Hitit Computer Airline Software

Hitit Bilgisayar Hizmetleri A.S. is a technology company that builds software for the airline and travel industry and is based at a technopark in Maslak, Istanbul. According to its corporate website, it was founded in 1994 to develop new-generation software, mainly for airlines. Its shares trade on Borsa Istanbul under the ticker HTTBT.

The company's Crane product family aims to bring an airline's core processes, such as reservations, inventory, ticketing and passenger check-in, together on a single platform. Offer and order management, a central payment infrastructure, and a distribution and management ecosystem for travel agencies make up the rest of the portfolio; AI-supported solutions and consultancy services are also offered. The customer base consists of airlines and travel companies operating on different continents, so a significant share of its sales is generated abroad.

For aviation software providers, investors follow new airline contracts, the weight of recurring license and service income, exchange rates and trends in global passenger traffic. How R&D spending is reflected on the balance sheet is another point analysts pay attention to. The Lzzo.com page shows the Hitit share price history and a comparison with similar software companies.