BGC Partners: THYAO: Oct-19 Passenger Traffic - NEUTRAL
THY’s passenger traffic grew by 1.9% in Oct-19, after 1.1% contraction in Sep-19. Number of passengers carried was down by 7.2% YoY (vs. 10.3% decline in Sep-19) in domestic flights and was up by 8.8% (vs. 5.9% growth in Sep-19) in international flights in Oct-19.Turk Hava Yollari is engaged in the airline industry with the airline flying to 103 destinations, throughout Turkey and internationally. As of the year end, Co. maintains 66 aircrafts with a total seat capacity of 10,672, and leases a A300-200 cargo aircraft. Co. has various services for their customers which include: various ways of checking in and on-line ticket sales.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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