Aerohaber.com / Istanbul, 29 April 2025 – Turkish Airlines (THY) has disclosed its summary consolidated financial results for the three-month period ending 31 March 2025. Despite global fluctuations in the aviation industry, the company maintained its strong balance sheet and operational performance, while continuing its investments and growth without interruption.
Q1 2025 Financial Results
As of 31 March 2025, Turkish Airlines’ total assets reached TRY 1.534 trillion, marking a 10% increase compared to the end of the previous year. This growth was mainly driven by an expansion in fixed assets and effective cash management within current assets.
Current assets rose to TRY 352.7 billion, with cash and cash equivalents standing at TRY 88.8 billion. Financial investments also performed strongly, reaching TRY 120.1 billion.
On the fixed assets side, Turkish Airlines stood out with its investments in aircraft and an increase in lease agreements. Right-of-use assets amounted to TRY 672.2 billion, while tangible fixed assets reached TRY 270.9 billion.
Strong Liability Management
Despite an increase in borrowings, Turkish Airlines managed its short-term liabilities at a sustainable level of TRY 393 billion. Long-term liabilities stood at TRY 424.5 billion. The company’s total equity reached TRY 717.4 billion, demonstrating a robust financial structure.
Operational Performance
In the first quarter of 2025, Turkish Airlines’ revenue increased by 20% compared to the same period of the previous year, reaching TRY 176.7 billion. However, due to rising operational expenses and financing costs, the company reported a net loss of TRY 1.85 billion for the period.
Gross profit stood at TRY 11.7 billion, while the operating loss from main activities was recorded at TRY 2.9 billion. Income from investment activities exceeded TRY 13 billion, making a significant contribution to total revenue.
Other Comprehensive Income Performance
Turkish Airlines also posted a positive performance in other comprehensive income. As of 31 March 2025, total comprehensive income reached TRY 37.5 billion. A TRY 42.3 billion increase driven by foreign currency translation differences played a key role in protecting foreign currency-based assets.
