Türk Hava Yolları A.Ş.

Turk Hava Yollari recorded revenue growth of more than 20% to $7.2 billion in Q2 2026, while EBITDA fell about 40% to $906 million due to higher fuel costs, currency headwinds and impacts from the Middle East conflict. Net profit was around $200 million, supported by investment income, and liquidity stood at $9.6 billion. The cargo business grew strongly (revenue +58%). Management expects capacity to rise 3–5% in Q3 and passenger yields to increase 6–8%, but continues to see high cost pressure from fuel (35–40% more expensive) as the biggest uncertainty. » Altro su de.investing.com

The share of Turk Hava Yollari AO dropped about 3.5% to 312.5 TRY after the company reported an operating net loss of USD 174 million for Q2/2026 (expectation: -101 million). Revenue slightly beat forecasts at USD 7,205 million, but EBITDA of USD 699 million missed the consensus (799 million). Higher, unhedged fuel costs of about USD 2,770 million weighed on profitability, despite strong traffic figures and passenger numbers of 44.5 million in the first half. » Altro su de.investing.com

Turk Hava Yollari has replaced its CEO and board chairman and filled several senior roles: Ahmet Olmustur is the new CEO, Murat Seker the new chairman of the board, Metin Gulsen the new CFO and Harun Basturk the new CCO. The company announced it will not pay a dividend from the 2025 net profit of 118.2 billion lira and will retain earnings to strengthen liquidity. The airline cited geopolitical instability and operational uncertainties resulting from the war in the Middle East as the reason. » Altro su de.investing.com