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Airline Chairman Eyes More Gains for Stock Fueling Turkey’s World-Beating Rally

  • Turkish Airlines shares have risen more than 500% this year
  • Chairman aiming for further 50% gains as tourist numbers grow
Turkish Airlines planes in Istanbul. 

Turkish Airlines planes in Istanbul. 

Photographer: Ozan Kose/AFP/Getty Images

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After a more than 500% surge, Turkey’s national carrier has contributed the most to the country’s world-leading stock rally this year. And its chairman doesn’t see gains stopping there.

Turk Hava Yollari AO, or Turkish Airlines as the company is known internationally, aims for its shares to rise to $10 (about 180 liras), Ahmet Bolat told group of reporters in Miami, 50% above Wednesday’s closing price. He didn’t give a timeframe for the goal, according to a report in Milliyet newspaper.