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. Check Turkish Airlines cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
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. Explore Turkish Airlines long-term investment allocation to see how much of total assets are deployed in long-term investments.
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 Turkish Airlines (THYAO) market capitalisation.
| 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 | — |