{"id":2201,"date":"2026-03-02T20:36:32","date_gmt":"2026-03-02T20:36:32","guid":{"rendered":"https:\/\/www.borsaoku.com\/?p=2201"},"modified":"2026-03-02T20:36:35","modified_gmt":"2026-03-02T20:36:35","slug":"rusya-ukrayna-savasi-golgesinde-havacilik-2022","status":"publish","type":"post","link":"https:\/\/www.borsaoku.com\/index.php\/2026\/03\/02\/rusya-ukrayna-savasi-golgesinde-havacilik-2022\/","title":{"rendered":"Rusya-Ukrayna Sava\u015f\u0131 G\u00f6lgesinde Havac\u0131l\u0131k 2022"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">1. Sava\u015f\u0131n \u0130lk \u015eoku: &#8220;G\u00f6ky\u00fcz\u00fc Kapand\u0131 m\u0131?&#8221;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">24 \u015eubat 2022&#8217;de Rusya&#8217;n\u0131n m\u00fcdahalesi ba\u015flad\u0131\u011f\u0131nda, havac\u0131l\u0131k hisseleri (THYAO, PGSUS) endeksteki genel d\u00fc\u015f\u00fc\u015ften daha sert etkilendi. Piyasadaki ana korku \u015fuydu:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Hava Sahas\u0131 K\u0131s\u0131tlamalar\u0131:<\/strong> Rusya ve Ukrayna hava sahas\u0131n\u0131n kapanmas\u0131.<\/li>\n\n\n\n<li><strong>Turizm Endi\u015fesi:<\/strong> T\u00fcrkiye&#8217;ye gelen turistlerin %20&#8217;den fazlas\u0131n\u0131 olu\u015fturan Rus ve Ukraynal\u0131 yolcular\u0131n b\u0131\u00e7ak gibi kesilece\u011fi beklentisi.<\/li>\n\n\n\n<li><strong>Petrol Fiyatlar\u0131:<\/strong> Brent petrol\u00fcn 130 dolara dayanmas\u0131yla artan jet yak\u0131t\u0131 maliyetleri.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2. B\u00fcy\u00fck D\u00f6n\u00fc\u015f: Jeopolitik Konumun Avantaj\u0131<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Sava\u015f\u0131n ilk bir ay\u0131ndan sonra, yat\u0131r\u0131mc\u0131lar T\u00fcrk havac\u0131l\u0131k \u015firketlerinin bu krizden &#8220;f\u0131rsatla&#8221; \u00e7\u0131kaca\u011f\u0131n\u0131 fark etti. Havac\u0131l\u0131\u011f\u0131 endeksin y\u0131ld\u0131z\u0131 yapan 3 ana fakt\u00f6r devreye girdi:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Avrupa-Asya Aras\u0131nda K\u00f6pr\u00fc:<\/strong> Bat\u0131l\u0131 \u00fclkelerin Rusya&#8217;ya hava sahas\u0131n\u0131 kapatmas\u0131, T\u00fcrk Hava Yollar\u0131 ve Pegasus&#8217;u Rusya&#8217;dan d\u00fcnyaya (ve tam tersi) a\u00e7\u0131lan en kritik kap\u0131 haline getirdi. Bu durum, beklenmedik bir doluluk oran\u0131 ve birim gelir art\u0131\u015f\u0131 sa\u011flad\u0131.<\/li>\n\n\n\n<li><strong>Kargo Gelirlerinde Rekor:<\/strong> THY, yolcu ta\u015f\u0131mac\u0131l\u0131\u011f\u0131ndaki riskleri, k\u00fcresel tedarik zinciri k\u0131r\u0131lmalar\u0131 sayesinde kargo taraf\u0131nda rekor k\u00e2rlar elde ederek dengeledi.<\/li>\n\n\n\n<li><strong>Pandemi Sonras\u0131 &#8220;\u0130ntikam Turizmi&#8221;:<\/strong> Sava\u015f\u0131n yaratt\u0131\u011f\u0131 bask\u0131, pandemiden bunalan k\u00fcresel turizm talebinin (pent-up demand) \u00f6n\u00fcne ge\u00e7emedi. \u00d6zellikle Avrupa ve Orta Do\u011fu&#8217;dan gelen turist ak\u0131n\u0131, Rusya kayb\u0131n\u0131 fazlas\u0131yla telafi etti.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3. Hisselerin Performans\u0131 (Say\u0131larla 2022)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Sizin payla\u015ft\u0131\u011f\u0131n\u0131z %86&#8217;l\u0131k genel endeks y\u00fckseli\u015fine kar\u015f\u0131l\u0131k, havac\u0131l\u0131k devleri bu oran\u0131 katlayarak ge\u00e7mi\u015ftir:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td>Hisse<\/td><td>24 \u015eubat 2022 Fiyat\u0131 (Yakla\u015f\u0131k)<\/td><td>12 Eyl\u00fcl 2022 Fiyat\u0131 (Yakla\u015f\u0131k)<\/td><td>Performans Fark\u0131<\/td><\/tr><\/thead><tbody><tr><td><strong>THYAO<\/strong><\/td><td>~25 &#8211; 28 TL<\/td><td>~70 &#8211; 75 TL<\/td><td><strong>~%160+ Art\u0131\u015f<\/strong><\/td><\/tr><tr><td><strong>PGSUS<\/strong><\/td><td>~80 &#8211; 90 TL<\/td><td>~230 &#8211; 250 TL<\/td><td><strong>~%180+ Art\u0131\u015f<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">E-Tablolar&#8217;a aktar<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Analiz Notu:<\/strong> Havac\u0131l\u0131k hisseleri, 2022 boyunca sadece bir &#8220;hisse senedi&#8221; de\u011fil, ayn\u0131 zamanda <strong>d\u00f6viz bazl\u0131 geliri<\/strong> olan ve y\u00fcksek enflasyona kar\u015f\u0131 koruma sa\u011flayan bir &#8220;liman&#8221; i\u015flevi g\u00f6rd\u00fc.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Sonu\u00e7: Havac\u0131l\u0131k Olmasayd\u0131 %86 Olmazd\u0131<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Grafikteki o dik y\u00fckseli\u015f e\u011frisi, b\u00fcy\u00fck oranda havac\u0131l\u0131k ve sanayi \u015firketlerinin dolar bazl\u0131 k\u00e2r b\u00fcy\u00fcmesiyle desteklendi. Sava\u015f\u0131n ba\u015flad\u0131\u011f\u0131 g\u00fcn &#8220;en riskli&#8221; g\u00f6r\u00fclen sekt\u00f6r, y\u0131l sonunda &#8220;en \u00e7ok kazand\u0131ran&#8221; sekt\u00f6r oldu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Sava\u015f\u0131n \u0130lk \u015eoku: &#8220;G\u00f6ky\u00fcz\u00fc Kapand\u0131 m\u0131?&#8221; 24 \u015eubat 2022&#8217;de Rusya&#8217;n\u0131n m\u00fcdahalesi ba\u015flad\u0131\u011f\u0131nda, havac\u0131l\u0131k hisseleri (THYAO, PGSUS) endeksteki<\/p>\n","protected":false},"author":1,"featured_media":2202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":189,"footnotes":""},"categories":[189,188],"tags":[200,209,287],"class_list":["post-2201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disiplin-ve-sabir","category-kayip-sonrasi-davranis","tag-borsa","tag-hisse","tag-pgsus"],"_links":{"self":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts\/2201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/comments?post=2201"}],"version-history":[{"count":1,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts\/2201\/revisions"}],"predecessor-version":[{"id":2203,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts\/2201\/revisions\/2203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/media\/2202"}],"wp:attachment":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/media?parent=2201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/categories?post=2201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/tags?post=2201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}