Turkish Airlines (THY) Chairman Hamdi Topçu said that a decrease in oil prices has led to an expectation of price cuts in flight tickets, adding: "The share of oil in our expenses fell from 38 percent to 34 percent. There is a four-percent decrease, and this will be reflected in ticket prices." The current price of crude oil is around $51 per barrel, which has decreased more than 50 percent since June 2014 and contributes to dropping input costs, especially in the transportation sector. During a special interview with the Anadolu Agency, emphasizing that a 4 percent decrease is a significant margin in the airline industry, Topçu stated that the average ticket prices are on a downward trend. In addition to saying ticket prices are already low because of the winter season, Topçu said that the real price cut would be made over the summer season. "If oil prices continue like this, we think ticket prices will be more competitive in the upcoming days and summer months," added Topçu. Talking about a nearly 100 percent price difference between summer-time tickets and winter-time tickets and pointing out the importance of seasonality, Topçu said: "Generally, the costs of the low season are met with income made in the high season. The seasonality of Turkish Airlines has reached nearly a minimum point. We are flying to four continents, which decreases the seasonality effect. As a result, we sell our tickets at reasonable prices. We earn 15 percent of our income from the domestic market, while 85 percent comes from the foreign market.