1% respectively for the same period.
L/F decreased by 3,4 point to 71,1%
ASK with 21,5% increase reached to 51.3 bn during the period January-November 2009 from 42.2 bn for the same period of 2008.
RPK with 15,9% increase reached to 36.5 bn during the period of January-November 2009 from 31.5 bn for the same period of 2008.
Number of landing 174.407 for the period of Jan-November 2008 has increased to 194.518 in 2009 (+11.5%).
Cargo/Mail carried during the period of Jan-November 2009 reached to 212.302 tons from 183.618 tons in 2008 (+15.6%).
09.12.2009
The Incorporation has decided to lease 1 B737-800 aircraft with serial number MSN 30296 from Wells Fargo Bank Northwest, National Association for 4 years, to be delivered in February 2010.
20.11.2009
The Incorporation has decided to lease 2 B737-700 aircraft with serial number MSN 34299 and 34300 from CIT Aerospace International for 4 years, to be delivered in December 2009.
11.11.2009
Traffic results for the period of January-October 2009 are as follows:
During the period of January-October 2009 total passenger carried has increased by 10.1%, reaching to 20.9 million passengers from 19 million passengers for the same period of 2008. International Business Class and Transit passengers increased by 4.7% and 44.7% respectively for the same period.
L/F decreased by 3.6 point to 71.5%
ASK with 20.9% increase reached to 46.3 bn during the period January-October 2009 from 38.3 bn for the same period of 2008.
RPK with 15.1% increase reached to 33 bn during the period of January-October 2009 from 28.7 bn for the same period of 2008.
Number of landing 158.683 for the period of Jan-October 2008 has increased to 176.459 in 2009 (+11.2%).
Cargo/Mail carried during the period of Jan-October 2009 reached to 186.676 tons from 166.146 tons in 2008 (+12.4%).
09.11.2009
İlgi: 25.02.2008
Previously we have announced that The Incorporation has decided to register ‘’Anadolu Jet’’ based in Ankara to operate domestically which will have low cost and attractive ticket price. In this context, The Incorporation has decided Anadolu Jet to continue its operations as a separate airline company, which will be owned 100% by THY.
30.10.2009
The Incorporation has decided to operate Istanbul-Basra-istanbul route after obtaining the traffic rights.
30.10.2009
The Incorporation has deciden to purchase 2 Airbus cargo aircraft A330-200F which will be received in the second half of the year 2010 and the other in the first half of 2011.
30.10.2009
Ref: Announcement dated 19.06.2009
The Incorporation has decided to exercise it optional right on 3 Airbus A330 aircraft to be delivered in the year 2012.
23.10.2009
The Incorporation has decided lease 2 B737-700, one from MSN 34753 Leasing Limited and one from MSN 34755 Leasing Limited.
13.10.2009
The attached table contains current monthly traffic information of the Incorporation.
13.10.2009
Traffic results for the period of January-September 2009 are as follows:
During the period of Jan-September 2009 total passenger carried has increased by 10.1% reaching to 18,6 million passengers from 16,9 million passengers for the same period of 2008. International Business Class and Transit passengers increased by 3.3% and 43.9% respectively for the same period.
L/F decreased by 4.0 point to 70,9%
ASK with 20.6% increase reached to 41,2 bn during the period Jan-September 2009 from 34,1 bn for the same period of 2008
RPK with 14.2% increase reached to 29,2 bn during the period of Jan-September 2009 from 25,6 bn for the same period of 2008.
Number of landing 141.450 for the period of Jan-September 2008 has increased to 157.633 in 2009 (+11.4%).
Cargo/Mail carried during the period of Jan-September 2009 reached to 162.158 tons from 148.600 tons in 2008 (+9.1%)
06.10.2009
The Incorporation has decided to lease 2 B737-700 aircraft from Celestial Aviation Trading 66 Limited for 6 years.
28.09.2009
The Incorporation has decided to start the Enterprice Resource Planning (ERP) project and accordingly purchase the software needed for the ERP Project and the consulting services throughout the set up process of the project from SAP Türkiye Yazılım Üretim ve Tic. A.Ş. ("SAP"). The main objective to start the ERP Project is to have a data-processing system that will enable the management to make management decisions fastly by speeding up the current work process in the fields of Accounting, Finance, Human Resources and by gathering data instantly both from international and domestic offices.
17.09.2009
Traffic results for the period of January-August 2009 are as follows:
During the period of Jan-August 2009 total passenger carried has increased by 8.6% reaching to 16,6 million passengers from 15,3 million passengers for the same period of 2008. Business Class and Transit passengers increased by 2.0% and 43.9% respectively for the same period.
L/F decreased by 4.2 point to 70,3%
ASK with 17.9% increase reached to 37 bn during the period Jan-August 2009 from 31,4 bn for the same period of 2008.
RPK with 11.3% increase reached to 26 bn during the period of Jan-August 2009 from 23,4 bn for the same period of 2008.
Number of landing 128.253 for the period of Jan-August 2008 has increased to 141.397 in 2009 (+10.2%).
Cargo/Mail carried during the period of Jan-August 2009 reached to 141.333 tons from 129.950 tons in 2008 (+8.8%)
31.08.2009
Ref: Announcement dated 19.12.2008
We have previously announced on 19.12.2008 that our Board of Directors have decided that HAVAŞ will be a %50 partner in TGS Ground Handling Inc.
In this context, the process of basing a partnership under TGS Ground Handling Inc. with the partnership agreement signed between the Incorporation and TGS Ground Handling Inc. has been approved by the Competition Board and is announced on the website of the Competition Board.
14.08.2009
Traffic results for the period of January-July 2009 are as follows:
During the period of Jan-July 2009 total passenger carried has increased by 9.7% reaching to 13,7 million passengers from 12,5 million passengers for the same period of 2008. Business Class and Transit passengers increased by 2.5% and 43.6% respectively for the same period.
L/F decreased by 4.5 point to 69,5%
ASK with 19.7% increase reached to 30,6 bn during the period Jan-July 2009 from 25,6 bn in 2008.
RPK with 12.4% increase reached to 21,3 bn during the period of Jan-July 2009 from 18,9 bn for the same period of 2008.
Number of landing 106.104 for the period of Jan-July 2008 has increased to 118.071 in 2009 (+11.3%).
Cargo/Mail carried during the period of Jan-July 2009 reached to 121.603 tons from 112.520 tons in 2008 (+8.1%)
10.08.2009
The Incorporation has decided to include one A321-200 to its fleet through Financial Lease.
17.07.2009
Traffic results for the period of January-Jun 2009 are as follows:
During the period of Jan-Jun 2009 total passenger carried has increased by 9.1% reaching to 11,2 million passengers from 10,3 million passengers for the same period of 2008. Business Class and Transit passengers increased by 1.5% and 43% respectively for the same period.
L/F decreased by 4.8 point to 68.2%
ASK with 19.1% increase reached to 25.3 bn during the period Jan-Jun 2009 from 21.3 bn in 2008.
RPK with 11.2% increase reached to 17.3 bn during the period of Jan-Jun 2009 from 15.5 bn for the same period of 2008.
Number of landing 88.313 for the period of Jan-Jun 2008 has increased to 98.171 in 2009 (+11.2%).
Cargo/Mail carried during the period of Jan-Jun 2009 reached to 101.645 tons from 94.891 tons in 2008 (+7.1%)
13.07.2009
Ref: Announcement dated 05.10.2007
Previously we have informed that the Incorporation has decided to purchase G550 from Gulfstream Aerospace Corporation. In accordance with the decision of our Board of Directors, Gulfstream G550 aircraft purchased from Gulfstream Aerospace Corporation has been sold to The Prime Ministry.
10.07.2009
We have announced on 03.07.2009 that the Incorporation has decided to start feasibility report for the estabilishment of a jet fuel distribution company with OPET Petrolcülük A.Ş. Thus, at the Board meeting took place on 09.07.2009, the Board of Directors has decided to establish a corporation, 50% owned by Turkish Airlines, with Opet Petrolcülük A.Ş.
10.07.2009
At the Board meeting took place on 09.07.2009, the Board of Directors have decided to:
open İstanbul-Bologna route in 2009 and operate atleast 3 times a week.
open İzmir-Atina route in 2009 and operate 5 times a week.
open İstanbul-Isparta (ISE)-İstanbul route in 2009.
06.07.2009
The Board of Directors have decided to start negotiating with OPET Petrolcülük A.Ş. to estabilish a jet fuel distribution company and feasibility report on the work plan as well as required capital.
23.06.2009
Te Capital Market Board has approved with letter dated 19.06.2009 number 17/456 to increase the paid in capital to 875.000.000.—TL by 400% 700.000.000.—TL of which 150.906.552.76 TL from 2008 net profit and 549.093.447.24 TL from inflation adjustment. We have applied to Istanbul Commercial Regsitrar office on 23.06.2009 .
Shareholders have right to receive 400% bonus shares starting as of June 25th, 2009 for an indefinite period. Shares that are registered at MKK will receive bonus shares through MKK. Shares that are not registered at MKK will be able to receive bonus shares after registered at MKK as per Capital Market Law provision number 6 and Circular number 294, dated 30.01.2008 of MKK.
The Notice to the share holders regarding to the distribution of bonus shares will be published at Hurriyet and Sabah newspapers on June 25th, 2009.
19.06.2009
Incorporation previously announced that the manufacturers Boeing and Airbus are invited to give proposals for the purchase of 25 firm, 10 optional total of 35 Wide Body Long-Haul aircraft with double aisle and 50 firm, 20 optional total of 70 Narrow Body Medium-Haul aircraft with single aisle according to the fleet plan for 2009 – 2023 . Thus, the Board of Directors have decided to purchase 7 firm 3 option total of 10 A330 aircraft from Airbus and 7 B777-300ER from Boeing.
19.06.2009
Incorporation has decided to rent 1 B777-300ER from Delaware Aircraft Lease 2007-B1 LLC as of September 2009 for 25 months.
11.06.2009
Traffic results for the period of January-May 2009 are as follows:
During the period of Jan-May 2009 total passenger carried has increased by 9% reaching to 9 million passengers from 8.3 million passengers for the same period of 2008. Business Class and Transit passengers increased by 3% and 43.3% respectively for the same period.
L/F decreased by 4.7 point to 67.5%
ASK with 18.5% increase reached to 20.6 bn during the period Jan-May 2009 from 17.3 bn in 2008.
RPK with 10.8% increase reached to 13,9 bn during the period of Jan-May 2009 from 12,5 bn for the same period of 2008.
Number of landing 71.930 for the period of Jan-May 2008 has increased to 79.718 in 2009 (+10.8%).
Cargo/Mail carried during the period of Jan-May 2009 reached to 84.830 tons from 77.757 tons in 2008 (+9.13%)
25.05.2009
The Incorporation has given authority to the CEO to prepare feasibility report to establish a JV with Kyrgyzstan Government in order to make Kyrgyzstan Airlines as the flag carrier and has decide to sign a Memorandum of Understanding with Kyrgyzstan Government for the possible JV.
25.05.2009
The Incorporation has decided to start operating from Antalya to/from Stocholm, Paris and Dusseldorf in the year 2009.
25.05.2009
The incorporation has decided to empower the CEO to begin a feasibility report in order to establish a new company to educate well qualified workforce in the field of every aspect of civil aviation (air traffic control, airline financing, technical and operational inspection) where Turkish Airlines will be the majority shareholder. The final feasibility report which will cover business plan, capital structure form, articles of association and all other necessary items shall be presented to the Board of Director for the final approval.
15.05.2009
Re: Annoucement dated 12.12.2008
The Incorporation has announced that 3 B777-300ER are wet-leased for the period of 6 months. However same aircraft will be leased as operational lease from Delaware Aircraft Lease 2007-B1 LLC and Delaware Aircraft Lease 2007-B2 LLC companies as of 15.06.2009, 26.07.2009 and 10.07.2009.
12.05.2009
Re: Annoucement dated 06.05.2009 with number 10033
The Incorporation has applied to Capital Market’s Board (CMB) on 12.05.2009 to receive approval letter from CMB to increase 175.000.000 TL paid-in-capital of the Incorporation by 700.000.000 TL, of which 150.906.552,76 TL (%86,2323) net profit of year 2008, 533.595.132,60 TL capital inflation adjustment difference and 15.498.314,64 TL special funds, total of 549.093.447,24 TL (%313,7677) to 875.000.000 TL.
12.05.2009
Traffic results for the period of January-April 2009 are as follows:
During the period of Jan-Apr 2009 total passenger carried has increased by 9.5% reaching to 6,9 million passengers from 6,3 million passengers for the same period of 2008. Business Class and Transit passengers increased by 5.9% and 45.4% respectively for the same period.
L/F decreased by 3.9 point to 67.2%
ASK with 17% increase reached to 15,9 bn during the period Jan-Apr 2009 from 13,6 bn in 2008.
RPK with 10.7% increase reached to 10,7 bn during the period of Jan-Apr 2009 from 9,7 bn for the same period of 2008.
Number of landing 56.053 for the period of Jan-Apr 2008 has increased to 64.663 in 2009 (+10%).
Cargo/Mail carried during the period of Jan-Apr 2009 reached to 66.443 tons from 61.351 tons in 2008 (+8.3%)
05.05.2009
The Board of Directors have aoppointed Chairman of the Board Mr.Candan KARLITEKIN as the Chairman of the Executive Committee and Deputy Chairman Hamdi TOPÇU as the Deputy Chairman of the Executive Committee, Member of the Board & CEO Dr. Temel KOTIL as the member of the Executive Committee as of 05.05.2009.
05.05.2009
Incorporation has appointed Member of the Board Mr.Hamdi TOPCU as the Deputy Chairman of the Board at the Board meeting on 04.05.2009.
04.05.2009
The Incorporation has decided to continue Istanbul-Singapour network to Jakarta in 2009.
04.05.2009
The Board of Directors decided to replace Vice President (Flight Opration) Mr. Koksal Koktuna with Asaf Ahmed Bora. Mr. Koktuna’s 1. decree signature right has been cancelled and 1. decree signature right has been given to Mr. Bora.
14.04.2009
Traffic results for the period of January-March 2009 are as follows:
During the period of Jan-Mar 2009 total passenger carried has increased by 8.4% reaching to 4,9 million passengers from 4,5 million passengers for the same period of 2008. Business Class and Transit passengers increased by 6.2% and 46% respectively for the same period.
ASK with 14.9% increase reached to 11,4 bn during the period Jan-Mar 2009 from 9,9 bn in 2008.
RPK with 8.8% increase reached to 7,5 bn during the period of Jan-Mar 2009 from 6,9 bn for the same period of 2008.
L/F decreased by 3.7 point to 66.1%
Number of landing 40.740 for the period of Jan-Mar 2008 has increased to 44.570 in 2009 (+9.4%).
Cargo/Mail carried during the period of Jan-Mar 2009 reached to 47.442 tons from 44.595 tons in 2008 (+6.4%)
04.04.2009
The Incorporation has decided to sell 2 A310-300 aircraft to Ariana Afghan Airlines.
25.03.2009
The Incorporation has decided to purchase 5 777-300ER aircraft to be delivered each month starting October 2010 until February 2011.
24.03.2009
The agreement with the labour union Türkiye Sivil Havacılık Sendikası (HAVA-İŞ) for the 21st period has been expired on 31.12.2009. Since the negotiation for the 22nd period has been delayed due to the absence of a necessary majority and problems with authorisation procedures, the incorporation has decided to apply as of January 1, 2009 retroactive pay increase of 6%.
23.03.2009
The Incorporation has decided to terminate Duty Free services agreement signed with Setur Servis Turistik AS as of 31/03/2009, thus there will not be any inflight Duty Free services.
12.03.2009
Traffic results for the period of January-February 2009 are as follows:
During the period of January-February 2009 total passenger carried has increased by 9% reaching to 3,1 million passengers from 2,9 million passengers for the same period of 2008. Business Class and Transit passengers increased by 7.8% and 51% respectively for the same period.
L/F decreased by 1,7 point to 66.2%
ASK with 11.6% increase reached to 7,2 bn during the period January-February 2009 from 6,5 bn in 2008.
RPK with 8% increase reached to 4,8 bn during the period of January-February 2009 from 4,4 bn for the same period of 2008.
Number of landing 26.492 for the period of January-February 2008 has increased to 28.606 in 2009 (+8%).
Cargo/Mail carried during the period of January-February 2009 reached to 28.839 tons from 27.885 tons in 2008. (+3.4%).
25.02.2009
Boeing 737-800 type TC-JGE aircraft which was leased from Perge Aviation Ltd and joined the fleet on 27 march 2002 had an accident during lending to Amsterdam Shipol Airport.
The aircraft has been insured under the fleet insurance policy according to the lease agreement with the terminal value of 41.767.200 USD thru the brokarage firm ALBATROS. The officials from the brokarage firms as well as the lead reassurer Allianz will be at the Amsterdam Shipol Airport tomorrow (26/02/2009) for the appraisal report.
All of the passengers are insured for all the risks. The insurance companies will cover indemnities to the relatives of the passengers passed away and treatment expenses of the injured passengers.
20.02.2009
The Incorporation has decided to purchase one A320 simulator and one A330/A340 simulator which will be delivered 10 and 13 months after the applicable agreements are signed.
17.02.2009
The Incorporation has decided to start operating from Eskişehir (AOE)-Brüksel (BRU) during the year 2009.
13.02.2009
Traffic results for the period of January 2009 are as follows:
During the period of January 2009 total passenger carried has increased by 8.7% reaching to 1,6 million passengers from 1,5 million passengers for the same period of 2008. Business Class and Transit passengers increased by 11.9% and 48.4% respectively for the same period.
L/F decreased by 1,9 point to 65.2%
ASK with 10.3% increase reached to 3,8 bn during the period January 2009 from 3,4 bn in 2008.
RPK with 7.1% increase reached to 2,5 bn during the period of January 2009 from 2,3 bn for the same period of 2008.
Number of landing 13.771 for the period of January 2008 has increased to 14.993 in 2009 (+8.9%).
Cargo/Mail carried during the period of January 2009 reached to 13,330 tons from 13,324 tons in 2008.
10.02.2009
Turkish Airlines Inc, Finance Director Mustafa AYDIN has been appointed to Bosnia Airlines as the CFO and Turkish Airlines Inc Sarajevo Manager Okan ULUOCAK has been appointed to Bosnia Airlines as the Executive Vice President (Commercial).
29.01.2009
The Board of Directors have decided to initiate fuel hedging for 10% of the expected fuel consumption for the year in order to fix expenses and to minimise the negative impact of spot price fluctuatıons on total costs.
26.01.2009
The Incorporation has decided to open Istanbul/Bingazi/Istanbul routes and start operating during the year 2009.
16.01.2009
Traffic results for the period of January- December 2008 are as follows:
During the period of Jan-Dec 2008 total passenger carried has increased by 15% reaching to 22,8 million passengers from 19,6 million passengers for the same period of 2007. Business Class and Transit passengers increased by 23,2% and 41,3% respectively for the same period.
ASK with 11,3% increase reached to 46,3 bn during the period Jan-Dec 2008 from 41,6 bn in 2007.
RPK with 12,9% increase reached to 34,1 bn during the period of Jan-Dec 2008 from 30,2 bn for the same period of 2007.
L/F increased by 1,1 point to 73,8%
Number of landing 170,348 for the period of Jan-Dec 2007 has increased to 189,949 in 2008 (+11,5%).
Cargo/Mail carried during the period of Jan-Dec 2008 reached to 199,006 tons from 183,052 tons in 2007 (+8,7%)
09.01.2009
Incorporation has appointed Mr. Kazım Calıskan as Executive Vice President (HR)
06.01.2009
The Incorporation has appointed Mr. Orhan IKIZ, Executive Vice President (HR) as the Director of Inspection Board and Chief Financial Officer, Mr. Coskun KILIC will be responsible for the position of Executive Vice President (HR) as the Acting EVP (HR).
...
2008 - Public Disclosures
22.12.2008
We have announced on 12/12/2008 that subject to necessary approvals received from the Bosnia Government, the partnership agreement will be signed between the Incorporation and Bosnia Air.
All necessary approvals are received from the Bosnia Government and the Incorpartion became a partner for the 49% of Bosnia Air by signing an agreement today.
19.12.2008
Traffic results for the period of January-November 2008 are as follows:
During the period of Jan-Nov 2008 total passenger carried has increased by 15.1% reaching to 20,8 million passengers from 18 million passengers for the same period of 2007. Business Class and Transit passengers increased by 23.1% and 43.3% respectively for the same period.
ASK with 11.1% increase reached to 42,2 bn during the period Jan-Nov 2008 from 37,9 bn in 2007.
RPK with 13% increase reached to 31,4 bn during the period of Jan-Nov 2008 from 27.8 bn for the same period of 2007.
L/F increased by 1,3 point to %74.9
Number of landing 156,217 for the period of Jan-Nov 2007 has increased to 174,088 in 2008 (+11.4%).
Cargo/Mail carried during the period of Jan-Nov 2008 reached to 183.934 tons from 166.768 tons in 2007 (+10.3%)
18.12.2008
Ref: Letter dated 14.10.2008
We have informed on October 14th 2008 that the Incorporation has decided to invite the manufacturers Boeing and Airbus to bid on 35 wide body and 70 narrow body aircraft to be purchased according to the fleet plan for 2009-2023. As per the manufaturers request the dead line for the proposals to be sent has extended until January 19th, 2009. Any further developments will be shared with public accordingly.
12.12.2008
We have announced on 04.11.2008 that the Government of Bosnia has formed a commission to negotiate in order to finalize the tender and we will be invited by the Commission.
The Board of Directors have decided to sign partnership agreement with Bosnia Air, after the negotiation between the Incorporation and the Commission formed by the Bosnia Government for the finalization of the tender to privatize 49% shares of Bosnia Air.
Subject to necessary approvals received from the Bosnia Government, the partnership agreement will be signed and the Incorporation will owned 49% of Bosnia Air which is the nominal value of 9.198.903, 55 BAM of the Capital.
12.12.2008
The Incorporation has decided to open İstanbul-Çanakkale-İstanbul and İstanbul-Uşak-İstanbul routes and start operating during the year subject to fleet availability.
12.12.2008
The Incorporation has wet leased 3 B777-300ER aircarft for the period of 6 months from Jet Airways (India) Limited. The subject aircraft will be delivered on 15/12/2008, 15/01/2008 and 15/12/2008.
02.12.2008
The Incorporation has decided to open Istanbul-Mashad (MHD)-Istanbul and Istanbul-Goteborg (GOT)-Istanbul routes and start operating in 2009.
27.11.2008
As per decision of the Board of Directors, the Incorporation has decided to lease B737-700 from Celestial Aviation Trading 65 Limited and Celestial Aviation Trading 66 Limited one of each total of 2 B737-700 for the period of 6 years; and from Celestial Aviation Trading 6 Limited 2 B737-700 for the period of 8 years. Total of 4 B737-700 aircraft planned to be delivered in November 2008, January 2009, April 2009 and June 2009.
On the other hand, it was announced on August 1st, 2007 that the lease agreement of 4 B737-400 signed with Celestial Aviation Trading 52 Limited which will expire on 08.12.2008, 15.02.2009, 15.03.2009 and 05.05.2009 will be extended. However, the extension will not take place and subject aircraft will be returned on the expiry date.
14.11.2008
Traffic results for the period of January-October 2008 are as follows:
• During the period of Jan-Oct 2008 total passenger carried has increased by 14.7% reaching to 18.9 million passengers from 16.5 million passengers for the same period of 2007. Business Class and Transit passengers increased by 22.9% and 36.1% respectively for the same period.
• ASK with 10.2% increase reached to 38.2 bn during the period Jan-Oct 2008 from 24.7 bn in 2007.
• RPK with 12.6% increase reached to 28.6 bn during the period of Jan-Oct 2008 from 25.4 bn for the same period of 2007.
• Number of landing 142.835 for the period of Jan 2007 has increased to 158.371 in 2008 (+10.9%).
• Cargo/Mail carried during the period of Jan-Oct 2008 reached to 160.900 tons from 150.204 tons in 2007 (+7.1%)
• L/F increased by 1.6 point to 74.9%
07.11.2008
The Board of Directors have decided to open Istanbul – Nairobi- Istanbul, Istanbul-Lviv –Istanbul routes and start operating during the year 2009, subject to fleet availabilty, as well as open Adana Ercan Adana (AnadoluJet), Ankara Tekirdag/Corlu Ankara (AnadoluJet) routes and start operating in the 2008/2009 winter tariff.
04.11.2008
Ref: Our disclosure dated 12.09.2008
We have been informed that the Government of Bosnia has formed a commission to negotiate inorder to finalize the tender and Mr. Hajro Mihad has been appointed with sole authorization as the head of the commission, who will invite us to start negotiations. The date and place is not known yet, as soon as it’s known we will inform the public accordingly.
13.10.2008
Incorporation has decided to invite the manufacturers Boeing and Airbus for the purchase of 25 firm, 10 optional total of 35 Wide Body Long-Haul aircraft with double aisle and 50 firm, 20 optional total of 70 Narrow Body Medium-Haul aircraft with single aisle according to the fleet plan for 2009 – 2023 which was approved by the Board of Directors.
The tender will be for the A320/A330 and A350 families of Airbus; B737NG/B777 and B787 families of Boeing.
10.10.2008
The Joint Venture Company, established by THY Technic AS and Grup Company of Technologies Corporation Pratt & Whitney under the HABOM Project, has been registered as `THY Technic Aircraft Engine Maintenance Center Limited Corporation` to commercial registrar as of 10.10.2008.
08.10.2008
There are some news taken place in the media stating that “THY A.O. has given the best offer for Air Bosnia tender”. However, THY has not receive any notice regarding to the matter, if such notice is received we will inform the public accordingly.
22.09.2008
Our Board of Director has decided to outsource the Call Center and purchase the service from Assistt and Vodatech companies for 5 years.
15.09.2008
Incorporation has decided to operate between Istanbul-Dakar-Sao Paulo-Dakar during the year 2009 subject to fleet availability.
12.09.2008
Ref: Announcement dated 29.08.2008 with 23898 number
We have announced previously that Turkish Airlines has decided to participate in the privatization of Bosnia Air for 49% of its shares. The Commission has informed us that Turkish Airlines is one of the bidder that will proceed the next procedure and the Commission will evaluate bids submitted until September 29th 2008.
11.09.2008
Ref: Our announcement dated 26.08.2008
We have announced previously that we have sent intention letter to participate in the tender of Austrian Airlines’ privatization. However we have been informed by the agency that our letter reached them later than the announced deadline, therefore the agency unable to include Turkish Airlines into tender procedure.
10.09.2008
Traffic results for the period of January-August 2008 are as follows:
During the period of Jan-August 2008 total passenger carried has increased by 14.9% reaching to 14.9 million passengers from 12.9 million passengers for the same period of 2007. International Business Class and International to International Transit passengers increased by 26.6% and 40.4% respectively for the same period.
ASK with 10.4% increase reached to 30.1 billion in 2008 from 27.3 billion in 2007.
RPK with 13.9% increase reached to 22.5 billion during the period of Jan-August 2008 from 19.8 billion for the same period of 2007.
Load Factor has increased by 2.3 point to 74.9%
Number of landing 112.875 for the period of Jan- August 2007 has increased to 129.279 (+9.2%).
Cargo/Mail carried during the period of Jan-August 2008 reached to 129.279 tons from 118.428 tons (+9.2%)
08.09.2008
The Incorporation has decided to lease 2 A319-100 aircraft for the period of 6 years from Jade Aircraft Leasing Limited and Jasper Aircraft Leasing Limited, one of each.
02.09.2008
The tender opened for the Frequent Flyer Program (FFP) Co-Branded Credit Card, which the agreement signed with Garanti Bankasi AS expiring on 29.10.2008, has been concluded. T. Garanti Bankasi AS has been awarded to issue FFP co-branded credit card for the FFP members of THY for the period of 3 years.
29.08.2008
Our Board of Directors have decided to participate at the Bosna Hersek privatization tender of 49% of its share.
Our Board of Directors have decided to close Istanbul-Strasbourg-Istanbul route which was part of the network since 1992.
Our Board of Directors have decided to operate on Istanbul-Bagdat 3 times a week.
27.08.2008
We have sent official letter to Austrian Airlines informing our interest in the pravitazation tender.
14.08.2008
Ref: Previous disclosure dated 21.07.2008 with 19993 no.
Application is filed today to Istanbul Chamber of Commerce for the registration of new company TGS Ground Handling Inc.
13.08.2008
The Incorporation has decided to lease 1 B737-800 aircraft from Jacksondell Limited Company for the period of 96 months.
13.08.2008
Traffic results for the period of January-July 2008 are as follows:
During the period of Jan-July 2008 total passenger carried has increased by 15.4% reaching to 12, 5 million passengers from 10.8 million passengers for the same period of 2007. International Business Class and International to International Transit passengers increased by 26.5% and 42.9% respectively for the same period.
ASK with 9.4% increase reached to 25.5 billion in 2008 from 23.3 billion in 2007.
RPK with 13.8% increase reached to 18, 8 billion during the period of Jan-July 2008 from 16, 5 billion for the same period of 2007.
Load Factor has increased by 2.9 point to 73.9%
Number of landing 96.612 for the period of Jan-July 2007 has increased to 106.104 (+9.8%).
Cargo/Mail carried during the period of Jan-July 2008 reached to 111.990 tons from 104.054 tons (+7.6%)
Fleet daily utilization of 10:51 hours in Jan-July 2007 increased to 11:47 hours in Jan-July 2008.
31.07.2008
The Incorporation has decided to lease 1 B737-800 aircraft from Izadell Limited Company for the period of 96 months.
30.07.2008
According to the media, THY has interest in %43 of Austrian Airlines’ share which is subject to sale by Austrian Government under the privatization process. THY or Austrian Airlines has not sent any proposal regarding to the purchase/sale of such shares. However, if such proposal received, it will be evaluated by THY.
21.07.2008
The Board of Directors has decided to;
Establish a Ground Handling Company with the majority of shares belong to Turkish Airlines and all necessary paper work and feasibility report regarding to the initial capital amount, articles of association and all other documents to be prepared by the General Management to be final approved by the Board of Directors,
Receive a consultant service under the Enterprise Risk Management to create risk strategies, define risk limits, form an active risk management system and implement risk culture.
15.07.2008
Traffic results for the period of January-June 2008 are as follows:
During the period of Jan-Jun 2008 total passenger carried has increased by 15.4% reaching to 10,3 million passengers from 8,9 million passengers for the same period of 2007. Business Class and Transit passengers increased by 26.4% and 45.3% respectively for the same period.
ASK with 9.6% increase reached to 21,2 billion in 2008 from 19,4 billion in 2007.
RPK with 14.4% increase reached to 15,5 billion during the period of Jan-Jun 2008 from 13,5 billion for the same period of 2007.
Load Factor has increased by 3 point to 72.9%
Number of landing 80.396 for the period of Jan-Jun 2007 has increased to 88.315 (+9.8%).
Cargo/Mail carried during the period of Jan-Jun 2008 reached to 94.506 tons from 88.431 tons (+6.9%)
Fleet daily utilization of 10:38 hours in Jan-Jun 2007 increased to 11:37 hours in Jan-Jun 2008.
15.07.2008
The Board of Directors has decided to open a tender to replace the agreement signed between Garanti Bank and the Incorporation regarding to the Frequent Flyer Program Co-Branded credit card which will be expiring on 29.10.2008.
09.07.2008
Incorporation has decided to operate 3 times a week betwen Istanbul-Sinop(SIC) starting as of Summer 2008 tariff.
12.06.2008
Traffic results for the period of January-May 2008 are as follows:
During the period of Jan-May 2008 total passenger carried has increased by 15.6% reaching to 8,2 million passengers from 7,2 million passengers for the same period of 2007. Business Class and Transit passengers increased by 26.2% and 53.1% respectively for the same period.
ASK with 9.8% increase reached to 17,3 billion in 2008 from 15,8 billion in 2007.
RPK with 14.9% increase reached to 12,3 billion during the period of Jan-May 2008 from 10,9 billion for the same period of 2007.
Load Factor has increased by 3.2 point to 72.2%
Number of landing 65.260 for the period of Jan-May 2007 has increased to 71.934 (+10.2%).
Cargo/Mail carried during the period of Jan-May 2008 reached to 77.735 tons from 72.782 tons (+6.8%)
Fleet daily utilization of 10:21 hours in Jan-May 2007 increased to 11:24 hours in Jan-May 2008.
05.06.2008
Incorporation has decided to operate Istanbul-Ufa (Russia) and Istanbul-Samara (Russia) in Internatıonal routes; İstanbul-Amasya ve Ankara-Denizli (with AnadoluJet) in Domestic routes starting as of 2008 summer tariff.
20.05.2008
According to the reorganization of Incorporation, the Board of Directors has decided to cancel Vice President (Ground Operation) division and Director of Ground Operation (Istanbul). The department of Director of Ground Operation (Istanbul) will be reporting to the Director of Ground Operation which will report directly to the general Manager. The Director of Catering under Vice President (Ground Operation) together with its departments will be reporting to the Vice President (Commercial).
20.05.2008
The Privatization of Administration has informed the Incorporation that, the law suite action taken by HAVAS to the Privatization Administration regarding to the SPO of the Incorporation’s 25% of its shares stating that selling 25% of the Incorporation will automatically mean the privatization of THY Teknik AS has been finalized and Council of State 13th Division has decided for dismissal of action with the file number 2006/2376.
16.05.2008
Traffic results for the period of January-April 2008 are as follows:
During the period of Jan-Apr 2008 total passenger carried has increased by 14.8% reaching to 6.286.177 passengers from 5.475.308 passengers for the same period of 2007. Business Class and Transit passengers increased by 25% and 20% respectively for the same period.
ASK with 9.9% increase reached to 13.559 million in 2008 from 12.334 million in 2007.
RPK with 14.4% increase reached to 13.559 million during the period of Jan-Apr 2008 from 8.411 million for the same period of 2007.
Number of landing 50.448 for the period of Jan 2007 has increased to 55.806 (+10.6%).
Cargo/Mail carried during the period of Jan-Mar 2008 reached to 61.641 tons from 57.385 tons (+7,4%)
Fleet increased by 3% to 102 aircraft.
Fleet daily utilization of 10:07 hours in Jan-Apr 2007 increased to 11:14 hours in Jan-Apr 2008.
28.04.2008
In addition to Cemal Sanli and Hamdi Topcu, Incorporation has decided the Board Member Mehmet Buyukeksi to replace previous Board Member Atilla Oksuz at the Audit Committee, also replace the member of Corporate Governance Committee Mehmet Buyukeksi and Cemal Sanli with Muzaffer Akpinar and Orhan Birdal.
21.04.2008
The Board of Directors have decided to appoint Candan Karlitekin as the Chairman, Hamdi Topcu as the Deputy Chariman and cancel the signing authority of Huseyin Atilla Oksuz as the Member of the Board and Mr. Candan Karlitekin, Chairman of the Board, Mr. Hamdi Topcu, Deputy Chairman of the Board and Temel Kotil, General Manager and Member of the Board will continue to hold the position as the Executive Committee Members with the same terms.
14.04.2008
Incorporation has decided to open Istanbul Birmingham (BHX) and Ankara –Samsun routes in 2008 summer tariff 3 times a week subject to fleet availability.
14.04.2008
Ref: Previous letter dated 03.2008
The tender that we have informed previously regarding to the Ramp Handling and Passenger Traffic services has been finalized and contract for Trabzon, Van, Diyarbakır, Erzurum, Malatya, Samsun, Mardin, Erzincan, Hatay, Kahramanmaraş, Denizli airports has been given to Çelebi Hava Servisi A.Ş.; Dalaman, Bodrum, Gaziantep, Kayseri, Ş. Urfa, Adıyaman, Batman, Elazığ, Konya, Muş, Sivas airports has been given to Havaş Havaalanları Yer Hizmetleri A.Ş. for the period of 3 years, at the sole discretion of the incorporation the contract can be extended additional 2 years with a total of 5 years.
11.04.2008
Traffic results for the period of January-March 2008 are as follows:
During the period of Jan-Mar 2008 total passenger carried has increased by 15.8% reaching to 4.540.602 passengers from 3.922.515 passengers for the same period of 2007. Business Class and Transit passengers increased by 31% and 21% respectively for the same period.
ASK with 9.9% increase reached to 9.911 million in 2008 from 9.019 million in 2007.
RPK with 15.1% increase reached to 6.936 million during the period of Jan 2008 from 6.026 million for the same period of 2007.
Number of landing 35.996 for the period of Jan 2007 has increased to 39.995 (+11.1%).
Cargo/Mail carried during the period of Jan-Mar 2008 reached to 44,871 tons from 41,631 tons (+7,8%)
Fleet increased by 3% to 103 aircraft.
Fleet daily utilization of 09:43 hours in Jan-Mar 2007 increased to 10:55 hours in Jan-Mar 2008.
21.03.2008
During the Board Meeting on 21.03.2008 Incorporation has decided to hold General Assembly Meeting on 17.04.2008 Thursday at 14:00 pm at its Head Quarter located at Ataturk Airport, Yesilkoy/Istanbul discuss and vote on its 2007 operation and financial results.
21.03.2008
Incorporation has decided to transfer the contract of Bilal Eksi, Vice President (Ground Operation) to THY Technic AS, and appoint Vice President (Finance) Coskun KILIC as Acting VP (Ground Operation)
19.03.2008
19.03.2008 Ref: Previous announcements dated 16.05.2006 and 24.07.2006 As part of the Investigation started by the USA Ministry of Finance, antitrust division regarding to air cargo price fixing simultaneously in the States and Europe, Incorporation has informed the USA antitrust division that THY has not involved in any price fixing and the matter is being followed by our lawyers in USA.
19.03.2008
Our Board of Directors decided to
Start operating between Antalya (AYT)-Moskova (SVO) and Ankara-Tahran (IKA) beginning with 2008 summer tariff,
Start operating with AnadoluJet between Ankara-Hatay-Ankara with 2008 summer tariff 4 times week subject to fleet availability,
Parallel to Airbus A330/340 fleet expansion purchase one A330/A340 Flight Simulator to train A330/A340 pilots.
13.03.2008
Traffic results for the period of January-February 2008 are as follows:
During the period of Jan-Feb 2008 total passenger carried has increased by %12,6 reaching to 2.888.685 passengers from 2.564.734 passengers for the same period of 2007
ASK with 3.6% increase reached to3.427 million in 2008 from 3.308 million in 2007
RPK with 7% increase reached to 2.313 million during the period of Jan 2008 from 2.162 million for the same period of 2007.
Number of landing 13.000 for the period of Jan 2007 has increased to 14.000 (+7.8%).
Cargo/Mail carried during the period of Jan 2008 reached to 13.000 tons from 111.400 tons (+14.1%)
22.02.2008
It was announced on 03.01.2008 that Incorporation decided to introduce new product which will be based in Ankara to operate domestically with full economy B737–400 aircraft, which will have low cost and attractive ticket price. In this context, Incorporatıon has decided the register “AnadoluJet” and operate 6 B737–400 aircraft under “AnadoluJet” logo based in Ankara for domestic flights. Furhtermore, Ankara-Hatay route will be opened and operated by AnadoluJet.
22.02.2008
Incorporation has decided to give Memorandum of understanding to Air Bosna, which has been announced a partial privatization, on the Board of Directors meeting took place on n 22.02.2008.
13.02.2008
Traffic results for the period of January 2008 are as follows:
During the period of Jan 2008 total passenger carried has increased by 7.5% reaching to 1.470.000 passengers from 1.370.000 passengers for the same period of 2007
ASK with 3.6% increase reached to3.427 million in 2008 from 3.308 million in 2007
RPK with 7% increase reached to 2.313 million during the period of Jan 2008 from 2.162 million for the same period of 2007.
Number of landing 13.000 for the period of Jan 2007 has increased to 14.000 (+7.8%).
Cargo/Mail carried during the period of Jan 2008 reached to 13.000 tons from 111.400 tons (+14.1%)
11.02.2008
Incorporation has decided to oparete 3 days a week to/from Istanbul – Halep- Istanbul during the 2008 summer tariff according to the fleet position.
31.01.2008
Incorporatıon has decided to outsource Ground Handling and Ramping services given by the companies who has A Type Licence at the airports Trabzon, Dalaman, Bodrum, Diyarbakır, Erzurum, Gaziantep, Kayseri, Samsun Van and Malatya; as well as ground handling and ramping services given by us an/or GSA at the airports Mardin, Sivas, Şanlıurfa, Adıyaman, Ağrı, Batman, Denizli, Elazığ, Erzincan, Hatay, Kahramanmaraş, Konya, Muş for a period of 3 yearsö starting in year 2008.
18.01.2008
Incorporation has decided to operate to Toronto, Washington and Sao Paulo for long haul; for medium haul from Istanbul to Halep (Syria) Birmingham (UK), Lahore (Pakistan) Atrau (Kazakhstan), Oran ((Algeria), Lvov (Ukraine), Ufa (Russia) ve İskenderiye (Egypt) in 2008. Based on the arrival date of each new aircraft, exact date of openning each destination will be informed accordingly.
17.01.2008
Traffic results for the period of January – December 2007 are as follows:
During the period of Jan-Dec 2007 total passenger carried has increased by 15.9% reaching to 19.6 million passengers from 16.9 million passengers for the same period of 2006.
ASK with 12.7% increase reached to 41.618 million in 2007 from 36.933 million in 2006
RPK with 19.3% increase reached to 30.268 million during the period of Jan-Dec 2007 from 25.379 million for the same period of 2006.
Number of landing 151 thousands for the period of Jan- Dec 2006 has increased to 168 thousands (+10.7%).
Cargo/Mail carried during the period of Jan-Dec 2007 reached to 180 thousand tons from 160 thousand tons (+12.8%)
07.01.2008
Ref: Previous announcement dated 06/06/2007 with 14860 number
THY Teknik AS has signed a Joint Venture agreement with Pratt&Whitney which is a group company of United Technologies Corportain on 07/01/2008 regarding to the establishment of an engine repair center under the HABOM Project.
04.01.2008
Ref: Previous announcement 5/12/2005 dated, 26153 numbered
Starting as of Summer 2008 tariff, Incorporation will introduce new service from Ankara with full economy B737-400 aircraft, which will have low cost and attractive ticket price.
04.01.2008
Ref: Previous announcement 5/12/2005 dated, 26153 numbered
Starting as of Summer 2008 tariff, Incorporation will introduce new service from Ankara with full economy B737-400 aircraft, which will have attractive ticket price.
...
2007 - Public Disclosures -
31.12.2007
The Board of Directors has decided to lease 2 A340/300 from ILFC for a period of 72 months starting from February 2008 and April 2008.
13.12.2007
Traffic results for the period of January – November 2007 are as follows:
During the period of Jan-Nov 2007 total passenger carried has increased by 16.3% reaching to 18 million passengers from 15.5 million passengers for the same period of 2006.
ASK with 13% increase reached to 37.998 million from 33.620 million
RPK with 19.8% increase reached to 27.820 million during the period of Jan-Nov 2007 from 23.228 million for the same period of 2006.
Number of landing which were 139 thousands for the period of Jan- Nov 2006 has increased to 145 thousands (+13.5%).
Cargo/Mail carried during the period of Jan-Nov 2007 reached to 164 thousand tons from 145 thousand tons (+13.5%)
13.11.2007
Traffic results for the period of January – October 2007 are as follows:
During the period of Jan-Oct 2007 total passenger carried has increased by 16.6% reaching to 17 million passengers from 14 million passengers for the same period of 2006.
ASK with 13.1% increase reached to 34.715 million from 30.705 million
RPK with 19.7% increase reached to 25.469 million during the period of Jan-Oct 2007 from 21.274 million for the same period of 2006
Number of landing which were 127 thousands for the period of Jan- Oct 2006 has increased to 141 thousands (+11.1%).
Cargo/Mail carried during the period of Jan-Oct 2007 reached to 148 thousand tons from 130 thousand tons (+14%)
06.11.2007
Ref: 06 June 2007dated and 14860 no announcement
The Incorporation has decided to sign a Memorandum of Understanding on November 8th 2007 with Goodrich Aerostructures (Rohr, Inc.), subsidiary of Goodrich Corporation to establish a Joint Venture Company for the maintenance and repair on Nacelle ve Thrust Reverser under the HABOM Project.
18.10.2007
Ref: 24.04.2007 dated announcement
One B–738 aircraft which was ACMI based wet leased by the incorporation for the period of 6 months has been extended for another 6 months by the incorporation.
11.10.2007
Traffic results for the period of January – September 2007 are as follows:
During the period of Jan-Sep 2007 total passenger carried has increased by 15.5% reaching to 15 million passengers from 13 million passengers for the same period of 2006.
ASK with 13.3% increase reached to 31.063 million from 27.413 million
RPK with 18.8% increase reached to 22.693 million from 19.097 million during the period of Jan-Sep 2007.
Number of landing which were 113 thousands for the period of Jan- Sep 2006 has increased to 126 thousands (+10.9%).
Cargo/Mail carried during the period of Jan-Sep 2007 reached to 132 thousand tons from 115 thousand tons (+14.4%)
05.10.2007
The Board of Director has decided to purchase one Gulfstream G550 aircraft from the manufacturer Gulfstream Aerospace Corporation to be delivered on the first quarter of 2009.
03.10.2007
Due to resignation of Executive Vice President (Flight Operations) Mr. Ilhami Uslay, our Board of Director has appointed Mr. Ismail Koksal as the Executive Vice President (Flight Operations).
14.09.2007
Traffic results for the period of January – August 2007 are as follows:
During the period of Jan-Aug 2007 total passenger carried has increased by 16.6% reaching to 13 million passengers from 11 million passengers for the same period of 2006.
ASK with 14.6% increase reached to 27.340.420.000 from 23.858.096.000 and RPK with 20% increase reached to 19.849.737.000 from 16.543.061.000 during the period of Jan-Aug 2007.
Number of landing which were 98.904 for the period of Jan- Aug 2006 has increased to 111.034 (+12.3%).
116 thousand ton (+15.3%) ton Cargo/Mail carried during the period of Jan-Aug 2007.
29.08.2007
Traffic results for the period of January – July 2007 are as follows:
During the period of Jan- Jul 2007 total passenger carried has increased by 17.7% reaching to 10.9 million passengers from 9.2 million passengers for the same period of 2006.
ASK with 16.5% increase reached to 23.376.798.000 from 20.061.405.000 and RPK with 21.5% increase reached to 16.619.457.000 from 13.677.683.000 during the period of Jan-Jul 2007.
Number of landing which were 83.416 for the period of Jan- Jul 2006 has increased to 94.993 (+13.9%)
102.289 (+16.4%) ton Cargo/Mail carried during the period of Jan-Jul 2007.
27.08.2007
Ref: 27.08.2007dated, 21709 number announcement
As we have informed on August 28th the incorporation has agreed with the HAVAS Union for the 21st contract period. Starting as of January 1th 2007;
For the first year: 10% increase on wages Furthermore 50TL and 30 TL flat amount will be added to wages.
For the fisrt 6 months of the second year: There will be 3% increase on the wages as of 31th of December 2007. However if the inflation rate is above 3% then the difference will be paid on the second half of the year.
For the second half of the year? There will be 4% increase on the wages as of July 1st 2008. If the inflation rate is above 4% then the difference will be applied to the wages as of January 1st 2009.
27.08.2007
Three A320/200 existing aircraft’s lease agreements have been extended for 6 more years starting the original end of agreement as of 30.03.2009, 30.04.2009 and 30.05.2009
27.08.2007
The Incorporation has agreed with the HAVAS Union regarding to the 21st contract period. The details of the agreement will be informed afterwards,
21.08.2007
Our Board has decided to lease two A330/200 aircraft from Celestial Aviation Trading 45 Limited for 8 years to be delivered in February 2009
03.08.2007
It was notified previously that the strike and lockout notifications have been exchanged between the Incorporation and Hava-Is union.
Thus, The Ministry of Labour and Social Security has informed us with the letter dated August 3, 2007 that personnel of the Incorporation has requested to vote on strike and number of personnel who sent the request complying with the necessary ratio requested by the law, therefore the voting procedure will start on August 8th, 2007 at 12:00 o’clock and end on August 9th, 2007 at 17:00 pm.
01.08.2007
The Incorporation by signing a lease extension agreement with Celestial Aviation Trading 52 Limited for 6 Boeing 737-400 which were leased on 09.04.1993, 09.04.1993, 16.04.1993, 06.05.1993, 18.05.1993 and 16.06.1993 has extended the lease period for another 5 years starting from expiry dates 08.01.2009, 08.12.2008, 15.02.2009, 05.05.2009, 17.01.2009 and 15.03.2009 respectively.
30.07.2007
Traffic results for the period of January – June 2007 are as follows:
During the period of Jan-Jun 2007 total passenger carried has increased by 19.4% reaching to 8.9 million passengers from 7.4 million passengers for the same period of 2006. Number of Landing which was 68.648 for the period of Jan- Jun 2007 has increased to 79.005 (+15.1%) change for the same period of 2006. ASK with 17.8% increase reached to 19.392.558.000' from 16.460.921.000 and RPK with 23.3% increase reached to 13.575.712.000 from 11.014.017.000 during the period of Jan-Jun 2007.
75.078 ton Cargo/Mail carried in 2006 increased by 15.7% to 86.882 ton for the same period of 2007.
25.07.2007
By the request of the Board Members of the Incorporation, Hava-Is union representatives and the Board members of Turkish Airlines had a meeting today @ 12:00 noon, at THY’s General Administration Building to discuss the items that are subject to conflict between the parties.
THY’s officers had given their final offer on some of the open items to Hava-Is union representatives. Hava-Is union representatives indicated that they will let their decision to be known after evaluating the proposal with their authorized committee.
On the other hand, in accordance with the Strike and Lockout Law, Article 27 which states "Employer who is the party to disagreement can decide to lockout within the 6 (six) business day after the strike notice has been served by the Union” , the Board of Directors had decided to exercise lockout right, in case of any possible strike.
20.07.2007
In accordance with the law # 2822Hava-Is union gave strike notification on July 20, 2007 . However, this notification does not mean the beginning of an actual strike. Hava-Is union could go to strike within 60 days, by notifying the incorporation in writing by Notary Public, when actual strike will be effected 6 business days prior to actual strike date.
18.07.2007
Because of the media attention given to the strike and lockout notifications exchanged between the union and Turkish Airlines, the need has arisen to inform our valued customers of the following:
The negotiations between Turkish Airlines management and the Hava-Is Union management have, as yet, been unsuccessful in reaching a new agreement. In accordance with labor law, the union gave a strike notice to Turkish Airlines on July 20, 2007. Similarly, in accordance with labor law, Turkish Airlines gave notice to the union that a strike would result in the imposition of a lockout. At present, neither a strike nor lockout is definite. The strike notification is the union’s official method to alert Turkish Airlines that it will exercise its right to strike if an agreement cannot be reached. While negotiations are continuing, all Turkish Airlines flights will operate as scheduled.
07.07.2007
Incorporation has signed an extension lease agreement with the Lessor Airplanes Finance Limited for 3 B737-400 aircraft leased on 03.02.1992, 02.03.1992 and 10.06.1992 for a period of 5 years after the lease expire dates 02.02.2008, 01.05.2008 and 09.04.2008 respectively.
03.07.2007
The negotiation between the Incorporation and HAVA-IS union regarding to the 21st contract period still continues. The incorporation has requested a meeting from HAVA-IS union on July 5th, 2007 at 14:00 p.m. The incorporation will introduce its proposal regarding to the issues on salary and other disputed benefits.
18.06.2007
It was decided by the Board of Directors to start operating between Erzurum (ERZ)-Bursa (YEI)-Erzurum (ERZ), Ankara (ESB)-Basel (BSL)-Ankara during the Summer of 2007.
06.06.2007
We have announced on 1st of December 2006 that THY Technic A.S., which is owned 100% by THY, has signed Memorandum of Understanding (MOU) with Pratt&Whitney, which is one of the group corporations of United Technologies Corporation, to establish a JV repair center at Sabiha Gokcen Airport if the negotiation has finalized within the 6 months period. An extension agreement has been signed on June 6th, 2007 between the parties to extend the negotiation period until December 31st 2007.
07.05.2007
The Board of Directors have decided to sell the shares of USAS (Ucak Servisi A.S.) which is the 3% of USAS’s capital share with face value of 1,026,000 TL. The authorization to complete the sale has given to the General Manager.
25.04.2007
As per the resolutions accepted at the Ordinary General Assembly meeting held on April 24th, 2007, the Board of Directors have decided;
According to the Articles of Associations of the company Clause 13, Member of the Board Mr. Hamdi TOPCU has been assigned as the Deputy Chairman of the Board.
According to the Article of Associations of the company Clause 15, Mr. Candan Karlitekin, Chairman of the Board, Mr.Hamdi Topcu, Deputy Chairman of the Board and Temel Kotil, General Manager and Member of the Board will continue to hold the position as the Executive Committee Members with the same terms and conditions.
24.04.2007
The Board of Directors have decided to lease, on ACMI base, one B737 for the period of 6 months to be utilized during the summer of 2007.
24.04.2007
The Board of Directors have decided to restart the operation between Istanbul-Johannesburg-Cape Town 3 times a week, starting as of September 15th, 2007.
24.04.2007
Ordinary General Assembly Meeting took place on April 24th , 2007 and the following decisions have been taken
Both of the balance sheets and statements of profit/loss of 2006, one of which was prepared in accordance with the uniform accounting system and indicated a net profit of 45.634.623 New TRL and the other which was prepared in accordance with the Capital Markets Board legislation and indicated a net profit of 185.749.426 New TRL were voted separately and approved unanimously by the participants in accordance with the proposal submitted by the representatives of the Privatization Administration, subject to the issues which may be raised in the reports to be prepared by the Supreme Audit Board of Prime Ministry and other auditing and inspection bodies are reserved.
The balance sheet and profit/loss calculations made in accordance with the Capital Markets Board legislation which was used as the basis of distribution of the profit and the decision of the Board of Directors which resolved to set off the profit of the 2006 (New TRL 185.749.426) with the losses of the previous years and not to distribute any profit was submitted and accepted unanimously.
The release of the members of the Board of Directors and the Board of Auditors were unanimously accepted by the participants.
The resolution of the Board of Directors for selection of DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Delloitte Touche) as the Independent Audit Institution was accepted unanimously by the participants in order to conduct independent audit service for the years 2007 and 2008 in accordance with the provisions of Capital Markets Law No. 2499.
The regulations of Capital Markets Board, the application of IFRS (International Financial Reporting Standards) as the accounting standards set starting from 01.01.2007 instead of the Communiqué of the of Capital Markets Board Serial XI No.25 was accepted unanimously by the participants.
The proposal submitted by the representatives of the Privatization Administration was read. The candidates for members of the Board of Directors determined by the proposal of Privatization Administration and by the internal voting of the free float shareholders have been submitted to the approval of the General Assembly. Mr. Candan KARLITEKIN (as the Chairman and the representative of the C Group Share), Mr. Hamdi TOPÇU, Mr. Temel KOTİL, Mr. Cemal ŞANLI, Mr. Mehmet BÜYÜKEKŞİ, Mr. Hüseyin Atilla ÖKSÜZ (as the representative of the free float A Group shareholders) and Mr. Muzaffer AKPINAR (as the representative of the free float A Group shareholders), were elected as the members of the Board of Directors by the unanimous votes of the attendants.
The proposal submitted by the representatives of the Privatization Administration was read. The candidates for members of the Board of Auditors determined by the proposal of Privatization Administration and by the internal voting of the free float shareholders have been submitted to the approval of the General Assembly. Mr. Naci AĞBAL, Mr. Ateş VURAN (as the representative of the free float A Group shareholders), and Mr. İsmail GERÇEK (as the representative of the free float A Group shareholders), were elected as the members of the Board of Auditors by the unanimous votes of the attendants.
Chairman of Assembly informed the shareholders that no donation was made within 2006 in accordance with the letter of the Capital Markets Board dated 27.02.2004 and numbered 3253 and has informed the General Assembly about the profit distribution policy of the Incorporation in 2007 and in the forthcoming years.
The Minutes of the Meeting and the attendance list are attached.
16.04.2007
The Board of Directors have decided to lease one A330-200 aircraft on ACMI base to be utilized during the summer of 2007 for the period of 6 months, starting as of June 15th 2007'till December 15th, 2007.
13.04.2007
Traffic results for the period of January – March 2007 are as follows:
During the period of Jan-Mar 2007 total passenger carried has increased by 24.3% reaching to 3,9 million passengers from 3.1 million passengers for the same period of 2006. Number of Landing which was 30,677 for the period of Jan- Mar 2007 has increased to 35,996 (+17.3%) change for the same period of 2006. ASK with 20% increase reached to 9.019.315.000 from 7.516.640.000 and RPK with 27,8% increase reached to 6.039.561.000 from 4.724.637.000 during the period of Jan-Mar 2007. 35.803 ton Cargo/Mail carried in 2006 increased by 3,6% to 40.687 ton for the same period of 2007.
03.04.2007
Board of Directors have decided that to hold Ordinary general Assembly meeting to take place on April 24th, 2007 at 14:00 pm, at the Head office located at General Management Building, Ataturk Airport, Yesilköy, Bakirköy-Istanbul.
Besides the following articles, ordinary agenda will be discussed
• To set off the profit of 2006 with the losses of previous years and not to distribute any profit in accordance with the resolution of the Board of Directors.
• To accept the application of IFRS (International Financial Reporting Standards) as the accounting standards set starting from 01.01.2007 instead of the Communiqué of the of Capital Markets Board Serial XI No.25.
06.03.2007
The Board of Directors have decided at the meeting took place on March 5th, 2007 to market search in order to lease, up to 8 Airbus A319 and 3 Airbus A330 or A340.
06.03.2007
At the meeting took place on March 5, 2007, the Board of Directors of the incorporation have decided to initiate a market for leasing upto 8 Airbus 319 aircraft and upto 3 Airbus 330 or Airbus 340.
06.03.2007
The union contract for the 20th period which was signed between the incorporation and HAVA-IS union has ended on 31 December 2006. The first meeting for the negotiations regarding to the 21st contract period will take place on March 16th, 2007 at 10:00 am. Any progress on the matter will be announced accordingly.
26.02.2007
The Board of Directors have decided at the meeting took place on February 23rd, 2007 to open new routes as Istanbul-Nevsehir (NAV), Istanbul-Batum, Yenisehir-Trabzon and Istanbul-Eskisehir (AOE).
Furthermore, Director of Production Planning, Orhan SİVRİKAYA, who had management responsibilities in various departments since 1991 and currently Acting Vice President of Commerce has been appointed as the Vice President of Commerce.
16.02.2007
Traffic results for the period of January - December 2006 are as follows.
During the period of Jan-December 2006 total passenger carried has increased by 19,4% reaching to 17 million from 14 million for the same period of 2005.
Number of Landing which was 125,992 for the period of Jan-December 2005 has increased to 152,536 with 21.1% increase for the same period of 2006. ASK with 23,9% increase reached to 36,933,907,000 from 29,804,876,000 and RPK with 19% increase reached to 25,382,750,000 from 21,332,774,000 during the Jan-December 2006 period.
144,974 ton Cargo/Mail carried in 2005 increased by 10.3% to 159,873 ton for the same period of 2006.
...
2006 - Public Disclosures
15.12.2006
Corporation has signed its first code share agreement with Lufthansa under the preliminary agreement signed with Star Alliance. As a result of the agreement current 100 destinations of the Corporation will be increased to 231. Code share flights will take place between two country and flight schedules will be compatible with each other according to the first agreement signed with Lufthansa one of the Star Alliance member, which will be effected in 2007 Summer Schedule on March 25th, 2007. The agreement will benefit THY’s passenger by providing more frequency and more destinations from Frankfurt, Munich, Istanbul and Ankara. Frequent Flyer members of both airlines will be able to earn and use the miles at both airlines.
Furthermore, THY passengers will have opportunity to fly to Atlanta, Boston, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, Philadelphia, Portland, San Francisco, Washington, Charlotte in North America and later on to many destinations in Far East, Middle East and Europe. Passengers of Lufthansa will have opportunity to fly to 27 destinations such as Bishkek, Karachi, Tashkent, Duşanbe, Damascus, Tabriz and later to Turkiye, Near East and Middle East.
01.12.2006
THY Technic, which is owned 100% by THY, has signed Memorandum of Understanding (MOU) with Pratt & Wittney, which is one of the group corporations of United Technologies Corporation, to establish a engine repair center at Sabiha Gokcen Airport. According to the MOU JV will be established if the negotiation has finalized with in the 6 months period. The Center is planning to be in operation in 2008 if JV has established in due time.
19.10.2006
The Board of Directors has decided to assign its 3 thousand seats to University students on domestic flights within the 29 destinations on the 83rd Anniversary of the establishment of The Republic of Turkey. Accordingly, round trip ticket will be issued to 1500 first university students who will call to our 444 0 849 reservation number as of October 20th, 2006 @ 15:00 local time. University students who are lucky to receive ticket can only use it betweent October 29 – November 5, 2006.
18.10.2006
Traffic results for the period of January - September 2006 are as follows.
During the period of Jan-Sep 2006 total passenger carried has increased by 18.6% reaching to 12.817.127 from 10.809.564 for the same period of 2005.
Number of Landing which was 94.533 for the period of Jan-Sep 2005 has increased to 113.483 (+20%) change for the same period of 2006 . ASK with 23.2% increase reached to 27.412.247.000 from 22.244.449.000 and RPK with 16.9% increase reached to 19,107,131,000 from 16,349,286,000 during the Jan-Sep 2006 period.
103,889 ton Cargo/Mail carried in 2005 increased by 10.6% to 114.913 ton for the same period of 2006.
17.10.2006
Our Board of Directors has decided to sign `Transfer of Assets Agreement` as the guarantor whcih will be signed between THY Do & Co Catering Service AS and USAS. THY Do & Co Catering Service AS will pay to USAS 68.000.000 TL (VAT not included) according to the `Transfer of Assets Agreement`. USAS will continue its operations,except airline catering operation, with its remaining assets and personnel.
05.10.2006
MOU was signed with Singapore Technologies Aerospace (ST Aerospace) to start negotiations and discussions regarding to the MRO Center (HABOM) which will be established at Pendik Kurtköy Sabiha Gökçen Airport.
However since JV Agreement is not signed with in the 12 months period after the MOU is signed, MOU has no longer valid according to the applicable articles of the MOU.
25.09.2006
Discussion regarding to take-over USAS’s catering service assets by THY DO&CO Catering Services AS has started and memorandum of understanding agreement is signed.
18.09.2006
JV Agreement is signed between Turkish Airlines and Do & Co Restaurants & Catering A.G as of 15/09/2006. Accordingly The Board of Director’s has decided to establish a new catering firm owned by both parties 50% -50%.
18.09.2006
The Protocol which was signed between Turkish Airlines and The Republic of Turkey, Defence Secretary Division on December 3, 2004 regarding to the establishment of MRO Center at Istanbul Sabiha Gokcen Airport has been transferred to Turkish Airlines Technic AS as of September 15, 2006. The Republic of Turkey Defence Secretary Division and THY Technic has resigned the same Protocol on September 15, 2006. HABOM Project will be the responsibility of THY Technic.
07.09.2006
It was announced on 27.07.2006 that catering tender will be held on 8.08.2006.
The Board of Directors Meeting held on 06.09.2006 it was decided to set up a catering company after cancelling tenders for catering services. The details of the company will be decided in the next Board of Directors Meeting.
17.08.2006
On 16.08.2006 media it was published that as per Air Transport Workers Union’s decision THY’s crew will not perform their duties for one day for the reason of not feeling suitable to operate and flights will not operate for one day.
Air Transportation operations take place based on the domestic an international regulatory organizations’ rules. It is the sector that is being audit continuously. Flight and rest hours as well as other matters of the crews in our Country have been auditing by the Civil Aviation Authorities systematically and continuously. It not a subject one airline can act agains these regulations. Turkish Airlines is acting cautiously based on the rules and regulations and takes all necessary steps related to flight security. Flight safety is the most important matter in air transportaion. Thus, as the flag carrier of our Country, Turkish Airlines never compromises and pays utmost attention to flight safety of its employees and passengers.
16.08.2006
It was announced on July 21th, 2004 that according to the fleet plan of the Company it was decided that 5 Widebody as A330/200; 12 Narrowbody as A321-200 ; 19 Narrowbody as A320-200 total of 46 Narrowbody will be provided from Airbus Company and 15 B737-800 from Boeing Company.
Out of 59 aircraft , 18 aircraft part of 23 aircraft to be delivered in 2006 already joined the fleet. The tender for Financial and Operational Lease options has been completed among the international and domestic financial institution without the guarantee of the Republic of Turkey.
As the result of the tender, 5 B737-800 which are planned to be delivered in August 2006 Financial Lease Agreement is signed under the United States Eximbank guarantee for the period of 12 years with the terms and conditions at lower then EURIBOR and delivery of these aircraft are completed.
04.08.2006
As per Board of Directors’ meeting held on 04.08.2006, after the analyzing and valuation of the documentations, based on the competition advantage, material gain, more opportunity to expand and short and long term strategic goals of the Corporation, it was decided to start discussions with Star Alliance to become a member
03.08.2006
As we have announced on 29.05.2006 that the establishment of Turk Hava Yollari Teknik AS has started as per Privatization Administration approval letter dated 04.05.2006 numbered 487 subject to such establishment procedures shall be according to the 4046 Privatization Law and capital in-kind shall not exceed the 15% of total asset of THY as of 31.03.2006 balance sheet. Türk Hava Yolları Teknik A.Ş., 100% owned by THY, has been established and registered to trade registry on 23.05.2006 with the capital in kind valued at 271.325.800 New TL which is mainly aircraft components and aircraft spare parts.
It was decided by the Capital Market Board meeting on 24/03/2006 date and 13/358 agenda number that Valuation Report , which shall cover the market value of the new corporation Turkish Airlines Technical AS, not later then 3 months after the General Assembly voted for the establishment of such corporation in order to inform the share holders and public.
As per decision Valuation Report regarding to the capital-in-kind in the amount of 271.325.800 TL has been done by TSKB Gayrimenkul Değerleme A.Ş.. According to the Valuation Report the market value of the subject capital is indicated as 336.112.846 TL (223.627.975 USD).
27.07.2006
Catering tender which was announced on 12/07/2006 that will be held on 27/07/2006 has been rescheduled to 08/08/2006 at 10:00 a.m. due to insufficient participation.
TO THE SHARE HOLDERS OF TURKISH AIRLINES
On July 19th, 2006 The Board of Directors of our Incorporation has decided to hold an Extraordinary General Assembly of Shareholders on August 23rd, 2006 at 10:00 hours at the General Management Building located at Ataturk Airport, Bakirkoy Istanbul in order to discuss and vote for the Agenda indicated below .
AGENDA
1- Opening statement and appointment of the Board of Assembly
2- Voting to authorize the board of asembly to sign the minutes of the meeting
3- Voting for the ınıtıatıon of a lawsuıt ın accordance wıth the Artıcle 341 of the Turkish Commercial against the previous Board of Directors Mr.Cem KOZLU, Yusuf BOLAYIRLI, Sühan ÖZKAN, Önder DOĞU, Ahmet ERTUĞRUL, Tolga AKGÜN and Mehmet GOK, as a result of the Report dated May 10th, 2006 prepared by the auditors of Finance Ministry, as informed to the Incorporation by the letter of the Grand National Assembly of Turkey dated June 29th, 2006 with 5641 number,
4- Attandce Fee of the Board of Directors and Auditors
5- Recommendations and closing statement.
12.07.2006
It was announced on 12.06.2006 that catering tender which was held during April 28th – May 29th, 2006 has been cancelled and renewal, terms and other matters are being evaluated by the Board of Directors. Thus,catering tender will take place on 27.07.2006 and all details regarding to the tender will be published on our web site.
06.07.2006
It was announced on July 21th, 2004 that according to the fleet plan of the Company it was decided that 5 Widebody as A330/200; 12 Narrowbody as A321-200 ; 19 Narrowbody as A320-200 total of 46 Narrowbody will be provided from Airbus Company and 15 B737-800 from Boeing Company.
Out of 59 aircraft 16 of them already joined the fleet. For the aircraft will be delivered in 2006, the tender for Financial and Operational Lease options has been completed among the international and domestic financial instutions without the guarantee of the Republic of Turkey.
As the result of the tender, a Financial Lease Agreement is signed under the ECA Guarantee (for the aircraft: one A321 and one A330 which will be delivered in July and one A321 which will be delivered in August ) for the period of 12 years for the 85% and 10 years for the 15% with the terms and conditions much lower then the market at Libor minus.
27.06.2006
On April 24th, 2006 we have informed that 2 A319/100 will be leased. We have leased the aircraft from ILFC (International Lease Finance Corporation) and lease agreement will be terminated at the end of April 2012.
12.06.2006
Because of the news at the media that our Company will establish a catering company, it became necessary to make the following announcement;
Catering tender which was held during April 28th – May 29th has been cancelled because the price level set by the Company has not been accomplished. Renewal of the tender, terms and other matters are being evaluated by the Board of Directors.
02.06.2006
Request to take advantage of transfer benefit of Mr. Halil TOKEL, Executive Vice President (Commercial), has been forward to the Privitazation Administration and first degree signature of Mr. Tokel has been cancelled by the Board of Directors
30.05.2006
As we have announced on 08.05.2006 that the establishment of Turk Hava Yollari Teknik AS has started as per Privatization Administration approval letter dated 04.05.2006 numbered 487 subject to such establishment procedures shall be according to the current regulations and law and capital in-kind shall not exceed the 15% of total asset of THY as of 31.03.2006 balance sheet. Türk Hava Yolları Teknik A.Ş., 100% owned by THY, has been established and registered to trade registry on 23.05.2006 with the capital in kind valued at 271.325.800 New TL which is mainly aircraft components and aircraft spare parts. 2.374 personnel have been transferred to the new Company. The legal address of the Company is Atatürk Hava Limanı B Kapısı 34149 Yeşilköy-İstanbul and objectives and field of activity of the Company ; to purchase, sell, lease, rent, produce, repair aircraft, aircraft equipment, any and all kinds of equipment and devices related with air transportation and to establish and operate hangars, warehouses, repair and supply facilities in order to provide maintenance and safeguard thereof;
30.05.2006
Mr. Naci AGBAL has been appointed as the Board of Director Auditor to the position vacant due to the resignation of Mr. Hasan GUL.
24.05.2006
The fire took place today in the afternoon at the Istanbul Airport C Terminal has not jumped and not caused any damage to the Cargo building of Turkish Airlines.
The Fire has not effected our aircraft in the fleet and our scheduled flights will be continued without any change. We took necessary cautions to disregard any problem that our passengers might face due to the fire.
17.05.2006
As we have explained on our reply to Mr. Mustafa Mutlu’s article published in Vatan Gazete on 14.5.2006 our Company is under investigation together with other airlines who operates to USA. However THY has not fixed the fee as it is claimed. After the investigation, if it is determined that THY was indeed act as it is claimed then the officers who are directly involved in such act will be responsible. It is not true that previous management or the current management will be responsible for the act and flights to USA will be suspended and THY license will be revoked as it is indicated in the article.
16.05.2006
The article with the title `THY is in trouble` published in Vatan Gazetesi on 14.05.2006 indicates that THY has received court order from the USA Ministery of Justice stating that THY together with British Airways, Lufthansa and Singapour Airlines are accused of price fixing on cargo to USA and under investigation according to the antitrust law .
It is known by the public that USA Ministry of Finance, antitrust division and European antitrust authorties has started investigation on air cargo price fixing simultaneously in the States and Europe against Lufthansa, British Airways, American Airlines, United Airlines and Scandinavian Airlines System beginning of 2006. As part of this investigation, USA District of Colombia Court has requested documents and informations related to air cargo prices from THY on April 6, 2006 . We have learned that THY is the among other airlines Airfrance-KLM, Air Canada, Japan Airlines, Singapore Airlines that received such court order. We are in co-operation with USA and European antitrust authorites related to this issue.
08.05.2006
As we have announced previously on April 28, 2006 we have requested approval from the Privitization Administration to establish TECHNIC AS, 100% owned by Turkish Airline. The Privitization Administration with the letter dated May 4, 2006 number 487 has given the approval to establish the new company subject to comply with the laws and regulations related to administrative, financial, personnel, operational etc during the establishment procedures and the operation of TECHNIC A.S. Turkish Airlines will contribute 271.325.800 TL to TECHNIC A.S. as capital in kind, which are mainly aircraft parts and components and value is the book value of THY’s assets as of March 31, 2006. 2.323 personnel will be transferred to new company. With the establishment of TECHNIC A.S. Turkish Airlines will be able to concentrate on its core business carrying passenger to compete with very competitive international enviroment in order to increase its profitibility for both companies
01.05.2006
Our Board of Directors has decided to appoint Mr. Hamdi TOPÇU, member of the board as the Deputy Director
01.05.2006
We have announced on 28th of November 2005 that a decision was taken by the Board of Directors to send a request for the Privatization Administration’s approval on the establishment of three new companies THY HABOM A.S.`, THY TEKNIK A.S. , THY EGITIM A.S. which are 100% owned by THY `
On 28th of April, 2006 our Board of Directors, after the evaluation, has decided to send a request for the establishment of THY TEKNIK AS owned 100% by THY and Capital that THY will place in THY TEKNIK AS either in cash or capital in-kind will not exceed 15% of THY’s latest total assets.
24.04.2006
Our Board of Directors has decided at the meeting held on 21.04. 2006 , subject to the approval of the Privitazation Administration, to lease 2 A319-100 aircraft for a period of 6 years. The authority is given to the General Manager to negotiate and process all the necessary documents as well as signing the Lease Agreement.
21.04.2006
At the Annual General Assembly Meeting of Türk Hava Yolları Anonim Ortaklığı was held on April 21st, 2006
The release of the members of the Board of Directors was unanimously accepted by the participants.
The release of the members of the Board of Auditors was also unanimously accepted by the participants.
The balance sheet and profit/loss calculations made in accordance with the Capital Markets Board legislation were used as the basis of distribution of profit and the decision of the Board of Directors which resolved to set off the profit of the 2005 of the Incorporation with the loss of previous years and not to distribute any profit was accepted unanimously
The proposal submitted by the representatives of the Privatization Administration regarding the election of the members of Board of Directors and Board of Auditors was rehearsed and voted by the General Assembly. In accordance with the proposal and subject to the approval of the Ministry of Finance; Dr. Candan KARLITEKIN (Chairman of the Board of Directors), Hamdi TOPÇU, Temel KOTİL Ph.D, Hüseyin Atilla ÖKSÜZ, Prof. Dr. Cemal ŞANLI, Prof. Dr. Oğuz BORAT, Mehmet BÜYÜKEKŞİ were elected as the members of the Board of Directors and İsmail GERÇEK, Hasan GÜL and Ateş VURAN were elected as the auditors by the unanimous votes of the attendants.
The Chairman of the Assembly informed the shareholders that no donation was made within 2005 in accordance with the letter of the Capital Markets Board dated February 27th , 2004 and numbered 3253.
Minutes of the Annual General Assembly meeting and the Attendance List is attached.
06.04.2006
Our Board of Directors at the mmeting held on 05/04/2006, has decided to change the status of the shares listed on the attached list owned by the Privitization Administration to `Blank Endorsment` in order to circulate at the Capital Market . Furthermore, Company will not increase its paid in capital for the period of six months as of the shares listed at the Capital Market Board after the privitization process is completed.
23.03.2006
Due to the Agreements signed between THY and other jet fuel suplliers for the abroad airports will be expired as of April 30, 2006 THY has decided to open a tender in order to purchase its fuel at the lowest unit cost for the period of 1 year starting April 30th 2006 ‘till May 1st 2007.
01.03. 2006
Subject to the approval of the Privitization Administration, our Board of Director has taken a decision at the meeting took place on 28/02/2006 to appoint current CFO, Rengin AKILLIOGLU as the Director of Chicago Office and appoint Coskun KILIC as the new CFO.
Background of COŞKUN KILIÇ:
Graduated from Ankara University, Department of Economics in 1991.. In 1992, joined the Ministry of Finance as Assistant State Auditor , then became State Auditor in 1995. In 2000, earned Master Degree in Finance from Urbana Champaign Illinois University, USA. Because of his experience in the field for 10 years he automatically earned the title as Certified Public Accountant. In 2004, held the position as the Director at the Ministry of Finance General Directorate of Revenues. Currently Mr. Kilic is working as the Executive Vice President and member of the board at The Republic of Turkey, Retirement Fund General Directorate, has several articles published and conferences held in taxation and insurance matters.
22.02. 2006
An e-mail is being circulated by an e-mail address `Didem Se` stating that
`Air France is offering 2,5 billion USD for 51% of THY’s share. Negotiation with the Privatization Administration continues. This information is obtained from the Board of Director of THY`
Our Board of Directors do not have the knowledge of such information and such information is not given by the Board.
25.01. 2006
The sale of 1,026,000 USAS shares at the Capital Market with face value of 1,026,000 TL, which was decided by the Board of Directors on January 6, 2006 has been completed as of today.
25.01. 2006
100,568 shares with face value of 100,568 TL of USAS is sold at the capital market with the price range of 6,95 – 7,00 TL. Click here for detail.
25.01. 2006
The news published at Air Transport Intelligence web site, stating that `Turkish Airlines is seeking to purchase 8 firm, 7 optional total of 15 aircraft with 70-90 seat capacity` is nottrue. Thus in the details of our Board of Director’s interview, such news has not been confirmed.
24.01. 2006
230,000 shares with face value of 230,000 TL of USAS is sold at the capital market with the price range of 6,75 – 6,90 TL. Click here for detail.
23.01. 2006
The news published at Transport Magazine indicating that `Turkish Airlines’ first activity in the beginning of the first year will be joining an Alliance` is not reflecting the truth.
23.01. 2006
352,932 shares with face value of 352,932 TL of USAS is sold at the capital market with the price range of 6,55 – 6,70 TL. Click here for detail.
09.01. 2006
The Board of Director has decided to sell the shares of USAS (Ucak Servisi A.S.) which is the 3% of USAS’s capital share with face value of 1,026,000 TL. The authorization to complete the sale has given to the General Manager.
09.01. 2006
The Board of Director has decided to sell the shares of USAS (Ucak Servisi A.S.) which is the 3% of USAS’s capital share with face value of 1,026,000 TL. The authorization to complete the sale has given to the General Manager.
02.01. 2006
According to the Article 2 of the Share Assignment Agreement which is signed by Turkish Airlines and Gate Gourment Holding AG (main holder of USAS who has won the catering tender of THY) 1.25% of USAS’s capital share equals to 427,500 shares with face value of 427,500 TL has been assigned to THY. After the assignment THY is holding 6% of USAS capital share with face value of 2,052,000 TL
...
2006
15.12.2006
Corporation has signed its first code share agreement with Lufthansa under the preliminary agreement signed with Star Alliance. As a result of the agreement current 100 destinations of the Corporation will be increased to 231. Code share flights will take place between two country and flight schedules will be compatible with each other according to the first agreement signed with Lufthansa one of the Star Alliance member, which will be effected in 2007 Summer Schedule on March 25th, 2007. The agreement will benefit THY’s passenger by providing more frequency and more destinations from Frankfurt, Munich, Istanbul and Ankara. Frequent Flyer members of both airlines will be able to earn and use the miles at both airlines.
Furthermore, THY passengers will have opportunity to fly to Atlanta, Boston, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, Philadelphia, Portland, San Francisco, Washington, Charlotte in North America and later on to many destinations in Far East, Middle East and Europe. Passengers of Lufthansa will have opportunity to fly to 27 destinations such as Bishkek, Karachi, Tashkent, Duşanbe, Damascus, Tabriz and later to Turkiye, Near East and Middle East.
01.12.2006
THY Technic, which is owned 100% by THY, has signed Memorandum of Understanding (MOU) with Pratt & Wittney, which is one of the group corporations of United Technologies Corporation, to establish a engine repair center at Sabiha Gokcen Airport. According to the MOU JV will be established if the negotiation has finalized with in the 6 months period. The Center is planning to be in operation in 2008 if JV has established in due time.
19.10.2006
The Board of Directors has decided to assign its 3 thousand seats to University students on domestic flights within the 29 destinations on the 83rd Anniversary of the establishment of The Republic of Turkey. Accordingly, round trip ticket will be issued to 1500 first university students who will call to our 444 0 849 reservation number as of October 20th, 2006 @ 15:00 local time. University students who are lucky to receive ticket can only use it betweent October 29 – November 5, 2006.
18.10.2006
Traffic results for the period of January - September 2006 are as follows.
During the period of Jan-Sep 2006 total passenger carried has increased by 18.6% reaching to 12.817.127 from 10.809.564 for the same period of 2005.
Number of Landing which was 94.533 for the period of Jan-Sep 2005 has increased to 113.483 (+20%) change for the same period of 2006 . ASK with 23.2% increase reached to 27.412.247.000 from 22.244.449.000 and RPK with 16.9% increase reached to 19,107,131,000 from 16,349,286,000 during the Jan-Sep 2006 period.
103,889 ton Cargo/Mail carried in 2005 increased by 10.6% to 114.913 ton for the same period of 2006.
17.10.2006
Our Board of Directors has decided to sign `Transfer of Assets Agreement` as the guarantor whcih will be signed between THY Do & Co Catering Service AS and USAS. THY Do & Co Catering Service AS will pay to USAS 68.000.000 TL (VAT not included) according to the `Transfer of Assets Agreement`. USAS will continue its operations,except airline catering operation, with its remaining assets and personnel.
05.10.2006
MOU was signed with Singapore Technologies Aerospace (ST Aerospace) to start negotiations and discussions regarding to the MRO Center (HABOM) which will be established at Pendik Kurtköy Sabiha Gökçen Airport.
However since JV Agreement is not signed with in the 12 months period after the MOU is signed, MOU has no longer valid according to the applicable articles of the MOU.
25.09.2006
Discussion regarding to take-over USAS’s catering service assets by THY DO&CO Catering Services AS has started and memorandum of understanding agreement is signed.
18.09.2006
JV Agreement is signed between Turkish Airlines and Do & Co Restaurants & Catering A.G as of 15/09/2006. Accordingly The Board of Director’s has decided to establish a new catering firm owned by both parties 50% -50%.
18.09.2006
The Protocol which was signed between Turkish Airlines and The Republic of Turkey, Defence Secretary Division on December 3, 2004 regarding to the establishment of MRO Center at Istanbul Sabiha Gokcen Airport has been transferred to Turkish Airlines Technic AS as of September 15, 2006. The Republic of Turkey Defence Secretary Division and THY Technic has resigned the same Protocol on September 15, 2006. HABOM Project will be the responsibility of THY Technic.
07.09.2006
It was announced on 27.07.2006 that catering tender will be held on 8.08.2006.
The Board of Directors Meeting held on 06.09.2006 it was decided to set up a catering company after cancelling tenders for catering services. The details of the company will be decided in the next Board of Directors Meeting.
17.08.2006
On 16.08.2006 media it was published that as per Air Transport Workers Union’s decision THY’s crew will not perform their duties for one day for the reason of not feeling suitable to operate and flights will not operate for one day.
Air Transportation operations take place based on the domestic an international regulatory organizations’ rules. It is the sector that is being audit continuously. Flight and rest hours as well as other matters of the crews in our Country have been auditing by the Civil Aviation Authorities systematically and continuously. It not a subject one airline can act agains these regulations. Turkish Airlines is acting cautiously based on the rules and regulations and takes all necessary steps related to flight security. Flight safety is the most important matter in air transportaion. Thus, as the flag carrier of our Country, Turkish Airlines never compromises and pays utmost attention to flight safety of its employees and passengers.
16.08.2006
It was announced on July 21th, 2004 that according to the fleet plan of the Company it was decided that 5 Widebody as A330/200; 12 Narrowbody as A321-200 ; 19 Narrowbody as A320-200 total of 46 Narrowbody will be provided from Airbus Company and 15 B737-800 from Boeing Company.
Out of 59 aircraft , 18 aircraft part of 23 aircraft to be delivered in 2006 already joined the fleet. The tender for Financial and Operational Lease options has been completed among the international and domestic financial institution without the guarantee of the Republic of Turkey.
As the result of the tender, 5 B737-800 which are planned to be delivered in August 2006 Financial Lease Agreement is signed under the United States Eximbank guarantee for the period of 12 years with the terms and conditions at lower then EURIBOR and delivery of these aircraft are completed.
04.08.2006
As per Board of Directors’ meeting held on 04.08.2006, after the analyzing and valuation of the documentations, based on the competition advantage, material gain, more opportunity to expand and short and long term strategic goals of the Corporation, it was decided to start discussions with Star Alliance to become a member
03.08.2006
As we have announced on 29.05.2006 that the establishment of Turk Hava Yollari Teknik AS has started as per Privatization Administration approval letter dated 04.05.2006 numbered 487 subject to such establishment procedures shall be according to the 4046 Privatization Law and capital in-kind shall not exceed the 15% of total asset of THY as of 31.03.2006 balance sheet. Türk Hava Yolları Teknik A.Ş., 100% owned by THY, has been established and registered to trade registry on 23.05.2006 with the capital in kind valued at 271.325.800 New TL which is mainly aircraft components and aircraft spare parts.
It was decided by the Capital Market Board meeting on 24/03/2006 date and 13/358 agenda number that Valuation Report , which shall cover the market value of the new corporation Turkish Airlines Technical AS, not later then 3 months after the General Assembly voted for the establishment of such corporation in order to inform the share holders and public.
As per decision Valuation Report regarding to the capital-in-kind in the amount of 271.325.800 TL has been done by TSKB Gayrimenkul Değerleme A.Ş.. According to the Valuation Report the market value of the subject capital is indicated as 336.112.846 TL (223.627.975 USD).
27.07.2006
Catering tender which was announced on 12/07/2006 that will be held on 27/07/2006 has been rescheduled to 08/08/2006 at 10:00 a.m. due to insufficient participation.
TO THE SHARE HOLDERS OF TURKISH AIRLINES
On July 19th, 2006 The Board of Directors of our Incorporation has decided to hold an Extraordinary General Assembly of Shareholders on August 23rd, 2006 at 10:00 hours at the General Management Building located at Ataturk Airport, Bakirkoy Istanbul in order to discuss and vote for the Agenda indicated below .
AGENDA
1- Opening statement and appointment of the Board of Assembly
2- Voting to authorize the board of asembly to sign the minutes of the meeting
3- Voting for the ınıtıatıon of a lawsuıt ın accordance wıth the Artıcle 341 of the Turkish Commercial against the previous Board of Directors Mr.Cem KOZLU, Yusuf BOLAYIRLI, Sühan ÖZKAN, Önder DOĞU, Ahmet ERTUĞRUL, Tolga AKGÜN and Mehmet GOK, as a result of the Report dated May 10th, 2006 prepared by the auditors of Finance Ministry, as informed to the Incorporation by the letter of the Grand National Assembly of Turkey dated June 29th, 2006 with 5641 number,
4- Attandce Fee of the Board of Directors and Auditors
5- Recommendations and closing statement.
12.07.2006
It was announced on 12.06.2006 that catering tender which was held during April 28th – May 29th, 2006 has been cancelled and renewal, terms and other matters are being evaluated by the Board of Directors. Thus,catering tender will take place on 27.07.2006 and all details regarding to the tender will be published on our web site.
06.07.2006
It was announced on July 21th, 2004 that according to the fleet plan of the Company it was decided that 5 Widebody as A330/200; 12 Narrowbody as A321-200 ; 19 Narrowbody as A320-200 total of 46 Narrowbody will be provided from Airbus Company and 15 B737-800 from Boeing Company.
Out of 59 aircraft 16 of them already joined the fleet. For the aircraft will be delivered in 2006, the tender for Financial and Operational Lease options has been completed among the international and domestic financial instutions without the guarantee of the Republic of Turkey.
As the result of the tender, a Financial Lease Agreement is signed under the ECA Guarantee (for the aircraft: one A321 and one A330 which will be delivered in July and one A321 which will be delivered in August ) for the period of 12 years for the 85% and 10 years for the 15% with the terms and conditions much lower then the market at Libor minus.
27.06.2006
On April 24th, 2006 we have informed that 2 A319/100 will be leased. We have leased the aircraft from ILFC (International Lease Finance Corporation) and lease agreement will be terminated at the end of April 2012.
12.06.2006
Because of the news at the media that our Company will establish a catering company, it became necessary to make the following announcement;
Catering tender which was held during April 28th – May 29th has been cancelled because the price level set by the Company has not been accomplished. Renewal of the tender, terms and other matters are being evaluated by the Board of Directors.
02.06.2006
Request to take advantage of transfer benefit of Mr. Halil TOKEL, Executive Vice President (Commercial), has been forward to the Privitazation Administration and first degree signature of Mr. Tokel has been cancelled by the Board of Directors
30.05.2006
As we have announced on 08.05.2006 that the establishment of Turk Hava Yollari Teknik AS has started as per Privatization Administration approval letter dated 04.05.2006 numbered 487 subject to such establishment procedures shall be according to the current regulations and law and capital in-kind shall not exceed the 15% of total asset of THY as of 31.03.2006 balance sheet. Türk Hava Yolları Teknik A.Ş., 100% owned by THY, has been established and registered to trade registry on 23.05.2006 with the capital in kind valued at 271.325.800 New TL which is mainly aircraft components and aircraft spare parts. 2.374 personnel have been transferred to the new Company. The legal address of the Company is Atatürk Hava Limanı B Kapısı 34149 Yeşilköy-İstanbul and objectives and field of activity of the Company ; to purchase, sell, lease, rent, produce, repair aircraft, aircraft equipment, any and all kinds of equipment and devices related with air transportation and to establish and operate hangars, warehouses, repair and supply facilities in order to provide maintenance and safeguard thereof;
30.05.2006
Mr. Naci AGBAL has been appointed as the Board of Director Auditor to the position vacant due to the resignation of Mr. Hasan GUL.
24.05.2006
The fire took place today in the afternoon at the Istanbul Airport C Terminal has not jumped and not caused any damage to the Cargo building of Turkish Airlines.
The Fire has not effected our aircraft in the fleet and our scheduled flights will be continued without any change. We took necessary cautions to disregard any problem that our passengers might face due to the fire.
17.05.2006
As we have explained on our reply to Mr. Mustafa Mutlu’s article published in Vatan Gazete on 14.5.2006 our Company is under investigation together with other airlines who operates to USA. However THY has not fixed the fee as it is claimed. After the investigation, if it is determined that THY was indeed act as it is claimed then the officers who are directly involved in such act will be responsible. It is not true that previous management or the current management will be responsible for the act and flights to USA will be suspended and THY license will be revoked as it is indicated in the article.
16.05.2006
The article with the title `THY is in trouble` published in Vatan Gazetesi on 14.05.2006 indicates that THY has received court order from the USA Ministery of Justice stating that THY together with British Airways, Lufthansa and Singapour Airlines are accused of price fixing on cargo to USA and under investigation according to the antitrust law .
It is known by the public that USA Ministry of Finance, antitrust division and European antitrust authorties has started investigation on air cargo price fixing simultaneously in the States and Europe against Lufthansa, British Airways, American Airlines, United Airlines and Scandinavian Airlines System beginning of 2006. As part of this investigation, USA District of Colombia Court has requested documents and informations related to air cargo prices from THY on April 6, 2006 . We have learned that THY is the among other airlines Airfrance-KLM, Air Canada, Japan Airlines, Singapore Airlines that received such court order. We are in co-operation with USA and European antitrust authorites related to this issue.
08.05.2006
As we have announced previously on April 28, 2006 we have requested approval from the Privitization Administration to establish TECHNIC AS, 100% owned by Turkish Airline. The Privitization Administration with the letter dated May 4, 2006 number 487 has given the approval to establish the new company subject to comply with the laws and regulations related to administrative, financial, personnel, operational etc during the establishment procedures and the operation of TECHNIC A.S. Turkish Airlines will contribute 271.325.800 TL to TECHNIC A.S. as capital in kind, which are mainly aircraft parts and components and value is the book value of THY’s assets as of March 31, 2006. 2.323 personnel will be transferred to new company. With the establishment of TECHNIC A.S. Turkish Airlines will be able to concentrate on its core business carrying passenger to compete with very competitive international enviroment in order to increase its profitibility for both companies
01.05.2006
Our Board of Directors has decided to appoint Mr. Hamdi TOPÇU, member of the board as the Deputy Director
01.05.2006
We have announced on 28th of November 2005 that a decision was taken by the Board of Directors to send a request for the Privatization Administration’s approval on the establishment of three new companies THY HABOM A.S.`, THY TEKNIK A.S. , THY EGITIM A.S. which are 100% owned by THY `
On 28th of April, 2006 our Board of Directors, after the evaluation, has decided to send a request for the establishment of THY TEKNIK AS owned 100% by THY and Capital that THY will place in THY TEKNIK AS either in cash or capital in-kind will not exceed 15% of THY’s latest total assets.
24.04.2006
Our Board of Directors has decided at the meeting held on 21.04. 2006 , subject to the approval of the Privitazation Administration, to lease 2 A319-100 aircraft for a period of 6 years. The authority is given to the General Manager to negotiate and process all the necessary documents as well as signing the Lease Agreement.
21.04.2006
At the Annual General Assembly Meeting of Türk Hava Yolları Anonim Ortaklığı was held on April 21st, 2006
The release of the members of the Board of Directors was unanimously accepted by the participants.
The release of the members of the Board of Auditors was also unanimously accepted by the participants.
The balance sheet and profit/loss calculations made in accordance with the Capital Markets Board legislation were used as the basis of distribution of profit and the decision of the Board of Directors which resolved to set off the profit of the 2005 of the Incorporation with the loss of previous years and not to distribute any profit was accepted unanimously
The proposal submitted by the representatives of the Privatization Administration regarding the election of the members of Board of Directors and Board of Auditors was rehearsed and voted by the General Assembly. In accordance with the proposal and subject to the approval of the Ministry of Finance; Dr. Candan KARLITEKIN (Chairman of the Board of Directors), Hamdi TOPÇU, Temel KOTİL Ph.D, Hüseyin Atilla ÖKSÜZ, Prof. Dr. Cemal ŞANLI, Prof. Dr. Oğuz BORAT, Mehmet BÜYÜKEKŞİ were elected as the members of the Board of Directors and İsmail GERÇEK, Hasan GÜL and Ateş VURAN were elected as the auditors by the unanimous votes of the attendants.
The Chairman of the Assembly informed the shareholders that no donation was made within 2005 in accordance with the letter of the Capital Markets Board dated February 27th , 2004 and numbered 3253.
Minutes of the Annual General Assembly meeting and the Attendance List is attached.
06.04.2006
Our Board of Directors at the mmeting held on 05/04/2006, has decided to change the status of the shares listed on the attached list owned by the Privitization Administration to `Blank Endorsment` in order to circulate at the Capital Market . Furthermore, Company will not increase its paid in capital for the period of six months as of the shares listed at the Capital Market Board after the privitization process is completed.
23.03.2006
Due to the Agreements signed between THY and other jet fuel suplliers for the abroad airports will be expired as of April 30, 2006 THY has decided to open a tender in order to purchase its fuel at the lowest unit cost for the period of 1 year starting April 30th 2006 ‘till May 1st 2007.
01.03. 2006
Subject to the approval of the Privitization Administration, our Board of Director has taken a decision at the meeting took place on 28/02/2006 to appoint current CFO, Rengin AKILLIOGLU as the Director of Chicago Office and appoint Coskun KILIC as the new CFO.
Background of COŞKUN KILIÇ:
Graduated from Ankara University, Department of Economics in 1991.. In 1992, joined the Ministry of Finance as Assistant State Auditor , then became State Auditor in 1995. In 2000, earned Master Degree in Finance from Urbana Champaign Illinois University, USA. Because of his experience in the field for 10 years he automatically earned the title as Certified Public Accountant. In 2004, held the position as the Director at the Ministry of Finance General Directorate of Revenues. Currently Mr. Kilic is working as the Executive Vice President and member of the board at The Republic of Turkey, Retirement Fund General Directorate, has several articles published and conferences held in taxation and insurance matters.
22.02. 2006
An e-mail is being circulated by an e-mail address `Didem Se` stating that
`Air France is offering 2,5 billion USD for 51% of THY’s share. Negotiation with the Privatization Administration continues. This information is obtained from the Board of Director of THY`
Our Board of Directors do not have the knowledge of such information and such information is not given by the Board.
25.01. 2006
The sale of 1,026,000 USAS shares at the Capital Market with face value of 1,026,000 TL, which was decided by the Board of Directors on January 6, 2006 has been completed as of today.
25.01. 2006
100,568 shares with face value of 100,568 TL of USAS is sold at the capital market with the price range of 6,95 – 7,00 TL. Click here for detail.
25.01. 2006
The news published at Air Transport Intelligence web site, stating that `Turkish Airlines is seeking to purchase 8 firm, 7 optional total of 15 aircraft with 70-90 seat capacity` is nottrue. Thus in the details of our Board of Director’s interview, such news has not been confirmed.
24.01. 2006
230,000 shares with face value of 230,000 TL of USAS is sold at the capital market with the price range of 6,75 – 6,90 TL. Click here for detail.
23.01. 2006
The news published at Transport Magazine indicating that `Turkish Airlines’ first activity in the beginning of the first year will be joining an Alliance` is not reflecting the truth.
23.01. 2006
352,932 shares with face value of 352,932 TL of USAS is sold at the capital market with the price range of 6,55 – 6,70 TL. Click here for detail.
09.01. 2006
The Board of Director has decided to sell the shares of USAS (Ucak Servisi A.S.) which is the 3% of USAS’s capital share with face value of 1,026,000 TL. The authorization to complete the sale has given to the General Manager.
09.01. 2006
The Board of Director has decided to sell the shares of USAS (Ucak Servisi A.S.) which is the 3% of USAS’s capital share with face value of 1,026,000 TL. The authorization to complete the sale has given to the General Manager.
02.01. 2006
According to the Article 2 of the Share Assignment Agreement which is signed by Turkish Airlines and Gate Gourment Holding AG (main holder of USAS who has won the catering tender of THY) 1.25% of USAS’s capital share equals to 427,500 shares with face value of 427,500 TL has been assigned to THY. After the assignment THY is holding 6% of USAS capital share with face value of 2,052,000 TL
...
2005
25.11. 2005
Turkish Airlines delivers strong growth in Q3 2005
9 months ending 30 September, 2005
Revenues up to $1.8 bn (+30%)
Net Profits up to $106 mn (+ 31 %)
Passenger numbers up to 11m (+20%)
Strong growth in domestic and international traffic
$200 mn joint venture for technical and maintenance service center, called HABOM, is on track
Dr. Temel Kotil, CEO, commenting on the results, said:
`We have delivered a strong trading performance in the year to date, which reflects a combination of good market conditions for tourism, and the positive development of Turkey’s economy and geopolitical situation. However, our results have been supported by our domestic price policy which increased turnover not only for Turkish Airlines but also for the Turkish aviation market as a whole. Looking forward, we also expect to begin to enjoy returns from our ongoing investment programme in our fleet, which will be one of Europe’s youngest by 2008.
Revenues
The first nine months of 2005 saw a significant rise in revenues to $1,764 mn (2004:$1,358 mn) brought about by: increased seat capacity, up to 13,823 (+16%) and increased load factor, up to 74% (+3 pt). Revenues have been growing at 13% (CAGR) since 2001, positioning Turkish Airlines as one of the world’s fastest growing airlines.
Costs
The 50% increase in aviation fuel prices over 2005 contributed significantly to a 69% increase in fuel expenses to $393 mn, one of Turkish Airline’s largest operating costs. Total operating costs increased by 33% to $1,675 mn. Despite our non-hedging based approach, Turkish Airlines secured lower fuel costs than most other AEA airlines with costs of $1.45 (fuel cost/AASK). In addition, Turkish Airlines maintains amongst the lowest operating ($6.65: Costs/ASK) and personnel costs ($1.67: Personnel Cost/ ASK) of any AEA airline.
Profits
For the first 9 months of 2005, profits before tax rose to $154 mn from $129 mn, and net income increased to $106 mn from $81 mn over the same period in 2004.
Trading
2005 saw a strong increase in passenger numbers to 11m against 8.8m a year ago, accommodated by increased seat capacity of 13,832 (+16%) and increased load factor, up to 73,6% (+2.5%).
Outlook
The number of domestic and international passengers flying to and from Turkey is expected to rise substantially over the coming years. This will be supported by increased tourism, growing domestic demand, and potential EU accession trends. From 2003 to 2004, international passenger numbers were up 21% and domestic numbers up 58%. Turkish Airlines is well positioned to capitalise on this growth, 59 new planes on order taking the fleet number to 100. Turkish Airlines plans to increase its overall seat capacity to above 18,000 by 2008. Furthermore, Turkish Airlines is planning to increase its destinations with 24 more international routes in 2006.
Turkish Airlines reported, on 16th June 2005, a Memorandum of Understanding signed with ST Aerospace in the $200mn HABOM technical maintenance centre. Through the investment in the project, maintenance capacity will increase to some 350 planes.
For results summary click here
or Further Information please contact
Investor Relations Department
Tel: 90-212-468-7030
Fax:90-212-465-2307
E-mail: ir@thy.com
Background on Turkish Airlines (‘THY’)
THY is one of the largest airlines in Europe and the market leader in Turkish air travel, now flying to over 79 destinations internationally and 28 destinations domestically.
THY had year end 2004 audited sales of US$2.1 billion and net income of US$80.1 million. THY flies to 107 destinations worldwide, of which 28 are in Turkey. It enjoys one of the younger fleets in Europe, and THY has announced plans to expand its fleet by 25% to 100 aircraft over the next three years, with a projected investment of US$2 billion. The company has the most developed technical service facility in the Middle East – CIS region, called HABOM, which is being joint ventured. Cargo accounts for some 10% of revenue. The company plans more than 30% increase in seat capacity by 2008.
In November 2004, a secondary offering increased THY’s free float of equity to 24.82% from under 2%, the balance being government owned. THY is listed on the Istanbul stock exchange (THYAO) with an approximate market value of US$1 billion.
Disclaimer: This English-language media release is provided for information purposes only; reliance should only be placed for all statutory and regulatory and other purposes on the original Turkish language version alone.
...
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