Geopolitics Alpha

THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth

Published . Updated .

Key takeaways

  • Q3 revenue rose more than 19% to $8.3B, while higher fuel and personnel costs pressured margins.
  • Exposed: TIP, XLP, WMT, COST, PG
  • Market reaction: XLP +3.5% on the day; TIP −0.0% on the day; WMT +4.2% on the day

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THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth

Q3 revenue rose more than 19% to $8.3B, while higher fuel and personnel costs pressured margins. Selective capacity growth and strong passenger and cargo demand supported results; Q4 profitability remains exposed to fuel costs and geopolitical uncertainty.Based on Turk Hava

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.1% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-2.8% 14d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • USO United States Oil Fund+6.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “fuel costs” (oil) in this story.

  • WMT Walmart+12.9% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+12.7% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble+9.2% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • KO The Coca-Cola+7.6% 30d

    The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • XOM ExxonMobil Holdings+2.0% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “fuel costs” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP+0.16%+0.57%base-0.03%after closeafter closeafter close
XLP-2.35%+0.52%base+3.46%after closeafter closeafter close
USO+5.38%+6.75%base-8.03%after closeafter closeafter close
WMT-4.79%-1.04%base+4.22%after closeafter closeafter close
COST-3.61%-0.67%base+2.66%after closeafter closeafter close
PG-2.31%-0.30%base+3.29%after closeafter closeafter close
KO-3.14%-0.70%base+1.49%after closeafter closeafter close
XOM+2.57%+5.49%base-4.52%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth TradingView

Source: TradingView

Price since this story was published: Ishares Tr (TIP)

CompanyWhenMoveStatus
Costco Wholesale (COST)that day+2.66%final price
Costco Wholesale (COST)three days earlier-0.67%final price
Costco Wholesale (COST)five days earlier-3.61%final price
Coca Cola (KO)that day+1.49%final price
Coca Cola (KO)three days earlier-0.70%final price
Coca Cola (KO)five days earlier-3.14%final price
Procter & Gamble (PG)that day+3.29%final price
Procter & Gamble (PG)three days earlier-0.30%final price
Procter & Gamble (PG)five days earlier-2.31%final price
Ishares Tr (TIP)that day-0.03%final price
Ishares Tr (TIP)three days earlier+0.57%final price
Ishares Tr (TIP)five days earlier+0.16%final price
USOthat day-8.03%final price
USOthree days earlier+6.75%final price
USOfive days earlier+5.38%final price
Walmart (WMT)that day+4.22%final price
Walmart (WMT)three days earlier-1.04%final price
Walmart (WMT)five days earlier-4.79%final price
Select Sector Spdr Tr (XLP)that day+3.46%final price
Select Sector Spdr Tr (XLP)three days earlier+0.52%final price
Select Sector Spdr Tr (XLP)five days earlier-2.35%final price
XOMthat day-4.52%final price
XOMthree days earlier+5.49%final price
XOMfive days earlier+2.57%final price

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Who gains and who loses around Ishares Tr (TIP)

Companies carried with this story

  • TIP Ishares Tr

    In “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • XLP Select Sector Spdr Tr

    In “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • WMT Walmart

    For “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • COST Costco Wholesale

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • PG Procter & Gamble

    Procter & Gamble (PG) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth.” Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • KO Coca Cola

    Coca Cola (KO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth.” Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

Ishares Tr (TIP)

Ishares Tr (TIP) is the company in “THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth,” the 4 Nov 2026 this story story.

Ishares Tr (TIP) is on the page because iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

Select Sector Spdr Tr (XLP) is here too. Its reason reads: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

Price levels for Ishares Tr (TIP)

TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. WMT traded between 107.44 and 127.91 across 20 sessions. The latest close on file is 124.81. XLP traded between 80.10 and 83.07 across 11 sessions. The latest close on file is 81.02.

How strong the case is around Ishares Tr (TIP)

46 out of 100

“THYAO: Revenue climbed 19%, but fuel inflation compressed margins and constrained capacity growth” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.