Turkish Airlines (THYAO) — Cash Flow Reinvestment Rate
Turkish Airlines (THYAO) has a Cash Flow Reinvestment Rate of 2.02x as of December 2025, reinvesting TL2.15 Billion (capex TL660.00 Million plus investments TL-1.49 Billion) from operating cash flow of TL1.07 Billion. Explore capital reinvestment ratio of Turkish Airlines to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Turkish Airlines Cash Flow Reinvestment Rate (2003–2025)
Historical reinvestment intensity for Turkish Airlines across 22 annual periods. Also explore total assets of Turkish Airlines for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Turkish Airlines (2003–2025)
Year-by-year capital reinvestment analysis for Turkish Airlines. For live market cap and broader valuation context, see market cap of Turkish Airlines.
| Year | Reinvestment Rate | Total Reinvested (TRY) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.05x | TL4.51 Billion | TL4.30 Billion | TL2.02 Billion | ▲ +61.5% |
| 2024 | 0.65x | TL2.49 Billion | TL3.84 Billion | TL1.28 Billion | ▼ -39.7% |
| 2023 | 1.08x | TL5.28 Billion | TL4.91 Billion | TL866.58 Million | ▲ +346.4% |
| 2022 | 0.24x | TL28.19 Billion | TL117.01 Billion | TL16.64 Billion | ▲ +57.7% |
| 2021 | 0.15x | TL7.54 Billion | TL49.36 Billion | TL7.54 Billion | ▼ -92.0% |
| 2020 | 1.90x | TL10.66 Billion | TL5.60 Billion | TL8.00 Billion | ▲ +290.4% |
| 2019 | 0.49x | TL6.35 Billion | TL13.03 Billion | TL5.75 Billion | ▼ -35.2% |
| 2018 | 0.75x | TL7.23 Billion | TL9.61 Billion | TL5.40 Billion | ▲ +90.7% |
| 2017 | 0.39x | TL3.55 Billion | TL9.01 Billion | TL3.02 Billion | ▼ -21.7% |
| 2016 | 0.50x | TL977.05 Million | TL1.94 Billion | TL751.64 Million | ▼ -33.4% |
| 2015 | 0.76x | TL3.05 Billion | TL4.04 Billion | TL2.01 Billion | ▲ +31.7% |
| 2014 | 0.57x | TL1.52 Billion | TL2.64 Billion | TL1.36 Billion | ▼ -26.6% |
| 2013 | 0.78x | TL2.22 Billion | TL2.84 Billion | TL2.22 Billion | ▲ +18.2% |
| 2012 | 0.66x | TL1.35 Billion | TL2.04 Billion | TL1.35 Billion | ▼ -4.6% |
| 2011 | 0.69x | TL1.08 Billion | TL1.55 Billion | TL1.08 Billion | ▼ -42.9% |
| 2010 | 1.21x | TL1.04 Billion | TL861.17 Million | TL1.04 Billion | ▼ -8.5% |
| 2009 | 1.33x | TL1.56 Billion | TL1.18 Billion | TL1.56 Billion | ▲ +751.9% |
| 2008 | 0.16x | TL230.33 Million | TL1.48 Billion | TL230.33 Million | ▼ -93.7% |
| 2006 | 2.47x | TL1.08 Billion | TL435.57 Million | TL1.08 Billion | ▲ +127.6% |
| 2005 | 1.09x | TL473.12 Million | TL435.94 Million | TL473.12 Million | ▲ +193.3% |
| 2004 | 0.37x | TL118.56 Million | TL320.45 Million | TL118.56 Million | ▲ +202.5% |
| 2003 | 0.12x | TL62.94 Trillion | TL514.56 Trillion | TL62.94 Trillion | — |