Türk Hava Yollari Anonim Ortakligi : 2022 - 3Q Earnings Call Presentation
November 02, 2022
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2022 Third Quarter Results
Investor Presentation
KEY
1.
2.
3.
4.
TAKEWAYS
SUMMARY
3Q'22
3Q'22
STRATEGY
OF 3Q'22
OPERATIONAL
FINANCIAL
AND
HIGHLIGHTS
HIGHLIGHTS
TARGETS
2
Total Revenues
Passenger Revenue
Cargo Revenue Cash & Liquidity Ex-Fuel CASK
52% higher revenue achieved in 3Q'22 compared to 3Q'19.
mn USD
6,068
3,999
3Q'193Q'22
Passenger revenue
surpassed 3Q'19 levels
by 46% as demand gained momentum.
mn USD
5,083
3,488
3Q'19 3Q'22
Cargo revenue more than doubled in 3Q'22 compared to 3Q'19.
mn USD
877
418
3Q'19 3Q'22
Liquidity remains strong
with ~4.5 bn USD
Cash & Eqv.
mn USD
30 Sep. 2022
4,492
31 Dec. 2021
2,682
Ex-Fuel unit cost
decreased by 5% in 3Q'22 compared to
3Q'19.
USc
4.434.19
3Q'193Q'22
Turkish Airlines offered the highest seat capacity in the world among the network carriers
International Seat Capacity Ranking (mn)1
(3Q'22)
Top 10 Airports in Europe2
(3Q'22)
Turkish
17.9
Airlines
14.6
Emirates
Lufthansa
13.1
Qatar
10.8
American
10.7
Air France
9.9
British
9.5
United
9.3
Delta
6.8
KLM
6.6
Ranked 3rd in 2019 with
15.9 mn.
Istanbul (IST)
London (LHR)
Parıs (CDG)
Amsterdam
Frankfurt
Madrid
Antalya
Barcelona
Mallorca
London (LGW)
19,957
18,133 17,404
15,704 15,102 14,793 14,593
13,099
11,956 11,574
1Network Carriers. Source: OAG.
Turkish Airlines climbed to 1st place in 3Q'22 from 3rd place in 2019 among the global network carriers.
2In terms of Passenger Volume (thousand). Source: Airports Council International Europe.
Turkish Airlines' main hub, Istanbul Airport was Europe's busiest airport in the third quarter of 2022.
4
Highest operational reliability among the European carriers
European Flight Cancellation Rates1
On Time Performance of
(3Q'22)
European Airports2
Turkish Airlines
Ryanair
Easyjet
Air France
British
Lufthansa
KLM
Wizz Air
0.3%
European
Average:
1.7%
0.9%
1.4%
1.4%
2.1%
Istanbul Airport (IST)
Istanbul (SAW)
Rome (FCO)
London (LHR)
Amsterdam
3.3% Frankfurt
3.4% Paris (CDG) 3.9%
73% 62%
73% 66%
70% 57%
63% 55%
60% 52%
59% 46%
57% 47%
1 Proportion of cancelled flights within 48 hours before departure. Source: OAG.
9M'22
3Q'22
2 On-time performance within 15 minutes after the scheduled departure time. Source: Eurocontrol.
Our flight cancellation rates were considerably lower
On time performance of the two airports in Istanbul
than those of our European peers in 3Q'22.
outperformed major European peers.
5
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Türk Hava Yollari AO published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2022 14:15:02 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 
