Turkish Airlines (THYAO) — Cash Flow Quality Index
Turkish Airlines (THYAO) has a Cash Flow Quality Index of 0.03x as of December 2025. Operating cash flow of TL1.07 Billion is below net income of TL38.78 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore cash flow conversion of Turkish Airlines to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Turkish Airlines Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for Turkish Airlines across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check THYAO total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Turkish Airlines (2003–2025)
Year-by-year earnings quality comparison for Turkish Airlines. For live market cap and the full company financial profile, see market value of Turkish Airlines.
| Year | Quality Index | Operating CF (TRY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.48x | TL4.30 Billion | TL2.91 Billion | ▲ +4264.9% |
| 2024 | 0.03x | TL3.84 Billion | TL113.38 Billion | ▲ +32.6% |
| 2023 | 0.03x | TL4.91 Billion | TL192.28 Billion | ▼ -99.0% |
| 2022 | 2.47x | TL117.01 Billion | TL47.43 Billion | ▼ -59.0% |
| 2021 | 6.01x | TL49.36 Billion | TL8.21 Billion | ▲ +109.2% |
| 2019 | 2.87x | TL13.03 Billion | TL4.54 Billion | ▲ +20.9% |
| 2018 | 2.38x | TL9.61 Billion | TL4.04 Billion | ▼ -83.1% |
| 2017 | 14.10x | TL9.01 Billion | TL639.00 Million | ▲ +944.3% |
| 2015 | 1.35x | TL4.04 Billion | TL2.99 Billion | ▼ -7.1% |
| 2014 | 1.45x | TL2.64 Billion | TL1.82 Billion | ▼ -65.1% |
| 2013 | 4.16x | TL2.84 Billion | TL682.71 Million | ▲ +131.2% |
| 2012 | 1.80x | TL2.04 Billion | TL1.13 Billion | ▼ -97.9% |
| 2011 | 83.83x | TL1.55 Billion | TL18.52 Million | ▲ +2688.3% |
| 2010 | 3.01x | TL861.17 Million | TL286.44 Million | ▲ +42.9% |
| 2009 | 2.10x | TL1.18 Billion | TL559.08 Million | ▲ +61.3% |
| 2008 | 1.30x | TL1.48 Billion | TL1.13 Billion | ▼ -44.4% |
| 2006 | 2.34x | TL435.57 Million | TL185.75 Million | ▼ -25.6% |
| 2005 | 3.15x | TL435.94 Million | TL138.23 Million | ▲ +5.4% |
| 2004 | 2.99x | TL320.45 Million | TL107.06 Million | ▲ +24.4% |
| 2003 | 2.41x | TL514.56 Trillion | TL213.86 Trillion | — |