Turkish Airlines is more valuable than Lufthansa for the first time

Istanbul At first glance, strange things are happening in the Turkish stock market. Those who invested in Lufthansa shares at the beginning of the year can now look forward to a plus of a good 14 percent at the end of 2022. However, those who invested their money in shares of Turkish Airlines were able to earn a return of 520 percent in the local currency lira by the beginning of December. Even after converting the exchange rate loss, an increase of 390 percent remains.

As a result, Turkish Airlines is now worth more on the stock exchange than its German competitor for the first time. On Friday, the market capitalization of the partially state-owned Turkish company was the equivalent of 9.82 billion euros. The Lufthansa Group comes to 9.22 billion euros.