Turkey's Sovereign Credit Rating: Impacts investor confidence and THY's borrowing costs.

THY's Financial Performance: Revenue, profitability, and operational efficiency influence its stock price.

Global Economic Conditions: Worldwide economic growth affects travel demand and THY's passenger numbers.

Fuel Prices: Aviation fuel is a major expense, so price fluctuations directly affect profitability.

Currency Exchange Rates: The Turkish Lira's value impacts THY's international revenues and expenses.

Geopolitical Risks: Regional instability and political events in Turkey or surrounding areas influence investor sentiment.

Tourism Trends: Changes in tourist arrivals to Turkey affect THY's passenger traffic and revenue.

Airline Industry Competition: Pricing strategies and market share battles with other airlines impact profitability.

Government Regulations: Policies related to aviation, tourism, and trade affect THY's operations.

Investor Sentiment: Overall market optimism or pessimism toward emerging markets and airlines influences THY's stock price.