Turkish Airlines releases transcript of Q2 2026 earnings call
Reuters2026/08/05 19:05- Turkish Airlines’ 2Q 2026 earnings call drew Chairman Prof. Murat Şeker, CFO Metin Gülşen, IR head Mehmet Fatih Korkmaz.
- 2Q revenue topped USD 7.2 billion; net income nearly USD 200 million; EBITDAR USD 906 million, margin 12.6% amid higher fuel.
- Middle East conflict cut regional capacity about 60% in March–April; 2Q network capacity growth slowed to 1% from a 9% plan.
- Management estimated 1H net negative war impact near USD 900 million; fuel expense up USD 1.3 billion on a roughly 90% jet-fuel surge.
- Revenue actions added about USD 700 million versus budget; fuel surcharges delivered about USD 400 million, ancillary pricing about USD 150 million.
- Middle East operations: 14 of 28 destinations active in nine countries; about 300 weekly frequencies versus 400 pre-war; Iran still shut.
- 2026 outlook: passenger capacity growth about 4%; 3Q EBITDAR margin guided at 20%-25%; gross CAPEX USD 4.5-5 billion.
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