Investor Presentaiton
Balanced Exposure to Specific Business Segments and Regions
More than 90% of the revenues are generated outside of Türkiye
Segment
2017
Technic
Other 1.3%
1.6%
9M'23
Other 0.9%
Technic
2.4%
Diversified revenue base increases our ability to adapt to different
macro economic conditions.
Passenger
■ Cargo
■ Technic
■ Other
Region
12.0%
85.1%
2017
11.4%
Regional revenue distribution provides a natural hedge against FX
volatility as well as geopolitical risks.
60% of our revenues are in hard currencies¹.
Currency Exposure² (9M'23)
EUR (bn USD)
85.3%
USD (bn USD)
9M'23
Revenues
USD 2.5
Cor.1
Revenues
TRY (bn USD)
Revenues
■ Europe
9%
■ Far East
29%
13%
21%
■ Domestic
■ Middle East
12%
■ Americas
10%
-7.6
13%
24%
8%
22%
7%
Net
EUR
Cor.1
1.2 Long
32%
USD 6.1 Net
EUR 4.3 +4.0
Long
+1.0
1.4
-1.5
-2.4
-3.8
Net
Short
■ Africa
TURKISH AIRLINES
A STAR ALLIANCE MEMBER
1 Currencies that are highly correlated (85%) with USD and EUR comprise 90% of our total revenues.
285% correlation with USD and EUR considered as USD and EUR correlated respectively.
Expenses
Expenses
Expenses
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