Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Turk Hava Yollari AO    THYAO   TRATHYAO91M5

TURK HAVA YOLLARI AO

(THYAO)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

Airbus dominates second day of Dubai show as Boeing wins MAX order

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/18/2019 | 11:53am EST
FILE PHOTO: Aerial photos show Boeing 737 Max airplanes on the tarmac in Seattle

Gulf airlines Emirates and Air Arabia spent a combined $30 billion at list prices on Airbus jetliners as the Dubai Airshow burst into life on Monday, while Boeing won a symbolic first official order for the 737 MAX since its grounding in March.

Emirates threw its weight behind the Airbus A350 with an expanded order for 50 jets worth $16 billion, but shelved plans to order the slightly smaller A330neo as the Middle East’s largest carrier embarked on a more diversified fleet structure.

The firm order, signed in front of reporters on day two of the Nov 17-21 show, drew a line under the A380 superjumbo, the world's largest airliner which Airbus had decided earlier this year to close, prompting Emirates to order mid-sized planes.

Under its original plans tentatively announced in February, Emirates would have ordered 40 upgraded A330neos and 30 slightly larger A350-900s. It decided instead to opt for 50 of the lightweight A350s, citing in part the impact on lower emissions.

"Together with the A380, the A350 will give us more capacity and flexibility. We will be able to expand to new markets with these aircraft," Emirates Chairman and Chief Executive Officer Sheikh Ahmed bin Saeed Al-Maktoum said.

Analysts said the deal cemented the position of the A350 at Emirates after it canceled a previous order for A350s in 2014.

But it also raised questions over production rates for the once highly profitable A330 family, which has been aiming for a new lease life after switching to new Rolls-Royce engines.

Shares in Airbus fell 1.1%, lagging a slightly weaker European market.

Airbus builds 50 A330s a year or 4.2 a month. That figure could slip closer to 3 a month from 2022, one analyst said.

NO 'A350NEO'

The A350 gives Emirates greater room for growth than the A330neo though the airline has not definitively shut the door on the jet, an update to A330 models it has operated before.

Airbus Chief Executive Guillaume Faury denied reports that Airbus is also looking at a future engine upgrade of the A350, something experts warn might dampen current demand for the jet.

But Monday's business left unanswered questions over the fate of 40 competing Boeing 787 jets also provisionally ordered by Emirates.

Sheikh Ahmed said Emirates remained in talks with Boeing on firming up the order. But industry sources said that could come at a cost to Boeing since Emirates would in exchange reduce an order for 150 Boeing 777X after deliveries were pushed back by a year, which the airline complains is holding back its growth.

Reflecting growth among budget carriers, Sharjah-based Air Arabia ordered 120 Airbus A320neo and A321neo jets in a deal worth around $14 billion, the biggest in terms of units so far at the Middle East's largest aerospace event.

Airbus and Boeing are pushing for order endorsements from customers that have been frustrated with plane and engine makers over delays in deliveries and engine issues.

Airbus last month cut its full-year delivery goal for commercial jets due to production glitches. Faury told reporters on Monday A321neo deliveries should return to normal in 2021.

Boeing is trying to turn the corner over the grounding of its top-selling 737 MAX after two fatal crashes in Ethiopia and Indonesia that killed 346 people within a span of five months.

Turkey's SunExpress announced a $1.2 billion deal for 10 more 737 MAX 8 aircraft, on top of 32 already ordered.

It was the first firm MAX order since it was grounded in March and confirmed a Reuters report that a deal was close.

British Airways-owner IAG signed a surprise letter of intent in June to order 200 MAX, dropping its medium-haul supplier Airbus, but the deal has not yet been finalised.

(Additional repoirting by Ankit Ajmera, Writing by Ghaida Ghantous, Tim Hepher. Editing by Jane Merriman)

By Stanley Carvalho and Alexander Cornwell

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -1.47% 134.4 Real-time Quote.62.46%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA -1.58% 548.6 Delayed Quote.-9.81%
LUFTHANSA GROUP AG -1.30% 17.465 Delayed Quote.-10.18%
ROLLS-ROYCE -0.63% 728.6 Delayed Quote.-11.66%
TURK HAVA YOLLARI AO End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TURK HAVA YOLLARI AO
11:53aAirbus dominates second day of Dubai show as Boeing wins MAX order
RE
08:52aTurkey's SunExpress orders an additional 10 Boeing 737 MAX 8 planes
RE
08:39aTurkey's SunExpress orders an additional 10 Boeing 737 MAX 8 planes
RE
06:29aBoeing close to winning order for 737 MAX from Turkey's SunExpress - sources
RE
11/17Boeing, Airbus kept in suspense over big Dubai jet deals
RE
11/09TURK HAVA YOLLARI AO : Passenger held with pistol, bullets at Dhaka airport
AQ
10/28TURK HAVA YOLLARI AO : Rwanda Is a Reliable Partner in Africa - Turkish Ambassad..
AQ
10/18TURK HAVA YOLLARI AO : Pulkovo Airport increases passenger traffic by 8.1% for t..
AQ
10/05TURK HAVA YOLLARI AO : Turkish Airlines wins Best Airline Cargo in Nigeria
AQ
10/03TURK HAVA YOLLARI AO : Turkish Airlines wins Best Airline Cargo in Nigeria
AQ
More news
Financials (TRY)
Sales 2019 76 153 M
EBIT 2019 3 142 M
Net income 2019 3 040 M
Debt 2019 59 058 M
Yield 2019 -
P/E ratio 2019 5,89x
P/E ratio 2020 4,20x
EV / Sales2019 1,02x
EV / Sales2020 1,01x
Capitalization 18 892 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 15,23  TRY
Last Close Price 13,69  TRY
Spread / Highest target 56,3%
Spread / Average Target 11,3%
Spread / Lowest Target -30,6%
EPS Revisions
Managers
NameTitle
Bilal Eksi Deputy Chairman & Chief Executive Officer
Mehmet Ilker Ayci Chairman
Aykut Alpa Chief Flight Operations Officer
Murat Seker Chief Financial Officer
Ahmet Bolat Chief Investment & Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TURK HAVA YOLLARI AO3 292
DELTA AIR LINES INC.13.93%36 631
UNITED AIRLINES HOLDINGS, INC.10.49%23 409
RYANAIR HOLDINGS28.84%16 778
AIR CHINA LIMITED3.83%15 994
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA-9.81%14 266