TÜRK HAVA YOLLARI ANONIM ORTAKLIGI

(THYAO)
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End-of-day quote BORSA ISTANBUL  -  2022-06-23
50.25 TRY   -0.59%
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Turk Hava Yollari AO : Malaysia Airlines and Turkish Airlines signed a codeshare agreement to leverage their respective networks, and maximize travel opportunities offered to the passengers

12/02/2019 | 09:01am EDT

KLIA: Malaysia Airlines and Turkish Airlines yesterday jointly announced the start of a code-sharing partnership that enables both carriers to tap into new markets and offer their passengers more travel options. Besides, the Codeshare Agreement will provide more comfortable travel opportunities to the passengers, who have already been transported under the existing commercial cooperation between two airlines since 2017.

Through this cooperation, Turkish Airlines will be offering new destinations in Malaysia and Australia as Marketing Carrier on Malaysia Airlines operated flights, while Malaysia Airlines will be able to reach Turkey's domestic destinations. Within the scope of this codeshare cooperation, Turkish Airlines will place its marketing code and flight number on Malaysia Airlines' Brisbane (BNE), Adelaide (ADL), Melbourne (MEL), Perth (PER), Sydney (SYD), Auckland (AKL) and 12 Malaysia' domestic flights from Kuala Lumpur, while Malaysia Airlines will place its marketing code and flight number on trunk route (Kuala Lumpur-Istanbul v.v.) and Ankara (ESB), Antalya (AYT), Izmir (ADB) v.v. routes operated by Turkish Airlines.

Commenting on the agreement during the signing ceremony that was held yesterday at Turkish Airlines' Headquarters in Istanbul, Turkish Airlines' Chief Investment and Technology Officer, Ahmet Bolat said; 'With this agreement we have signed today, we are also committed to providing our passengers with better connection options and taking the passenger experience to a much more comfortable dimension. I hope that this important initiative that we have established on a close working environment with Malaysia Airlines will be beneficial for both companies and citizens of both brother countries.'

Captain Izham Ismail, Chief Executive Officer, Malaysia Airlines said, 'Customer choice is treated with the utmost importance at Malaysia Airlines and we are glad that this codeshare agreement will further bolster the options we provide to our customers. This codeshare will also allow for our passengers to travel to the major cities in Turkey, providing them with even more access for their travels. This opens up the opportunity for more tourists to explore Malaysia, as one of the premier holiday destinations in the Asia Pacific region, and we look forward to extending our Malaysian Hospitality further with all who travel with us,' added Captain Izham.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 230 B 13 244 M 13 244 M
Net income 2022 11 225 M 646 M 646 M
Net Debt 2022 239 B 13 763 M 13 763 M
P/E ratio 2022 5,24x
Yield 2022 -
Capitalization 69 345 M 3 993 M 3 993 M
EV / Sales 2022 1,34x
EV / Sales 2023 1,16x
Nbr of Employees 37 487
Free-Float 50,9%
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Number of Analysts 15
Last Close Price 50,25 TRY
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Spread / Average Target -5,17%
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Managers and Directors
Bilal Eksi Deputy Chairman & Chief Executive Officer
Murat Seker Chief Financial Officer
Mehmet Ilker Ayci Chairman
Ahmet Bolat Chief Investment & Technology Officer
Ali Serdar Yakut Chief IT & Transformation Officer
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