Turkish Airlines market value announced

06.12.2022,17:19


December 6, Fineko/abc.az. The market value of Turkey's flagship civil aviation, Turkish Airlines, has reached 191.3 bn Turkish liras or 9.78 billion euro at the current exchange rate, ABC.AZ reports, referring to Anadolu news agency.

This figure exceeds the market value of Germany’s Lufthansa, which is estimated at 9.28 bn euro.

At the Istanbul Stock Exchange last Monday, Turkish Airlines’ share price rose by 8% to 138.60 liras. If on December 31, 2021, the share price of the Turkish national air carrier was 20.02 liras, then this year it increased by record 592.3%.

Meanwhile, the value of Lufthansa shares has increased by only 25.7% since the beginning of the year - from €6.18 to €7.77, the Anatolian Agency says.