BGC Partners - THY’s <THYAO TI> passenger traffic declined by 8.3% in Apr-19, after 1.1% contraction in Mar-19, slightly negative…
- THY’s passenger traffic declined by 8.3% YoY in Apr-19 after 1.1% contraction in Mar-19. Number of passengers carried declined by 12.4% YoY (vs. 5.7% contraction in Mar-19) in domestic flights and 5.0% (vs. 2.6% growth in Feb-19) in international flights in Apr-19. High-margin direct international traffic inched down by 2.2% (Mar-19: +4.5%) in Apr-19. Sharp TL depreciation impacting Turkish residents, deterioration in consumer sentiment, capacity shift to international flights, relocation to the new airport are the reasons behind weak traffic performance. Passenger traffic declined by 2.4% in 4M19, driven by 6.8% contraction in domestic flights and 1.3% increase in international flights. High-margin direct international traffic inched up by 1.0% YoY in 4M19.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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