Türk Hava Yollari Anonim Ortakligi : 2022 - 1Q Presentation
May 31, 2022 at 08:21 am EDT
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1Q'22 RESULTS SUMMARY
Key Financial Data
2019
2021
Change
(USD mn)
1Q'19
1Q'22
Change
13.229
10.686
-19,2%
Revenue
2.768
3.051
10,2%
11.167
6.390
-42,8%
Passenger Revenue
2.275
1.990
-12,5%
1.688
4.015
137,9%
Cargo Revenue
406
980
141,4%
305
253
-17,0%
Technic Revenue
70
77
10,0%
585
1.275
117,9%
Net Operating Profit / Loss
-203
144
-
876
1.414
61,4%
Profit From Main Operations
-150
163
-
788
959
21,7%
Net Income
-229
161
-
6,0%
9,0%
3,0 pt
Net Income Margin
-8,3%
5,3%
13,6 pt
3.107
3.744
20,5%
EBITDAR
358
710
98,2%
23,5%
35,0%
11,5 pt
EBITDAR Margin
12,9%
23,3%
10,3 pt
2
Revenue Development (1Q'19 vs 1Q'22)
(mn USD)
Pax RASK
(Ex-Currency,
Volume
Cargo and Other
Ex-L/F)
Load Factor
Revenue
-204
(Ex-Currency)
+494
-279
Currency
-392
+664
2.275
1.990
Passenger (-13%)
406
Cargo (141%)
980
87
Other (-7%)
81
∑ 2.768
Total Revenue (10%)
∑ 3.051
1Q'19
1Q'22
Unit Revenue Development
RASK (USc)
Passenger RASK (USc)
30,8%
6,5%
6,57
7,26
6,32
6,46
5,55
6,06
1Q'19
1Q'22
1Q'22 ex-currency
2019
2021
2021 ex-currency
9,9%
-12,5%
5,33
5,12
5,86
5,95
5,00
5,20
1Q'19
1Q'22
1Q'22 ex-currency
2019
2021
2021 ex-currency
Revenue Yield (R/Y) (Usc)
25,3%
5,2%
7,30
8,35
7,29
7,37
7,67
6,66
1Q'19
1Q'22
1Q'22 ex-currency
2019
2021
2021 ex-currency
Revenue Yield (R/Y) Total Passenger Revenue / RPK
Passenger RASK: Total Passenger Revenue / ASK
RASK: Total Passenger and Cargo Revenue / ASK* *ASK value is adjusted for cargo operations adding Cargo Available Ton Km.
4
Regional Yield Development (vs 2019)
AMERICAS
EUROPE
2021
1Q'22
2021
1Q'22
ASK
8,7%
52,6%
ASK
-35,2%
-13,7%
RASK
1,7%
14,8%
RASK
2,7%
19,6%
Passenger RASK
-23,4%
-15,7%
Passenger RASK
-7,5%
11,1%
R/Y
-5,0%
5,2%
R/Y
4,3%
15,1%
R/Y ex-currency
-5,3%
8,3%
R/Y ex-currency
2,0%
21,5%
AFRICA
MIDDLE EAST
2021
1Q'22
2021
1Q'22
ASK
-34,0%
-6,7%
ASK
-49,1%
-32,0%
RASK
10,6%
21,7%
RASK
7,0%
21,7%
Passenger RASK
-3,3%
7,3%
Passenger RASK
-1,7%
15,6%
R/Y
12,1%
11,7%
R/Y
3,1%
10,6%
R/Y ex-currency
10,9%
15,6%
R/Y ex-currency
2,3%
12,9%
FAR EAST
2021
1Q'22
ASK
-51,7%
-25,9%
RASK
20,6%
30,8%
Passenger RASK
-30,0%
-19,4%
R/Y
12,8%
15,4%
R/Y ex-currency
11,4%
18,3%
DOMESTIC
2021
1Q'22
ASK
-22,2%
-23,4%
RASK
-17,1%
-5,8%
Passenger RASK
-18,2%
-6,7%
R/Y
-10,1%
-4,6%
R/Y ex-currency
27,5%
111,7%
Revenue Yield (R/Y) Total Passenger Revenue / RPK
Passenger RASK: Total Passenger Revenue / ASK
RASK: Total Passenger and Cargo Revenue / ASK*
*ASK value is adjusted for cargo operations adding Cargo Available Ton Km.
5
All yield changes are in USD.
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Disclaimer
Turkish Airlines AO published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 12:20:07 UTC.
Turk Hava Yollari AO is a Turkey-based company, which provides passenger and cargo air transportation services. It operates under following business segments: Air Transport (Aviation), which consist of mainly domestic and international passenger and cargo air Transportation, as well as Technical Maintenance Services (Technical), which consist of mainly aircraft repair and maintenance services and providing technical and infrastructure support related to aviation sector. Its subsidiaries include: THY Teknik AS, engaged in aircraft maintenance services, as well as THY Ucus Egitim ve Havalimani Isletme AS, engaged in training and airport operations. The Company serves all domestic destinations as well as the Middle East, North America, Europe, Asia, North Africa and South Africa.
TÜRK HAVA YOLLARI ANONIM ORTAKLIGI 
