Categories Company & Industry HIGHLIGHTS Turkish airports serve +230 million passengers in 2024 Cem CetingucPosted on6 January, 20256 January, 2025 Türkiye’s aviation sector has reached new heights, with Transport and Infrastructure Minister Abdulkadir Uraloğlu announcing that the country’s airports served a … Continue ReadingTurkish airports serve +230 million passengers in 2024
Categories Company & Industry Emerging Markets General HIGHLIGHTS Turkey on route to be the market leader air freight Cem CetingucPosted on28 September, 2022 Turkey’s location as a burgeoning crossroads for international trade, combined with growing demand for air … Continue ReadingTurkey on route to be the market leader air freight
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Aviation: Heading towards a strong summer Cem CetingucPosted on8 June, 2022 Shift in traffic mix towards international routes should support profitability. Despite the headwinds from Omicron … Continue ReadingTurkish Aviation: Heading towards a strong summer
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Airlines: Cargo and FX remain near-term drivers Cem CetingucPosted on21 January, 2022 Cargo-driven FY21 sets a high base for FY22e profits. With revised forecasts in this note, … Continue ReadingTurkish Airlines: Cargo and FX remain near-term drivers
Categories Business Company & Industry Pegasus (PGSUS TI) evolving towards a recovery: Buy Cem CetingucPosted on16 October, 202116 October, 2021 Traffic and revenue Traffic moving in line with the company’s expectations, evolving towards a recovery … Continue ReadingPegasus (PGSUS TI) evolving towards a recovery: Buy
Categories Business Company & Industry Pegasus (PGSUS TI) : Buy: 2021 HSBC Global Emerging Markets Forum takeaways Cem CetingucPosted on5 October, 2021 Traffic and revenue. Traffic moving in line with the company’s expectations, evolving towards a recovery … Continue ReadingPegasus (PGSUS TI) : Buy: 2021 HSBC Global Emerging Markets Forum takeaways
Categories Company & Industry Finance HSBC: Turkish Aviation sector Cem CetingucPosted on27 August, 2021 Normalisation on track and risks appear more manageable: Air traffic in Turkey is exhibiting a … Continue ReadingHSBC: Turkish Aviation sector
Categories Business Company & Industry EEMEA Aviation: Optimism with reason but with caution Cem CetingucPosted on5 July, 2021 Summer reopenings continue amid vaccine rollout acceleration: In our previous sector update (EEMEA Airlines: Reopening … Continue ReadingEEMEA Aviation: Optimism with reason but with caution
Categories General Turkish companies outlook: Strong demand and cost cutting reflects on YoY profits Cem CetingucPosted on23 April, 2021 Turkey coverage aggregate Q1 non-bank profit to grow 4x y-o-y, fall 2% q-o-q We present … Continue ReadingTurkish companies outlook: Strong demand and cost cutting reflects on YoY profits
Categories Company & Industry THY: Strong positioning, geared to leisure travel recovery; reiterate Buy Cem CetingucPosted on30 March, 2021 We revise our estimates for Turkish Airlines (THY). Reflecting more upbeat expectations from management post … Continue ReadingTHY: Strong positioning, geared to leisure travel recovery; reiterate Buy
Categories Company & Industry Prepare for Collusion: Covid-19 Outbreak and Aviation Industry Editor P.A.Posted on20 May, 202029 May, 2020 The negative effects of the epidemic first appeared in aviation shares as far as Turkey’ … Continue ReadingPrepare for Collusion: Covid-19 Outbreak and Aviation Industry