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)

Unit Revenue Development

RASK (USc)

30,8%

6,5%

1Q'19

1Q'22

1Q'22 ex-currency

2019

2021

2021 ex-currency

Passenger RASK (USc)

9,9%

-12,5%

5,86

5,95

5,33

5,12

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%

8,35

7,30

7,29

7,37

7,67

6,66

1Q'19

Revenue Yield (R/Y) Total Passenger Revenue / RPK Passenger RASK: Total Passenger Revenue / ASK

RASK: Total Passenger and Cargo Revenue / ASK*

1Q'22

1Q'22 ex-currency

2019

2021

*ASK value is adjusted for cargo operations adding Cargo Available Ton Km.

2021 ex-currency

4

Regional Yield Development (vs 2019)

AMERICAS 2021

ASK

RASK Passenger RASK

R/Y

R/Y ex-currency

8,7% 1,7%

1Q'22 52,6% 14,8%

  • -23,4% -15,7%

-5,0% -5,3%

5,2% 8,3%

AFRICA

ASK

RASK Passenger RASK

R/Y

R/Y ex-currency

2021

1Q'22

-34,0%

-6,7%

10,6%

21,7%

-3,3%

7,3%

12,1%

11,7%

10,9%

15,6%

Revenue Yield (R/Y) Total Passenger Revenue / RPK Passenger RASK: Total Passenger Revenue / ASK RASK: Total Passenger and Cargo Revenue / ASK* All yield changes are in USD.

EUROPE

ASK

RASK Passenger RASK

R/Y

R/Y ex-currency

2021

1Q'22

-35,2%

-13,7%

2,7%

19,6%

-7,5%

11,1%

4,3%

15,1%

2,0%

21,5%

MIDDLE EAST

ASK

RASK Passenger RASK

R/Y

R/Y ex-currency

FAR EAST

RASK Passenger RASK

  • R/Y 12,8% 15,4%

  • R/Y ex-currency 11,4% 18,3%

DOMESTIC

2021

1Q'22

-49,1%

-32,0%

7,0%

21,7%

-1,7%

15,6%

  • Passenger RASK -18,2% -6,7%

    3,1%

    10,6%

    2,3%

    12,9%

    R/Y ex-currency

    *ASK value is adjusted for cargo operations adding Cargo Available Ton Km.

    ASK

    2021 -51,7% 20,6% -30,0%

    1Q'22 -25,9% 30,8% -19,4%

    2021

    1Q'22

  • ASK -22,2% -23,4%

  • RASK -17,1% -5,8%

  • R/Y -10,1% -4,6%

27,5%

111,7%

5

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Turkish Airlines AO published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 05:23:08 UTC.