Turkish Airlines Aviation Stats (February 2025)
Tacirler Investment
We evaluate Turkish Airlines’ February traffic data as "Slightly Negative."
The decline in domestic passenger numbers pressured overall traffic. Although international passenger growth partially balanced the results, passenger growth contracted. Cargo volume remained flat YoY due to the high base effect of a strong 2024. We maintain THYAO in our Model Portfolio with a target price of TL428.00 and a 27% upside potential, keeping our BUY recommendation.