FINANCIAL DATA

> January – June 2009

OPERATIONAL DATA
> January – July 2009

Destinations

Disclaimer
This presentation is confidential and does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Turkish Airlines A.O (the “Company”) or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group nor shall it or any part of it form the basis of or be relied on in connection with any contract, investment decision or commitment whatsoever. This presentation has been made to you solely for your information and background and is subject to amendment. This presentation (or any part of it) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person (excluding the relevant person’s professional advisers) or published in whole or in part for any purpose without the prior written consent of the Company. This presentation includes forward-looking statements. These forward-looking statements include all matters that are not historical facts, statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties, including, without limitation, the risks and uncertainties set forth in the Company’s Offering Memorandum, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forwardlooking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The Company does not undertake any obligation to review or confirm analyst expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation.

2

Speakers
Dr. Temel KOTIL, CEO, Turkish Airlines
> Started his Turkish Airlines career in March 2003 as Executive Vice President (Technical) and was appointed as CEO in April 2005 > Ph.D. in Mechanical Engineering University of Michigan, USA > M.Sc. in Mechanical Engineering University of Michigan, USA > M.Sc. in Aerospace Engineering University of Michigan, USA > B.Sc. in Aerospace Engineering, Istanbul Technical University, Istanbul > Board Members of IATA, Turkish Airlines Inc, Turkish Airlines Technical Inc. and Sun Express Inc.

3

Speakers
COSKUN KILIÇ CFO, Turkish Airlines
> CFO as of March 2006 > M. Sc. in Finance, Urbana Champaign Illinois University, USA > M.A. Economics, Ankara University > Certified Public Accountant > Board Member of Sun Express

4

8 0.0 4.7 14.0 0.THY vs AEA THY vs AEA (Total) % Changed 30.4 2.0 16.2 AEA PAX ASK RPK 20.0 10.0 17.8 -8.5 11.4 -6.0 20.2 11.6 3.0 15.9 19.5 11.2 -4.8 -1.7 6.1 21.4 17.8 13.0 .0 1.0 TK AEA TK AEA TK 2007 2008 January .9 14.1 4.6 13.6 5.4 PAX ASK RPK THY vs AEA (Europe) % Changed 40.0 TK AEA TK AEA TK AEA -20.6 7.1 15.2 5.0 0 -10.0 13.July ‘09 2007 2008 January .5 7.3 -8.6 11.2 -5.0 15.7 3.July ‘09 5 -7.

5 5. 6 -7.9 1..0 4.0 10.THY vs AEA THY vs AEA (Middle East) % Changed 30.7 .4 8.7 TK 60. Far East and Africa routes are expected to grow higher than average during the years 2009-2010.1 16.3 PAX ASK RPK THY vs AEA (Far East) % Changed 26.9 1.7 10.5 9.July ‘09 Middle East.4 PAX ASK RPK 28.0 50.7 -7.5 54.7 3..4 28.7 3.1 11.7 10.0 TK AEA TK AEA TK AEA -10.3 14..0 3.3 27.3 28.4 9.0 30.0 TK AEA TK AEA AEA 2007 2008 January .2 61.6 -4.3 12.0 0.8 40.0 40.2 0.8 55.7 12.9 28.0 4.5 0.0 20.5 4.July ‘09 2007 2008 January .1 5. where THY has been successful in growing faster than AEA.

ANTEP HATAY 7 . MARAŞ . G. ADIYAMAN ADANA ANTALYA URFA ELAZIĞ DİYARBAKIR BATMAN VAN ÇANAKKALE BURSA ANKARA ESKİŞEHİR AĞRI İZMİR UŞAK KONYA NEVŞEHİR KAYSERİ DENİZLİ BODRUM DALAMAN MARDİN .Company Overview Destinations 36 DOMESTIC LINES ÇORLU İSTANBUL İSTANBUL SİNOP SAMSUN MERZİFON TRABZON KARS ERZURUM SİVAS ERZİNCAN MUŞ MALATYA K.

AFRICA (4) ADISABABA DAKAR LAGOS NAIROBI SOUTH AFRICA (2) CAPETOWN JOHENSBURG 8 .Company Overview Destinations AMERICAS (3) CHICAGO NEW YORK SAO PAOLO 119 INTERNATIONAL LINES EUROPE (65) AMSTERDAM ATHENS BAKU BARCELONA BASEL BELGRAD BERLIN BIRMINGHAM BRUSSELS BUCHAREST BUDAPEST CHISINAOU COLOGNE COPENHAGEN DUBLIN DONETSK DUSSELDORF DNEPREPETROVSK FRANKFURT GENEVA GOTEBORG HAMBURG HANNOVER HELSINKI KAZAN KIEV LEFKOSE LISBON LONDON LJUBLIANA LYON LVOV MANCHESTER MADRID MILAN MINSK MOSCOW MUNICH NICE NURNBERG ODESSA OSLO PARIS PRAG RIGA ROME ROSTOV PRISTINA UFA SARAJEVO SIMFEROPOL SKOPJE SOFIA STOCKHOLM STRASBOURG ST PETERSBURG STUTTGART TBILISI TIRANA VIENNA ZAGREB WARSAW ZURICH VENICE YEKATERINBURG FAR EAST (18) ALMATY ASKHABAT ASTANA BANGKOK BEIJING BISKEK DUSANBE HONG KONG JAKARTA KARACHI MUMBAI NEW DELHI OSAKA SHANGAI SEOUL SINGAPORE TASHKENT TOKYO CANADA (1) TORONTO NORTH AFRİCA (7) ALGERS BENGAZI CARIO CASABLANCA KHARTOUM TRIPOLI TUNUS MIDDLE EAST (19) AMMAN ABU DHABI ALEPPO BAGDAT BAHREYN BEIRUT DAMASCUS DUBAI DOHA JEDDAT KUWAIT MASHHAD MEDINAH MUSCAT RIYAD SANAA TEHRAN TEBRIZ TEL AVIV MID .

655 17.7 2006 152.6 2007 168.9 Jan .104 25.5 2006 78.828 3.6 2005 61.317 14.5% 4.Jul 2008 106.308 73.Jul 2009 63.448 5.534 73.Airline Sector in Turkey Passenger Traffic THY Passenger Traffic Domestic Landings ASK (million) RPK (million) Passenger # (‘000) L/F % THY Passenger Traffic Int’l Landings ASK (million) RPK (million) Passenger # (‘000) L/F % THY Passenger Traffic Total Landings ASK (million) RPK (million) Passenger # (‘000) L/F % 2005 65.7 2007 87.937 71.016 7.301 6.134 71.737 33.162 8.738 69.564 20.8pt 08 vs 09 18.735 37.540 4.417 11.251 19.910 7.5 08 vs 09 3.457 4.8 Jan .0 Jan .328 46.123 5.488 6.137 29.598 18.197 73.687 25.9% 0.384 4.071 30.292 13.1 2005 127.645 21.5% 14.6 2008 96.Jul 2008 52.7% -4.265 22.805 21.848 11.4% 9.652 72.777 6.Jul 2009 54.343 34.Jul 2008 vs 2009 Landing ASK (million) RPK (million) Passenger # (‘000) L/F % up by 11% up by 20% up by 12% up by 10% down by 4.Jul 2009 118.327 9.0 2007 81.770 15.4% -5.899 41.348 17.949 12.7 2008 92.170 8.536 36.4% 4.063 75.Jul 2008 53.9 Jan .5% THY Passenger Traffic Jan .855 27.5 points Significant Growth in Operational Data 9 .616 6.934 25.990 3.7 Jan .515 7.502 24.333 6.2% 14.117 5.593 8.689 24.924 9.383 16.213 8.984 73.5% 3.6 2008 189.041 67.521 75.9% 23.597 73.7% 12.626 29.528 74.217 68.636 72.6pt 08 vs 09 11.2 2006 73.906 73.811 20.619 30.3% 19.946 68.220 74.2 Jan .

capacity increased by 23.Traffic Development Load Factor % 50 45 40 35 30 25 46 20 42 15 26 24 24 37 25 10 5 0 2002 2003 2004 2005 2006 2007 2008 Jan .7.7 73.8 pt to 75. traffic increased by 4.5%.0 In 2009.Company Overview Passenger Traffic Capacity . 70 69.AnadoluJet’s L/F was 69.5% (-4.5 68.4% .Jul 2009 Million ASK RPK L/F % % 80 68.2 71.Jul 2008 Jan .2%.6 pt to 68. On international routes. capacity on domestic routes increased by 3.2%.7% while traffic increased by 12.5pt). traffic increased by 14.5 60 30 30 34 19 26 31 50 21 16 21 17 19 40 10 .5%. Anadolu Jet’s L/F was 81.7 72.0 70.9 74.8% Total capacity increased by 19.9 67.2%. while load factor decreased by 5.4%. load factor increased by 0. Load factor was 69.

120 1.814 3.000 1.228 396 2.167 1.Financial Highlights Revenues Total Revenues ( Mn€ ) DOMESTIC INTERNATIONAL OTHER 3.815 362 1.247 308 1.481 323 864 294 1.734 321 1.386 178 934 274 471 598 665 300 2002 2003 2004 2005 2006 2007 2008 1H’08 1H’09 Source: Financial statements released under Turkish CMB standards converted to € Euro using average exchange rates.208 401 2. Able to Sustain Revenue Growth While Increasing Capacity 11 .000 500 332 1.386 192 893 1.468 2.500 2.000 2.581 335 938 308 1.860 251 1.500 3.500 1.

converted to € Euro using average exchange rates 12 .Financial Highlights Revenues Change In R/Y (€) 30% DOMESTIC INTERNATIONAL TOTAL Change In Rask (€) 30% DOMESTIC INTERNATIONAL TOTAL 20% 20% 19% 11% 20% 22% 8% 7% 23% 9% 9% 8% 14% 5% 4% 12% 2% 6% 5% 12% 7% 6% 10% 10% 10% 5% 5% 0% 0% -9%-9% 2002 0% -10% -11% 2005 -11% 2006 2007 2008 -9% -7% -13% -10% -6% -12% -16% 2007 2008 -13% -16% -20% 2004 1H 2009 -20% 2004 2005 2006 1H 2009 Source: Financial statements released under Turkish CMB standarts.

7% Charter Pax Revenue Other 22.56% Africa 6.69% 5.7% 87.Financial Highlights Revenues Revenues Split (1H ‘09) Passenger Revenues Split by Geography 5.4% Source: Financial statements released under Turkish CMB standarts.2% 77.East Far East Europe 0.71% Int’l Domestic 39.01% 16. converted to € Euro using average exchange rates Breakdown of Passenger Revenue Constant Over the Years 13 .16% 12.87% America M.29% Cargo 3.

06% America 2.July 2009) International Foreign Carriers 32% 59% THY Other Turkish Carriers 9% 65.25% Europe Domestic THY Other Turkish Carriers 33% 67% Stable Market Share in International Traffic 14 .34% Market Shares (Jan.Company Overview Passenger Breakdown Int’l Traff ic Breakdown by Geography (Jan-July 2009) Africa 6.22% Far East 11.14% Middle East 15.

553.464 511.099.000.500. .000 -8% 20% 2% 34% 42% 30% 771.147. with an increase of 26% compared to the same period of 2008.Jul’ 2008 Jan .149.621 transit passengers in JanJul’09.670.Company Overview Transit Passengers Int’l to Int’l Transit Passengers (2000 .242 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009E Jan .259 393.453 30% 1.019.Jul’ 2009 Significant increase in Int’l to Int’l Transit Passengers 15 1. During Jan-Jul’09.000.833 574. 1.651 1. int’t to int’l passengers increased by %44 reaching to 1.00 4% 379.425 THY carried total of 2.626 564.147.000 41% 44% 1.199 500.149 798. Total transit passengers accounted for 19% of the passenger traffic.000 2.2009) 2.000 2.500.233 470.809 Int’l to int’l transit passengers’ share in total transit passengers is 43%.

171. 10 optional total of 35 Wide Body Long-Haul aircraft with double aisle and 50 firm.1 years.750 2010 5 3 8 Seat capacity increased by 25. 20 optional total of 70 Narrow Body Medium-Haul aircraft. According to the Fleet Plan for 2009-2023. decision was made to purchase 25 firm of which 7 /A330 and 7/B777-300ER ordered as of June 2009.9% in Jan-Jul ‘09 compared to the same period of 2008 16 . total seat capacity reached to 23. During 2009. annual lease payments expected to be approximately around $522 million in 2009.Company Overview Fleet Development Fleet as of July 2009 Type B737-800 B737-700 B737-400 A320-200 A321-200 A319-100 A330-200 A340 A310 B777-3ER A310 Cargo Total % Total 51 4 6 22 20 4 7 9 0 3 4 130 Owned 7 3 10 8% Financial Lease 38 12 14 5 69 52% Operational Lease 13 4 6 10 6 4 2 2 0 3 1 51 %39 As of July 2009. with an average age of 6. Fleet Additions Type B737-300 ER A330-300 Total Seat Capacity After Additions & Exits 2010 Seat Capacity 25.

3.419 17. due to rapid capacity increase.Company Overview Fleet Development Seat Capacity 23.931 17.238 18. However for Jan-Jul’09.594 22.672 10. seat capacity has increased by 91% in 2009.0 Hours 10.21 10. • Aircraft utilization has been rising due to better fleet composition and a more dynamic scheduling process.06 9.13 11.000 13.47 9.47 8.109 14.000 26% 18.31 11. the utilization has decreased.000 • Since 2004.858 8.0 Strong capacity growth and better flight utilization .407 23.171 10.12 10.07 10.40 11.0 -6% 10.000 2002 2003 2004 2005 2006 2007 2008 Jul ‘08 Jul ‘09 Average Daily Flight Utilization (hrs) 11.0 2002 2003 2004 2005 2006 2007 2008 17 Jan Jul‘08 Jan Jul‘09 11.000 12.

200 4% 1.121 • Personnel cost of THY per ASK was only €1.517 1.807 12.271 1.Company Overview Operating Efficiency Number of Personnel 12.984 10.000 2002 2003 2004 2005 2006 2007 2008 Jul ‘08 Jul ‘09 Passengers per Employees 1.000 6% • THY enjoys high personnel efficiency compared to its competitors. 2.018 1.2 cents for 1H’09 • 114 employees per aircraft and 927 passengers per employee for the Jan-Jul’09. 10.000 14.606 945 895 Jan Jul ‘08 700 200 2002 2003 2004 2005 2006 2007 2008 Employees per Aircraft 160 120 80 Jan Jul ‘09 -14% 927 166 158 150 134 124 127 132 40 0 18 2002 2003 2004 2005 2006 2007 2008 Jan Jul ‘08 Jan Jul ‘09 114 111 Personnel efficiency is the key driven while increasing fleet size .094 1.823 7.239 10.956 12.323 1.000 11.072 14.951 14.

Financial Highlights Operating Expenses Operating Expenses ( € Euro Mn ) ( € Mn ) Personnel Fuel Rents Maintenance Insurance Depreciation Landing Ground handling Passenger Catering Sales and Marketing General Administration Others 1H’08 295 447 55 60 6 98 93 66 63 96 8 19 % in Total 23% 34% 4% 5% 0% 7% 7% 5% 5% 7% 1% 1% 1H’09 316 288 103 81 11 92 120 83 75 117 12 15 % in Total 24% 22% 8% 6% 1% 7% 9% 6% 6% 9% 1% 1% 09/’08 % 7% -36% 89% 34% 74% -5% 29% 26% 18% 22% 47% -20% TOTAL Op.14 1.Cost per ASK (€ ) 1.306 6.313 5.18 1% -16%* Total Expenses stayed almost the same due to decrease in Fuel Expense 19 .

9 7.3 8.5 9.1 12.8 6.Financial Highlights Operating Expenses Operating Costs per ASK (€ Cent 1H ‘09) 20 10 0 SAS LH OS AA AF DL UA IB AY BA SQ TK 14.7 7.2 Change in CASK € (1H ‘09) 30% 20% 10% 0% -10% -20% DOMESTIC INTERNATIONAL TOTAL 16% 1% 0% -5% 2004 2005 14% 1% -8% -7% -9% 2006 11% 10% -4% 6% -13% -16% -14% * 11% -6% 2007 2008 1H ‘09 * The difference is due to monthly exchange and period-end exchange rate 20 .9 7.6 6.0 5.9 8.3 10.

Historical Highlights Operating Expenses % in Total Operating Expenses (2002 – 1H’09) 40% 35% 30% 25% Personel Expense Fuel Expense 34% 27% 23% 23% 24% 24% 16% 15% 20% 20% 24% 21% 28% 34% 20% 20% 15% 10% 2002 23% 24% 22% 2003 2004 2005 2006 2007 2008 1H ‘08 1H ‘09 Portion of Fuel Expenses Decreased Significantly 21 .

00 6.11 2004 2.67 5.00 5.45 1.66 2006 1.39 1.Historical Highlights Operating Expenses € Cost Per ASK (2002-1H ‘09) CASK Personel / ASK Fuel / ASK 10.47 2005 1.95 2002 1.31 0.00 2.22 1.10 1H ‘08 22 .11 2008 2.14 6.05 5.71 6.25 1.22 1.25 6.37 1.14 1H ‘09 4.00 8.18 1.53 5.95 5.34 1.36 6.85 2003 1.32 1.00 1.59 2007 0 0.

2008 3.9 19.3 8.9 61 2005 1.228 334 10.6 pt -64% (€ Euro Mn) Revenue EBIT EBIT Margin (%) EBITDA EBITDA Margin (%) EBITDAR EBITDAR Margin (%) 2004 1.77 232 16.74 131 1H '09 1.734 285 10.9 315 19.86 56 3.0 11.7 177 12.0 17.9 268 19.1 AF 1.27 165 11.81 149 Net Income 23 .5 LH 2.77 723 22.0 RY TK SQ 29.3 101 2007 2.7 5.0 29.2 56 2006 2.87 pt 16% 2.581 81 5.247 48 2.2 OS 2.6 320 17.Financical Highlights Ebitdar EBITDAR Margin % Comparison (1H 2009) 35.5 366 16.34 541 16.0 23.1 235 10.1 251 15.34 48 09/'08 % 0% -8% -0.0 235 12.0 5.41 598 1H '08 1.0 -1.386 73 5.43 pt -7% -0.386 79 5.5 SAS • Cost cutting policies had a positive impact on operating expenses.42 490 17.92 678 24.

60 3.04 3.47 Per ASK Fuel Cost (€ Cent) 1H 2009 4 2.57 3.8 1.3 • Although THY does not hedge.7 1.20 4.63% reduction since 2000 4. .82 3.84 3.5 1.89 3.THY Fuel Average Specific Fuel Consumption 4. the fleet average age will be lower which in return will increase THY’s fuel efficiency.60 3. its fuel expense per ASK is lower on the average compared to its peer group.8 1.40 3.3 2 2. 1.76 3.6 Litres/100 ASK 3. • Due to fleet expansion.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 Jan Jul ‘09 11.20 3.9 1.9 1.2 0 DL SAS SQ BA AF AY OS LH UA TK Fleet expansion will reduce fuel cost as well as fleet age 24 Source: Company annual reports & websites.77 3.7 1.80 3.67 THY Fleet 2008 3.00 3.

364 $142. fuel expenses decreased by 36%. Euro 618 703 -36% 447 288 Fuel Consumption 1H’08 Fuel Expense 1H’09 May 2008-July 2009 As a result of the implementation of fuel saving initiatives. As a result of this.910. fuel share in total operating costs of THY dropped from 34% in 1H’08 to 22% in 1H’09. we have realized the below figures: Fuel Savings (ton) Monetary Savings CO2 Emission Reduction (ton) THY FUEL SAVING PROGRAM 165.850 519. fuel consumption increased by 14%. despite a 17% increase in kilometers flown.THY Fuel Fuel Consumption/Fuel Expense 000 Tons • During 1H’09. 14% Mn.243 Young fleet helps to keep fuel consumption down and improves fuel efficiency 25 . • Turkish Airlines Fuel Saving Program started in April 2008 with the collaboration of IATA Green Team. • In 1H’09.

THY Currency breakdown Income by Currency (1H 2009) Other 33% USD 12% TRY 17% Euro 38% • THY’s income is diversified among the major currencies. • Due to its currency basket THY is very flexible on fx position. Expenses by Currency (1H 2009) TRY 33% Other 7% Euro 13% USD 47% 26 Diversified revenue & expense base and agility in pricing currency . • Although USD income is lower than USD expenses THY is able to cover its USD expenses from Euro income due to strong Euro against USD.

Iberia: 2. Lufthansa :3.Company Overview Highlights Blessed by its prime location • Turkey only 3hrs flight from 50 different countries • Increased focus on transit flights since 2002 • Increased focus on Business Class passengers since 2006 • Market leader in Turkey with a strong brand recognition • Member of Star Alliance Substantial cost advantage over rivals • Labor costsonly 1.5€.16€. SAS: 5.1€) • Profitable with room for further cost reductions 27 .2€per ASK (Austrian: 2.03€.

118 20.2 in the financial fitness* category * Representing a measure of an airline’s overall financial strength based on assessments of solvency.241 12. 46 51 29 31 30 28 18 11 21 17 15 32 36 11 30 28 15 9 8 7 12 11 9 16 12 9 4 4 5 12 1 1 ASSET MGT.534 3.562 4. mix of debt and equity capital.825 35.Ltd Air China Ltd China Southern Airlines Co Ltd US Airways Group Inc.Stockholm Delta Air Lines Thai Airways International AMR Corp.000 3.211 31. current ratio.743 22.758 15. Air Canada Asiana Airline Inc.194 6.185 4.775 23.823 14.893 7. Qantas Airways Ltd Lan Airlines SA Air New Zeland Ltd Aer Lingus Group PLc Iberia Lineas Aereas De Espana SA Finnair OYJ Hawaiian Holdings Inc. fixed-charge coverage. Air France-KLM All Nippon Airways Co Ltd Ana Alaska Air Group Inc Japan Airlines Corp Continantal Airlines Inc British Airways PLC Cathay Pasific Airways Ltd TAM SA Austrian Airlines Sas Ab.620 19.609 8. Korean Air Lines Co.104 12.130 TOTAL SCORE 75 65 63 62 59 55 51 51 49 43 42 35 35 35 29 28 28 24 22 20 19 18 16 15 14 7 6 5 2 1 1 1 LIQUIDITY 81 86 73 62 85 36 70 64 83 71 37 63 50 64 59 45 61 67 33 53 45 44 31 46 30 10 24 29 25 22 28 30 FINANCIAL EARNINGS HEALT PERF. operating income margin and debt service cover.196 11.807 4.760 8.982 14.281 3.697 5.292 6. 87 56 65 84 36 66 52 52 38 33 44 26 37 31 29 35 21 22 39 15 37 20 15 15 22 15 13 2 1 15 6 1 28 22 35 33 47 65 21 1 2 2 64 1 33 6 10 21 1 1 1 18 1 20 28 7 7 26 1 7 8 1 1 12 FUEL MGT. Ltd.766 9. 33 31 50 46 36 99 41 22 19 30 69 25 37 31 23 44 13 4 48 12 15 1 20 17 21 28 10 25 17 31 1 1 THY ranked No.107 3.O.157 1. SCORE DATE Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Mar 09 Mar 09 Dec 08 Mar 09 Dec 08 Mar 09 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 Dec 08 08 REVENUE $ mn 11. Source:Aviation Week 28 .203 1.357 7. UAL Corp China Eastern Airlies Corp.352 3.102 3.THY top Performing Companies RANK COMPANY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Singapore Airlines Ltd Deutsche Lufthansa AG Malaysian Airlines System Berhad Türk Hava Yolları A.

Suna ÇELEBİ / IR Manager Tel: +90 212-463-6363/3630 E-mail: ir@thy. Investor Relations Department Mr.Destinations THANK YOU Turkish Airlines Inc.com .Coşkun KILIÇ / CFO Ms.

30 . • During the 1H’09 posted revenue was 88. Turkish Cargo grew by 15% during the 1H’09.5 million Euro.784 tons.THY Cargo transportation Turkish Cargo • Leading cargo carrier in total export and import cargo in Turkey. • While Association of Eurepean Airlines member companies decreased by an average of 13%. carried cargo was 101. • Operates 21 destinations with its 4 A310-300 freighters besides 155 destinations with 130 passenger aircraft.

6% 50 0 2003 Source: Company 95 2004 2005 2006 2007 2008 1H 2008 89 1H 2009 31 Plans to Enlarge Freighter Fleet Aiming Higher Cargo Revenues . However. for the first half 2009.THY Cargo transportation Cargo Revenue (€ Mn) € Mn 250 200 150 100 136 144 160 175 179 201 • Cargo revenue has increased by 12% in 2008 compared to 2007. it has decreased by 6% compared to the same period of 2008.

757 0 22.828 103.902 20.840 39.000 28.163 8% 90.000 125.033 161.729 96. • As of January .467 113.249 100.THY Cargo transportation THY-Cargo 250.024 2002 Source: Company 2003 2004 2005 2006 2007 2008 JanJul’08 JanJul’09 32 .605 Tons cargo.000 144.July 2009 THY has carried total of 121.994 31.811 34.000 Tons INTERNATIONAL DOMESTIC 200.438 28.496 • Domestic and International breakdown is consistent over the years.033 150.000 93.019 37.703 100. indicating 8% increase compared to same period of 2008.122 31. 50.

116 94.873 183.572 324.649 182.052 402.784 331.000 Tons TURKISH MARKET THY THY MARKET SHARE 80% 300.974 348.097 199.822 101.244 276.891 0 2003 2004 2005 2006 2007 2008 1H ‘08 1H ‘09 0% • THY increased its market share in Turkish cargo market from 48% to 56% during 1H2009.722 159.283 122.THY Cargo transportation Turkish Cargo Market vs THY 450.588 134.851 144.000 44% 42% 44% 56% 46% 48% 49% 48% 60% 40% 150.006 199. Source: Company 33 .000 20% 382.

500 ‘05 ‘04 83 ‘03 ‘02 73 66 65 90 100 110 120 ‘09 ‘08 132 ‘07 127 ‘06 101 103 FORECASTED DESTINATIONS 130 140 150 160 170 34 .500 1.THY Network Mapping 5.500 2.500 WEEKLY FREQUENCY 4.500 3.

689 2004 111 108 101 78 399 524 55 29 608 1048 0 77 -518 608 1.395 2007 281 179 410 870 13 1891 104 2.614 2005 229 161 0 365 755 540 72 249 861 110 1180 5 -509 786 2.155 1H ‘09 510 240 607 1.027 0 196 1.077 9 1.541 3.689 2004 200 87 84 371 0 995 248 1.357 146 2.677 1H ‘08 141 227 0 443 811 1.899 09/’08 40% 4% -56% 23% 23% -9% 24% 349% 3% -64% 24% 24% 132 1.899 09/’08 -19% 1% 194% 26% 1561% 18% -18% 22% 24% Liabilities (in € Mn) Short Term Lease Obligations Accounts Payable Passenger Flight Liabilities Other Current Liabilities Total Current Liabilities Long Term Lease Obligations Retirement Pay Provision Other Long Term Liabilities Total Long Term Liabilities Capital Share Premium Reserves Foreign Currency Translation Differences Accumulated Loss /Income Total Shareholders Equity Total Liabilities & Shareholders Equity 2003 140 104 64 112 420 688 45 31 764 963 0 71 -530 505 1.265 68 179 1.395 2007 134 213 222 125 694 933 77 94 1104 102 1018 36 -75 1081 2.614 2005 304 121 95 520 0 1657 224 1.677 1H ‘08 633 238 206 1.882 2.471 3.155 35 .008 2.878 2008 236 163 806 1205 11 2359 101 2.186 1.878 2008 196 203 206 149 754 1307 67 154 1528 82 781 0 2 530 1395 3.312 84 2.121 3.402 2006 118 172 151 136 577 780 63 106 949 95 1010 4 -240 869 2.511 408 925 10 2 47 1.THY assets & Liabilities Assets (in € Mn) Cash and Equivalents Net Trade Receivables Other Current Assets Total Current Assets Due from Related Parties (Long Term) Net Fixed Assets Other Long Term Assets Total Long Term Assets Total Assets 2003 378 68 57 502 30 1130 26 1.224 91 897 1H ‘09 198 236 368 194 996 1.402 2006 197 135 241 573 8 1671 143 1.822 2.078 3.967 103 2.243 1.392 3.

313 73 27 -52 47 -1 90 -39 97 -50 48 09/08 % 0% 1% -9% -71% 2479% -72% -77% -21% -65% -41% 45% -64% In converting the TRY reported results to EURO.481 -1.860 -1.894 334 30 -54 310 2 753 -376 688 -90 598 1H'08 1.246 -2. the period average EURO exchange rates were used 36 .386 -1.196 50 486 -376 159 2007 2.306 79 91 -2 168 -6 115 -113 165 -34 131 1H'09 1.581 -1.804 56 255 -166 145 2006 2.386 -1.289 193 53 -6 240 2004 1.734 -2.501 81 34 -9 105 2005 1.449 285 127 -6 407 9 174 -380 209 -59 149 2008 3228 -2.THY income Statement Income Statement (in Euro mn) Operating Revenues Operating Expenses Operating Profit Income From Other Operations Loss From Other Operations Income Before Financial Income/ (Expense) Income/Loss due From Asset Valuation Financial Income/(Loss) Monetary Gain/(Loss) Income Before Taxation Taxation Net Income 154 -223 170 -43 127 21 -64 62 -2 61 -36 109 -26 83 -54 105 -4 101 2003 1.

S.o. (Equity Pick-up) • TGS Ground Handling Inc.Sarajevo (Equity Pick-up) • Sun Express A. (Equity Pick-up) • THY Academy (to be Established) • THY Flight Training Inc. (Consolidated) • THY Do & Co Catering A.THY Subsidiary & affiliates Subsidiaries • THY Technic A. 37 .S.S. (Equity Pick-up) • JP`B&H Airlines`d.o.

• Expect over 500 mn$ revenue by 2016 from HABOM Project. • HABOM (Maintenance Repair & Overhaul Center) Project will be launched by THY Technic • Under HABOM.S. (Consolidated) • Owned 100% by THY • During the 1H’09 posted revenues and net income was 162€mn and 19€mn respectively.THY Subsidiary & affiliates Turkish Technic > THY Technic A.BA and Alitalia as well as domestic airlines • Main goal is to become one of the biggest MRO Center in the region. KLM. • Provides maintenance services to more than 10 international airlines including Lufthansa. THY will be developing its technical service and maintenance business through the HABOM Project 38 . the plan is to increase the airframe maintenance capacity to approximately 400 aircraft per annum.

Bodrum. • Since 2007. Trabzon.S.G. (Equity Pick-up) • Owned 50% . Izmir. Ankara.%50 by THY and Do & Co Restaurants & Catering A. • During the 1H’09 posted revenues and net income was 52. Over 60 national and international airlines are catered from these locations.3€mn and 2€mn respectively. operating nine gourmet kitchens all over Turkey: Istanbul (Atatürk and Sabiha Gökcen). Antalya. 39 . Dalaman and Adana.THY Subsidiary & affiliates > THY Do & Co Catering A.

JP`B&H Airlines`d.o.7 mn € and 2 mn €. (Equity Pick-up) • Registered on August 28th.THY Subsidiary & affiliates TGS Ground Handling Inc.o. 2008 to Commerce Registrary. QuickTime™ and a decompressor are needed to see this picture. respectively 40 .Sarajevo (Equity Pick-up) • Owned 49% by THY • Founded in 1994 as Bosnia Herzegovina’s national airline under the name Air Bosna • During the 1H’09 posted revenues and loss was 3.

• Owned 50% .382.804 passengers in 1H ‘09. 16 B737& 3 B757 aircraft with total seat capacity of 3.S.4 mn€ respectively.213 • During the 1H’09 posted revenues and net loss was 179mn€ and 1. (Equity Pick-up) • Founded in October 1989 as a subsidiary company of Lufthansa and Turkish Airlines.696 as of June 2009. • Carried 2. respectively. • Market leader in charter flights between Germany and Turkey. by achieving load factor of 76.THY Subsidiary & affiliates SUN EXPRESS Sun Express A. • As of June 2009.50% by THY and Lufthansa. number of personnel:1. • Fleet consisted of 19 aircraft. 41 .8%.

000 people each year with its trainers. universities and other airlines besides Turkish Airlines. • Addresses the training needs of cargo and passenger agents. Gives training at the areas which are given below: • Technic: including Airbus.THY training THY ACADEMY THY ACADEMY( To be Established) • One of the most outstanding training centers in the aviation industry. • Gives training services about 10. • Has been applying ISO 9001 Quality Management System since 1998. specialized in their areas. Boeing and RJ70/100 trainings • Reservation • Ticketing • Cargo Operations • Passenger Services • Ground Handling • Computer • Personal Development and Quality 42 .

Ground Training . • Turkish Airlines Flight Training Center offers: -Cockpit Crew Training -Cabin Crew Training -Simulators: 4 full flight simulators for RJ-100. certified by Type Rating Training Organization (TRTO) offers training in line with the standards of JAR-FCL. 43 . but also other airlines. • Currently 52 students are being trained and are expected to graduate in Fall 2009.Turkish Flight Academy Turkish Flight Academy • Founded on November 2004 as a result of a need for new flight personnel for THY. B737-400. 2 new simulators ( A320-A330/340) will be in service as of 2010. • Started training with 16 pilot candidates on May 2006. B737 “Economy Class” Cabin Service Trainer(CST) B737/A310/A340 Cabin Emergency Evacuation Trainer(CEET) . B737-800 and A320s aircraft A340 ”Business class”. (to be Established) • Turkey’s sole flight training center. (to be Established) THY Flight Training Inc. • Giving 210 hours flight training and 1200 hours ground training. • THY not only address airlines within copartnerships.THY Flight training THY Flight Training Inc.

The QMS is in a development stage progressing into Integrated Management System. Technic. Within the frame of this efforts. These audits. 2006. 44 . In addition to its audits. Cabin. as well as providing the opportunity to the auditors to evaluate the current situation. implementation of Flight Data Monitoring (FDM) system. THY strives to attain safer operation conditions in respect to continuous development process and appreciates it as a must. Flight Training. The Flight Safety Department that has direct access to the Accountable Manager is in charge of the management and oversight of the system’s safety. Quality Assurance Directorate which is also connected directly to Accountable Manager is in charge of the implementation and oversight of the quality system. trainings provided in risk assessed flight subjects and publications to flourish a widespread safety culture can be mentioned. makes informal Line Observations and investigates the occurences and reports (mandatory/voluntary) to promote safety. adoption of Safety Management System approach. Quality Management and Improvement.THY Safety & Quality Safety: As it is very well known and appreciated “Safety” is the key concept to be adopted for existence. it also implements the Flight Data Monitoring System. The departments within this directorate are. In addition to above. In addition to the IOSA audit. Flight Operations. The expiry date of renewed IOSA operatorship is October 2009. THY is in active contact with numerous Civil Aviation Authorities and subject to their audits. it must be emphasized that THY is qualified as an IOSA Operator after the IATA Operational Safety Audit as of April 07.Occupational Health and Safety System are planned to be integrated by mid of 2009. having all requirements fulfilled and systems in place with regards to Turkish Civil Aviation Law. Each department implements scheduled and unscheduled operational audits annually to acquire the condition information. In this context. due to its vast operation network. Turkish Airlines has the AOC (Air Operator Certificate) approved by Turkish Civil Aviation Administration (CAA). Ground Operations. input the required feedback for THY’s safer operation from thereupon. THY is determined to operate with the highest operational standards. TS-EN ISO 14001:2004 – Environmental Management System and OHSAS 18001. Quality: Turkish Airlines adopted TS-EN ISO 9001:2000 Quality Management System (QMS) in 2006. Accepting and implementing the standards dictated by the aviation authorities and manufacturers as the baseline.