Turkish Airlines (THYAO) — Financial Flexibility Index
Turkish Airlines (THYAO) has a Financial Flexibility Index of 0.07x as of December 2025. Free cash flow of TL1.73 Billion (operating CF TL1.07 Billion minus capex TL660.00 Million) represents 0% of total liabilities (TL25.29 Billion). Check Turkish Airlines PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Turkish Airlines Financial Flexibility Index (2003–2025)
Historical Financial Flexibility Index trend for Turkish Airlines across 22 annual periods. See Turkish Airlines short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Turkish Airlines (2003–2025)
Year-by-year free cash flow to debt coverage for Turkish Airlines. For the full company profile including market capitalisation, see THYAO company net worth.
| Year | Flexibility Index | Free Cash Flow (TRY) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.25x | TL6.32 Billion | TL4.30 Billion | TL25.29 Billion | ▲ +3412.7% |
| 2024 | 0.01x | TL5.12 Billion | TL3.84 Billion | TL719.59 Billion | ▼ -27.0% |
| 2023 | 0.01x | TL5.78 Billion | TL4.91 Billion | TL592.98 Billion | ▼ -97.1% |
| 2022 | 0.34x | TL133.65 Billion | TL117.01 Billion | TL397.14 Billion | ▼ -88.3% |
| 2021 | 2.89x | TL56.90 Billion | TL49.36 Billion | TL19.70 Billion | ▲ +3040.2% |
| 2020 | 0.09x | TL13.60 Billion | TL5.60 Billion | TL147.89 Billion | ▼ -91.3% |
| 2019 | 1.05x | TL18.78 Billion | TL13.03 Billion | TL17.83 Billion | ▲ +3.2% |
| 2018 | 1.02x | TL15.01 Billion | TL9.61 Billion | TL14.70 Billion | ▲ +8.3% |
| 2017 | 0.94x | TL12.03 Billion | TL9.01 Billion | TL12.77 Billion | ▲ +368.1% |
| 2016 | 0.20x | TL2.69 Billion | TL1.94 Billion | TL13.38 Billion | ▲ +11.6% |
| 2015 | 0.18x | TL6.05 Billion | TL4.04 Billion | TL33.55 Billion | ▲ +2.4% |
| 2014 | 0.18x | TL4.00 Billion | TL2.64 Billion | TL22.72 Billion | ▼ -35.8% |
| 2013 | 0.27x | TL5.06 Billion | TL2.84 Billion | TL18.44 Billion | ▲ +8.4% |
| 2012 | 0.25x | TL3.39 Billion | TL2.04 Billion | TL13.38 Billion | ▲ +14.8% |
| 2011 | 0.22x | TL2.63 Billion | TL1.55 Billion | TL11.91 Billion | ▼ -20.1% |
| 2010 | 0.28x | TL1.91 Billion | TL861.17 Million | TL6.90 Billion | ▼ -48.3% |
| 2009 | 0.53x | TL2.74 Billion | TL1.18 Billion | TL5.13 Billion | ▲ +52.5% |
| 2008 | 0.35x | TL1.71 Billion | TL1.48 Billion | TL4.89 Billion | ▼ -30.8% |
| 2006 | 0.51x | TL1.51 Billion | TL435.57 Million | TL2.99 Billion | ▲ +26.1% |
| 2005 | 0.40x | TL909.05 Million | TL435.94 Million | TL2.27 Billion | ▲ +67.9% |
| 2004 | 0.24x | TL439.02 Million | TL320.45 Million | TL1.84 Billion | ▼ -14.6% |
| 2003 | 0.28x | TL577.50 Trillion | TL514.56 Trillion | TL2065.74 Trillion | — |