Turkish Airlines Free Cash Flow Generation Index
Turkish Airlines free cash flow generation index. Turkish Airlines (THYAO) has a Free Cash Flow Generation Index of 0.38x as of December 2025. Free cash flow of TL406.00 Million represents 0% of operating cash flow (TL1.07 Billion). Check Turkish Airlines liquid asset ratio to evaluate the company's liquid asset resilience ratio.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Turkish Airlines (2003–2025)
Free cash flow generation index of Turkish Airlines from 2003 to 2025. Historical FCF Generation Index trend for Turkish Airlines across 22 annual periods. Explore Turkish Airlines (THYAO) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Turkish Airlines Free Cash Flow Generation Index by Year (2003–2025)
Turkish Airlines free cash flow generation index by year from 2003 to 2025. Year-by-year Free Cash Flow Generation Index for Turkish Airlines. For the full cash flow conversion analysis, see THYAO operating cash flow.
| Year | FCG Index | Free Cash Flow (TRY) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.53x | TL2.28 Billion | TL4.30 Billion | TL2.02 Billion | ▼ -20.4% |
| 2024 | 0.67x | TL2.56 Billion | TL3.84 Billion | TL1.28 Billion | ▼ -19.1% |
| 2023 | 0.82x | TL4.04 Billion | TL4.91 Billion | TL866.58 Million | ▼ -4.0% |
| 2022 | 0.86x | TL100.37 Billion | TL117.01 Billion | TL16.64 Billion | ▲ +1384.1% |
| 2021 | 0.06x | TL2.85 Billion | TL49.36 Billion | TL7.54 Billion | ▲ +113.5% |
| 2020 | -0.43x | TL-2.40 Billion | TL5.60 Billion | TL8.00 Billion | ▼ -176.6% |
| 2019 | 0.56x | TL7.28 Billion | TL13.03 Billion | TL5.75 Billion | ▲ +27.5% |
| 2018 | 0.44x | TL4.21 Billion | TL9.61 Billion | TL5.40 Billion | ▼ -34.1% |
| 2017 | 0.66x | TL5.99 Billion | TL9.01 Billion | TL3.02 Billion | ▼ -52.1% |
| 2016 | 1.39x | TL2.69 Billion | TL1.94 Billion | TL751.64 Million | ▼ -7.3% |
| 2015 | 1.50x | TL6.05 Billion | TL4.04 Billion | TL2.01 Billion | ▼ -1.1% |
| 2014 | 1.51x | TL4.00 Billion | TL2.64 Billion | TL1.36 Billion | ▼ -15.0% |
| 2013 | 1.78x | TL5.06 Billion | TL2.84 Billion | TL2.22 Billion | ▲ +7.3% |
| 2012 | 1.66x | TL3.39 Billion | TL2.04 Billion | TL1.35 Billion | ▼ -1.9% |
| 2011 | 1.69x | TL2.63 Billion | TL1.55 Billion | TL1.08 Billion | ▼ -23.5% |
| 2010 | 2.21x | TL1.91 Billion | TL861.17 Million | TL1.04 Billion | ▼ -4.9% |
| 2009 | 2.33x | TL2.74 Billion | TL1.18 Billion | TL1.56 Billion | ▲ +101.3% |
| 2008 | 1.16x | TL1.71 Billion | TL1.48 Billion | TL230.33 Million | ▼ -66.7% |
| 2006 | 3.47x | TL1.51 Billion | TL435.57 Million | TL1.08 Billion | ▲ +66.4% |
| 2005 | 2.09x | TL909.05 Million | TL435.94 Million | TL473.12 Million | ▲ +52.2% |
| 2004 | 1.37x | TL439.02 Million | TL320.45 Million | TL118.56 Million | ▲ +22.1% |
| 2003 | 1.12x | TL577.50 Trillion | TL514.56 Trillion | TL62.94 Trillion | — |