TURKISH AIRLINES CONSOLIDATED

CFO Flash Review

Executive Key Performance Indicators

Year-over-Year (YoY) comparison against FY 2024

Last Updated: May 2026
Total Revenue
₺955.4B
FY24: ₺745.4B +28.17%
Net Profit
₺118.1B
FY24: ₺113.3B +4.20%
Op. Cash Flow
₺228.9B
YoY Surge +71.50%
Gross Margin
16.28%
Industry Target: 18.0% -1.2 bps

Consolidated Performance Trend

Quarterly progression tracking Revenue vs. Net Profit (Milyon ₺)

Revenue
Net Profit

Operational Efficiency

Target metrics vs. Actual performance

Gross Profit Margin 16.28%
Target: 18.00% Attention Required
Return on Equity (ROE) 18.40%
Target: 15.00% Target Met
Current Ratio 0.85x
Target: 1.00x Under Review
Liquidity Threshold Note: The current ratio at 0.85x remains acceptable for large-scale airline operations due to robust advanced bookings cash flows.

Asset Structure Breakdown

Distribution of current and non-current holdings

Current Assets
₺436.4B 21.8% of Total
Non-Current Assets
₺1.56T 78.2% of Total

Cash Flow Dynamics

Consolidated cash allocation profile (Milyon ₺)

CFO Executive Summary & Analyst Insights

Despite persisting global inflationary pressures affecting operating expenses (specifically staff costs and maintenance segments), Turkish Airlines managed a solid **+28.17% growth** in total revenue, driven by highly resilient passenger yields. The outstanding expansion in **Operating Cash Flow (+71.50%)** ensures a very robust capital structure, allowing our capital expenditure allocations (CapEx) for aircraft purchases to progress steadily without compromising our balance sheet integrity.