1H'22 RESULTS SUMMARY

Key Financial Data

2Q'19

2Q'22

Change

(USD mn)

1H'19

1H'22

Change

3.181

4.535

42,6%

Total Revenues

5.949

7.586

27,5%

2.696

3.375

25,2%

Passenger Revenue

4.971

5.365

7,9%

393

1.064

170,7%

Cargo Revenue

799

2.044

155,8%

80

87

8,7%

Technic Revenue

150

164

9,3%

10

520

5100,0%

Net Operating Profit / Loss

-193

664

-

15

530

3433,3%

Profit From Main Operations

-135

693

-

26

576

2115,4%

Net Income

-203

737

-

0,8%

12,7%

11,9 pt

Net Income Margin

-3,4%

9,7%

13,1 pt

561

1.132

101,8%

EBITDAR

919

1.842

100,4%

17,6%

25,0%

7,3 pt

EBITDAR Margin

15,5%

24,3%

8,8 pt

46.112

51.791

12,3%

ASK (Billion)

88.767

90.629

2,1%

5,94

7,59

27,6%

RASK2 (incl. ACTK)1

5,76

7,14

24,1%

7,29

8,18

12,2%

Revenue Yield (R/Y) (USc)

6,99

7,83

12,0%

18.374

18.234

-0,8%

Passengers Carried ('000)

35.113

30.899

-12,0%

80,2%

79,7%

-0,6 pt

L/F (%)

80,1%

75,6%

-4,5 pt

RASK2: Total Passenger and Cargo Revenue / ASK21

1ASK value is adjusted by ACTK in order to include cargo operations as it has a reasonable share in our total cost base.

Total revenues exceeded 2019 levels in the second quarter by 43%.

Cargo revenues more than doubled

compared to 2019.

Profit From Main Operations reached to 530 million USD.

EBITDAR Margin recorded as 25% above

2019 level.

2

Revenue Development (2Q'22 vs 2Q'19)

(mn USD)

Cargo and Other

Volume

Load Factor

Currency

Revenue

(Ex-Currency)+332 -24

-681

Pax RASK

(Ex-Currency,+784 Ex-L/F)

+943

2.696

3.375

Passenger (25%)

393

Cargo (171%)

1.064

92

Other (4%)

96

∑ 3.181

Total Revenue (43%)

∑ 4.535

2Q'19

2Q'22

Revenue Development (1H'22 vs 1H'19)

(mn USD)

Cargo and Other

Revenue

Volume

(Ex-Currency)

Load Factor

Currency

-321

Pax RASK

+105

-1.055

(Ex-Currency,

+1.447

Ex-L/F)

+1.461

5.365

4.971

Passenger (8%)

799

Cargo (156%)

2.044

179

Other (-1%)

177

∑ 5.949

Total Revenue(28%)

∑ 7.586

1H'19

1H'22

Unit Revenue Development

RASK2 (incl. ACTK) (USc)

Passenger RASK (USc)

Revenue Yield (R/Y) (USc)

44,8%

39,1%

7,59

8,61

8,01

7,14

5,95

5,76

2Q'19

2Q'22

2Q'22 ex-currency

1H'19

1H'22

1H'22 ex-currency

29,6%

21,8%

6,52

7,57

6,82

5,85

5,60

5,92

2Q'19

2Q'22

2Q'22 ex-currency

1H'19

1H'22

1H'22 ex-currency

30,5%

29,1%

9,51

9,02

8,18

7,83

7,29

6,99

2Q'19

2Q'22

2Q'22 ex-currency

1H'19

1H'22

1H'22 ex-currency

RASK2: Total Passenger and Cargo Revenue / ASK21

1ASK value is adjusted by ACTK in order to include cargo operations as it has a reasonable share in our total cost base.

Revenue Yield (R/Y) Total Passenger Revenue / RPK

Passenger RASK: Total Passenger Revenue / ASK

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Turkish Airlines AO published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 15:30:08 UTC.