TÜRK HAVA YOLLARI ANONIM ORTAKLIGI Turkish Airlines
Non-Deal Roadshow Presentation
September 2022
Presenters
Prof. Dr. Ahmet Bolat - Chairman of the Board and the Executive Commitee
- Prof. Dr. Ahmet Bolat serves as the Chairman of the Board and Executive Committee since the begining of 2022.
- Before being appointed as the Chairman, Prof. Bolat worked as Senior Vice President of Investment Management at Turkish Airlines between 2005-2012 and served as Chief Investment and Technology Officer between 2012 and 2022.
- During his tenure, Prof. Bolat managed strategic growth plan of Turkish Airlines and led the team which procured around 550 aircraft to Turkish Airlines fleet. Additionally, he was responsible for international relations&alliances managing bilateral relations along with partnetship and network development.
- Prof. Ahmet Bolat was also assigned as the Member of IATA Board of Governors in June 2022 for a three-year term.
- Before joining Turkish Airlines, he held various academic roles at the University of Michigan and King Saud University for 17 years.
- He graduated from Istanbul Technical University as an Industrial Engineer in 1981, followed by a Master's Degree at Stanford University - Operations Research program in 1984, and obtained Ph.D. in Industrial and Operations Engineering from the University of Michigan in 1988.
Assoc. Prof. Murat Şeker - Chief Financial Officer & Member of the Board and the Executive Commitee
- Assoc. Prof. Murat Şeker was appointed as the CFO of Turkish Airlines in July 2016.
- He also serves as a Member of the Board and Executive Committee of Turkish Airlines since March 2021.
- Mr. Şeker worked at Financial and Private Sector Development Senior Vice Presidency of World Bank between 2008 and 2013.
- During his tenure at the World Bank, Dr. Şeker was responsible for operational project management; production of reports and research publications on innovation and entrepreneurship ecosystem, international trade and development of economic policies that contribute to the growth of developing countries.
- He returned to Türkiye in 2013 and worked at Ziraat Bank between 2013 and 2016 as SVP of Investor Relations and Financial Institutions Department.
- Between 2015 and 2018, Assoc. Prof. Şeker lectured as part-time professor at Boğaziçi University, Faculty of Economics and Administrative Sciences.
- He earned his undergraduate degree in Industrial Engineering from Marmara University in 2000, Master's Degree in Economics from Sabanci University in 2002 and followed by a Phd. in Economics from University of Minnesota, USA in 2008.
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Turkish Airlines at a Glance
Countries We Fly To: 129 | Int'l Seat Capacity: 61.3 mn | |
Global ranking: 1st | 1st among network carriers in August | |
Passenger Destinations: 340 | Fleet Size: 388 aircraft | Work Force: |
Global ranking: 3rd | Global ranking: 9th | c. 65,000 |
Cargo Destinations: 355 | Average Fleet Age: 8.7 Years | |
Global ranking: 1st | Global ranking: 3rd | |
Flies to more | "Most Sustainable | Istanbul Airport is | Surpassed 2019 | |||||
National Flag Carrier | Flag Carrier Airline | |||||||
countries globally | among the biggest | capacity levels by | ||||||
of Türkiye | in 2022" | |||||||
than any other airline | hubs in the world | 14% in August 2022 | ||||||
World Finance | ||||||||
Founded in 1933, Turkish Airlines has 18 Subsidiaries and JVs
Cons. Revenue (LTM 1H'22) : 11.2 bn USD | ||
Total Number of Personnel: 64,592 | ||
MRO | Fuel Services | Transportation |
• | International Investment | ||
and Transport Inc. | |||
1,693 mn USD | 2,839 mn USD | 1,216 mn USD | |
9,339 Personnel | 572 Personnel | 3,773 Personnel | |
Ground Handling | Catering | Others | Cabin Interior & IFE |
314 mn USD | 241 mn USD | 47 mn USD | 15 mn USD |
16,462 Personnel | 5,037 Personnel | 1,120 Personnel | 294 Personnel |
Note: For Subsidiaries and JVs LTM 1H'22 revenues, not just the portion attributable to Turkish Airlines. | 4 |
Number of personnel is given as of 30.06.2022. | |
Turkish Airlines' market share more than tripled in the last two decades
Global Market Share Trends1 | ||||
(2010-1H'22) | ||||
5.2% | ||||
2nd most market share gaining | ||||
4.9% | 4.7% | |||
airline between 2010-2022. | ||||
3.4% | 3.3% | 2.8% | ||
2.8% | 2.6% |
2.0% 1.6% 1.7% 1.4%
1 American | 2 United | 3 Delta | 4 Emirates | 5 Southwest | 6 Ryanair | 7 Qatar | 8 | Turkish Airlines | 9 Air France | 10 Lufthansa | 11 British | 12 KLM | |||||||
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 1H'22 | |||||||
Turkish Airlines Market Share Development (in ASK)
380,000,000 | 2.4% | 2.6% | |||||
330,000,000 | |||||||
1.8% | 1.9% | 1.8% | 1.8% | 1.8% | |||
280,000,000 | 1.6% | ||||||
230,000,000 | 188 | ~3x | 207 | ||||||
182 | |||||||||
154 | 170 | 173 | |||||||
180,000,000 | |||||||||
128 | |||||||||
130,000,000 | |||||||||
75 | |||||||||
80,000,000 | |||||||||
30,000,000 | |||||||||
-20,000,000 | |||||||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | ||
Turkish Airlines Capacity1 | Turkish Airlines' Marketshare | ||||||||
1In terms of billion Available Seat Kilometers (ASK). Source: IATA.
3.0%
2.0%
Turkish Airlines experienced a
1.0% robust recovery after the initial
0.0% shock of the pandemic.
-1.0%
-2.0%
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Disclaimer
Türk Hava Yollari AO published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2022 14:09:02 UTC.
