{"id":1928,"date":"2026-03-18T01:36:08","date_gmt":"2026-03-17T22:36:08","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1928"},"modified":"2026-03-18T01:37:24","modified_gmt":"2026-03-17T22:37:24","slug":"thyao-analist-tavsiyeleri-deerlendirmesi-202512-trk-hava-yollar-anonim-ortakl-ao","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1928","title":{"rendered":"\ud83d\udd34 THYAO Analist Tavsiyeleri De\u011ferlendirmesi 2025\/12 | T\u00fcrk Hava Yollar\u0131 Anonim Ortakl\u0131\u011f\u0131 AO"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"THY Hissesi F\u0131rsat m\u0131 De\u011fer Tuza\u011f\u0131 m\u0131? Analist Tavsiyelerinin de\u011ferlendirmesi - 17.03.2026\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/0n0B2V9DR2o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>T\u00fcrk Hava Yollar\u0131 (THYAO) Finansal ve Operasyonel De\u011ferlendirme Raporu<\/h1>\n<p>Bu belge, 17 Mart 2026 tarihi itibar\u0131yla T\u00fcrk Hava Yollar\u0131 Anonim Ortakl\u0131\u011f\u0131&#8217;n\u0131n (THYAO) finansal performans\u0131n\u0131, piyasa verilerini, teknik analiz g\u00f6stergelerini ve stratejik hedeflerini sentezleyen kapsaml\u0131 bir bilgilendirme dok\u00fcman\u0131d\u0131r.<\/p>\n<h2>1. Y\u00f6netici \u00d6zeti<\/h2>\n<p>T\u00fcrk Hava Yollar\u0131, 2025 y\u0131l\u0131 sonu itibar\u0131yla varl\u0131klar\u0131n\u0131 %42,66 oran\u0131nda b\u00fcy\u00fcterek yakla\u015f\u0131k 2 trilyon TL seviyesine ta\u015f\u0131m\u0131\u015f ve Borsa \u0130stanbul&#8217;un en k\u00e2rl\u0131 \u015firketi unvan\u0131n\u0131 peki\u015ftirmi\u015ftir. Hisse senedi 17 Mart 2026 kapan\u0131\u015f\u0131nda 294,75 TL fiyattan i\u015flem g\u00f6rmekte olup, 3,44 Fiyat\/Kazan\u00e7 (FK) ve 0,45 Piyasa De\u011feri\/Defter De\u011feri (PD\/DD) oranlar\u0131 ile tarihsel olarak d\u00fc\u015f\u00fck \u00e7arpanlarla de\u011ferlenmektedir. Analistlerin konsens\u00fcs g\u00f6r\u00fc\u015f\u00fc %58,19 potansiyel getiri ile 466,27 TL ortalama hedef fiyat seviyesindedir. \u015eirket, 2036 y\u0131l\u0131na kadar filosunu 1.000 u\u00e7a\u011fa \u00e7\u0131karma ve k\u00fcresel s\u0131ralamada ilk 3-4 havayolu aras\u0131na girme stratejik vizyonuna sad\u0131k ilerlemektedir.<\/p>\n<h2>2. Piyasa ve Hisse Performans\u0131<\/h2>\n<p>17 Mart 2026 verilerine g\u00f6re THYAO hissesinin piyasa performans\u0131 \u015fu \u015fekildedir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Parametre<\/td>\n<td>De\u011fer<\/td>\n<\/tr>\n<tr>\n<td><b>Kapan\u0131\u015f Fiyat\u0131<\/b><\/td>\n<td>294,75 TL \/ 6,69 $<\/td>\n<\/tr>\n<tr>\n<td><b>G\u00fcnl\u00fck Getiri<\/b><\/td>\n<td>%1,64<\/td>\n<\/tr>\n<tr>\n<td><b>Ayl\u0131k Getiri<\/b><\/td>\n<td>-%14,57<\/td>\n<\/tr>\n<tr>\n<td><b>Y\u0131ll\u0131k Getiri<\/b><\/td>\n<td>-%9,66<\/td>\n<\/tr>\n<tr>\n<td><b>Piyasa De\u011feri (TL)<\/b><\/td>\n<td>406.755.000.000 TL<\/td>\n<\/tr>\n<tr>\n<td><b>Piyasa De\u011feri (USD)<\/b><\/td>\n<td>9.219.142.035,37 $<\/td>\n<\/tr>\n<tr>\n<td><b>Hisse Ba\u015f\u0131na K\u00e2r<\/b><\/td>\n<td>85,66 TL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Teknik G\u00f6stergeler ve Sinyaller<\/h3>\n<p>K\u0131sa vadeli teknik g\u00f6stergeler genel olarak &#8220;Al&#8221; konumundad\u0131r. Hisse, k\u0131sa ve orta vadeli hareketli ortalamalar\u0131n\u0131n \u00fczerinde seyretmektedir.<\/p>\n<ul>\n<li><b>Hareketli Ortalamalar:<\/b> 3 g\u00fcnl\u00fck (292,96), 5 g\u00fcnl\u00fck (292,37) ve 10 g\u00fcnl\u00fck (293,22) ortalamalar mevcut fiyat\u0131n alt\u0131ndad\u0131r.<\/li>\n<li><b>Sinyaller:<\/b> CCI (24,84) ve MACD (-5,46) g\u00f6stergeleri olumlu sinyal \u00fcretirken; RSI 46,18 ile n\u00f6tr b\u00f6lgededir.<\/li>\n<\/ul>\n<h2>3. Finansal Analiz (2024\/12 &#8211; 2025\/12 Kar\u015f\u0131la\u015ft\u0131rmas\u0131)<\/h2>\n<p>\u015eirketin finansal tablolar\u0131, operasyonel \u00f6l\u00e7ekte ciddi bir b\u00fcy\u00fcmeye i\u015faret etmektedir.<\/p>\n<h3>\u00d6zet Bilan\u00e7o Geli\u015fimi<\/h3>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 1.399,6 milyar TL&#8217;den 1.996,7 milyar TL&#8217;ye y\u00fckselmi\u015ftir (%42,66 art\u0131\u015f).<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 680 milyar TL&#8217;den 911,2 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r (%34,01 art\u0131\u015f).<\/li>\n<li><b>Net Bor\u00e7:<\/b> 275,9 milyar TL&#8217;den 495,5 milyar TL&#8217;ye y\u00fckselerek bor\u00e7luluk yap\u0131s\u0131nda art\u0131\u015f g\u00f6stermi\u015ftir.<\/li>\n<\/ul>\n<h3>Gelir Tablosu ve K\u00e2rl\u0131l\u0131k<\/h3>\n<ul>\n<li><b>Has\u0131lat:<\/b> 2025 sonu itibar\u0131yla 955,4 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r (%28,18 art\u0131\u015f).<\/li>\n<li><b>Yurt D\u0131\u015f\u0131 Sat\u0131\u015flar:<\/b> 840,8 milyar TL ile toplam has\u0131lat\u0131n %88&#8217;ini olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Esas Faaliyet K\u00e2r\u0131:<\/b> 90,1 milyar TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir (%12,11 art\u0131\u015f).<\/li>\n<li><b>D\u00f6nem Net K\u00e2r\u0131:<\/b> 118,1 milyar TL olarak kaydedilmi\u015ftir (%4,2 art\u0131\u015f).<\/li>\n<\/ul>\n<h3>Kritik Finansal Oranlar<\/h3>\n<ul>\n<li><b>Br\u00fct K\u00e2r Marj\u0131:<\/b> %16,28 (\u00d6nceki y\u0131l: %19,17)<\/li>\n<li><b>Net K\u00e2r Marj\u0131:<\/b> %12,37 (\u00d6nceki y\u0131l: %15,21)<\/li>\n<li><b>Bor\u00e7 Kaynak Oran\u0131:<\/b> %54,36<\/li>\n<li><b>\u0130hracat Oran\u0131:<\/b> %88,00<\/li>\n<\/ul>\n<h2>4. Operasyonel Geli\u015fmeler ve Stratejik Hedefler<\/h2>\n<p>\u015eirket y\u00f6netimi ve kamuoyuna yans\u0131yan son haberler, agresif bir b\u00fcy\u00fcme ve pazar geni\u015flemesi plan\u0131n\u0131 do\u011frulamaktad\u0131r.<\/p>\n<ul>\n<li><b>Filo ve K\u00fcresel S\u0131ralama:<\/b> Y\u00f6netim Kurulu Ba\u015fkan\u0131 Bolat&#8217;\u0131n ifadelerine g\u00f6re, 10 y\u0131l i\u00e7inde filo b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fcn 1.000 u\u00e7a\u011fa ula\u015ft\u0131r\u0131lmas\u0131 hedeflenmektedir. \u015eirketin 2036 hedefi d\u00fcnyada 3. veya 4. s\u0131raya y\u00fckselmektir.<\/li>\n<li><b>Yeni Destinasyonlar:<\/b> Genel M\u00fcd\u00fcr Bilal Ek\u015fi, 2026 y\u0131l\u0131 planlamas\u0131na 6 yeni \u015fehrin dahil edildi\u011fini a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/li>\n<li><b>B\u00f6lgesel Riskler ve \u0130ptaller:<\/b> Mart 2026 ba\u015f\u0131nda Irak, Suriye, L\u00fcbnan ve \u00dcrd\u00fcn u\u00e7u\u015flar\u0131 g\u00fcvenlik gerek\u00e7esiyle ge\u00e7ici olarak iptal edilmi\u015f\/ertelenmi\u015ftir.<\/li>\n<li><b>\u0130\u015ftirak Yap\u0131s\u0131:<\/b> \u015eirket b\u00fcnyesinde AJet Hava Ta\u015f\u0131mac\u0131l\u0131\u011f\u0131 ve THY Gayrimenkul Yat\u0131r\u0131m Hizmetleri %100 pay oran\u0131 ile faaliyet g\u00f6stermektedir.<\/li>\n<\/ul>\n<h2>5. Analist Tavsiyeleri ve De\u011ferlemeler<\/h2>\n<p>Piyasadaki \u00f6nde gelen 29 kurumdan gelen tavsiyeler THYAO i\u00e7in olduk\u00e7a iyimser bir tablo \u00e7izmektedir.<\/p>\n<ul>\n<li><b>Ortalama Hedef Fiyat:<\/b> 466,27 TL<\/li>\n<li><b>En Y\u00fcksek Hedef Fiyat:<\/b> 650,00 TL (TEB Yat\u0131r\u0131m)<\/li>\n<li><b>En D\u00fc\u015f\u00fck Hedef Fiyat:<\/b> 385,00 TL (A1 Capital)<\/li>\n<\/ul>\n<p><b>Kurumsal Tavsiyelerden \u00d6rnekler:<\/b><\/p>\n<ul>\n<li><b>\u0130\u015f Yat\u0131r\u0131m:<\/b> &#8220;Al&#8221; &#8211; 580,00 TL hedef fiyat.<\/li>\n<li><b>J.P. Morgan:<\/b> &#8220;Al&#8221; &#8211; 547,50 TL hedef fiyat.<\/li>\n<li><b>Garanti BBVA:<\/b> &#8220;Endeks \u00dcst\u00fc Getiri&#8221; &#8211; 456,00 TL hedef fiyat.<\/li>\n<li><b>HSBC:<\/b> &#8220;Al&#8221; &#8211; 400,00 TL hedef fiyat.<\/li>\n<\/ul>\n<h2>6. Ortakl\u0131k Yap\u0131s\u0131 ve Kurumsal Bilgiler<\/h2>\n<ul>\n<li><b>Ana Ortaklar:<\/b> T\u00fcrkiye Varl\u0131k Fonu (%49,12), Di\u011fer\/Halka A\u00e7\u0131k (%50,32), Hisse Geri Al\u0131m (%0,55).<\/li>\n<li><b>Pazar:<\/b> Y\u0131ld\u0131z Pazar.<\/li>\n<li><b>Dahil Oldu\u011fu Ba\u015fl\u0131ca Endeksler:<\/b> XU100, XU050, XU030, XUSRD (S\u00fcrd\u00fcr\u00fclebilirlik), XYLDZ (Y\u0131ld\u0131z).<\/li>\n<li><b>Genel Kurul:<\/b> 2025 y\u0131l\u0131 Ola\u011fan Genel Kurul Toplant\u0131s\u0131&#8217;n\u0131n 9 Nisan 2026 tarihinde yap\u0131laca\u011f\u0131 ilan edilmi\u015ftir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1928\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>THYAO Analist Raporu: Dev Kurumlardan %58 Getiri Potansiyeli ve Y\u00fcksek Hedef Fiyatlar!<br \/>\nT\u00fcrk Hava Yollar\u0131 (THYAO) hissesi i\u00e7in analistlerin beklentileri zirve yapt\u0131! 29 farkl\u0131 arac\u0131 kurumun analizlerini i\u00e7eren g\u00fcncel rapora g\u00f6re, THYAO i\u00e7in ortalama hedef fiyat 466,27 TL olarak belirlenirken, yat\u0131r\u0131mc\u0131lara %58,19 oran\u0131nda dev bir getiri potansiyeli sunuluyor. TEB Yat\u0131r\u0131m&#8217;\u0131n 650 TL&#8217;lik iddial\u0131 hedefinden J.P. Morgan&#8217;\u0131n &#8220;Al&#8221; tavsiyesine kadar t\u00fcm \u00f6nemli kurum beklentilerini derledik. Teknik g\u00f6stergelerin &#8220;Al&#8221; sinyali verdi\u011fi ve \u00e7arpan analizlerine g\u00f6re olduk\u00e7a ucuz seviyelerde bulunan T\u00fcrk Hava Yollar\u0131&#8217;n\u0131n detayl\u0131 analist tavsiyeleri ve hedef fiyat listesi yeni yaz\u0131m\u0131zda!<br \/>\nHisse senedi piyasalar\u0131ndaki en g\u00fcncel kurum g\u00f6r\u00fc\u015fleri ve teknik yorumlar i\u00e7in okumaya devam edin.<\/p>\n","protected":false},"author":11,"featured_media":1924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[307],"tags":[28],"class_list":["post-1928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analist-tavsiyeleri","tag-thyao"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1928"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1928\/revisions"}],"predecessor-version":[{"id":1930,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1928\/revisions\/1930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1924"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}