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500 TURKISH AIRLINES STAR ALLIANCE 2Q'26 Results Investor Presentation TC - LHH Jet SunExpress TGS TURKISH CARGO TURKISH GROUND SERVICES TURKISH TECHNIC TURKISH DO CO we WORLD TURKISH TECHNOLOGY tkpay TURKISH NACELLE CENTER TSS widect Collins Aerospace TURKISH TECHNIC TFS HOANG FLAL SERVI Right Academy TURKISH AIRLINES Dpet AIRCRAFT TC INTERIORS TE
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Key Financial Data 1 ASK: Available Seat Kilometers 2 RASK2: Total Passenger and Cargo Revenue / ASK (Adjusted ASK by available cargo ton kilometer) 3 Revenue Yield (R/Y): Total Passenger Revenue / RPK (Revenue Passenger Kilometers) 2Q'25 2Q'26 Change (USD mn) 1H'25 1H'26 Change 5,980 7,205 20.5% Total Revenues 10,867 13,122 20.8% 4,938 5,675 14.9% Passenger Revenue 8,867 10,387 17.1% 802 1,267 58.0% Cargo Revenue 1,564 2,254 44.1% 184 149 -19.0% Technic Revenue 325 296 -8.9% 706 -64 - Profit From Main Operations 630 -121 - 691 197 -71.5% Net Income 647 423 -34.6% 11.6% 2.7% -8.8 pt Net Income Margin 6.0% 3.2% -2.7 pt 1,536 906 -41.0% EBITDAR 2,199 1,674 -23.9% 25.7% 12.6% -13.1 pt EBITDAR Margin 20.2% 12.8% -7.5 pt 67.9 68.7 1.2% ASK 1(Billion) 128.9 135.5 5.1% 7.67 8.93 16.5% RASK22 (incl. ACTK) 7.34 8.25 12.4% 8.85 9.83 11.1% Revenue Yield (R/Y)3 (Usc) 8.45 9.16 8.4% 23.3 23.2 -0.3% Passengers Carried (Million) 42.2 44.5 5.5% 82.2% 84.0% 1.8 pt L/F (%) 81.4% 83.7% 2.3 pt 540 601 11.3% Carried Cargo Tons ('000) 1,021 1,157 13.3% Constrained market supply due to geopolitics led to 58% higher Cargo Revenue. 41% decrease in EBITDAR caused mainly by rising fuel expenses. Investment portfolio contributions continued to support the bottom line. Passenger Revenues rose by 15% benefitting from strong volume and unit revenue growth. Financial Highlights (2Q’26) 2
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Other (10%) Cargo (58%) Passenger (15%) Revenue Development 5,980∑ 7,205∑ 2Q’25 2Q’26 4,938 +496 +57 (mn USD) -72 +622 +122 CurrencyVolumePassenger RASK (Ex-Currency, Ex-L/F) Load Factor Cargo and Other Revenue (Ex-Currency) 5,675 Total Revenue (20%) Revenue Development (2Q’26 vs 2Q’25) 3 +802 +240 +263 +1,267 Other (10%) Cargo (44%) Passenger (17%) 10,867∑ 13,122∑ 1H’25 1H’26 8,867 +736 +287 (mn USD) +26 +758 +448 CurrencyVolumePassenger RASK (Ex-Currency, Ex-L/F) Load Factor Cargo and Other Revenue (Ex-Currency) 10,387 Total Revenue (21%) Revenue Development (1H’26 vs 1H’25) +1,564 +436 +481 +2,254