Tuesday 13 November 2018

Turkish Airlines' net profit triples in 9 months

ISTANBUL, 4 days ago

Continuing its uninterrupted profitable growth performance, Turkish Airlines managed to increase its net profit by three times in the first nine months of the year to reach $755 million.

The airline's total revenue increased by 20 per cent to $9.9 billion between January and September this year compared to the same period last year.

The carrier also posted a record operating profit of $1.15 billion in the nine-month period of the year, despite the increasing fuel prices.
Turkish Airlines operates flights to 49 domestic and 255 international destinations, a total of 304 destinations in 122 countries, along with Freetown, Samarkand, Krasnodar and Moroni routes which were opened this year.

The carrier operates a total of 329 aircraft - 217 narrow body, 92 wide body and 20 cargo aircraft - and aims to raise this number to 475 aircraft by 2023.

Between January and September, Turkish Airlines carried 58 million passengers with a total load factor of 82 per cent.

Capacity (available seat kilometre) and demand (revenue per kilometre) was 6 per cent and 10.,3 per cent, respectively, over the same period.
Turkish Cargo carried more than 1 million tons in the nine-month period, up 25 per cent compared to the same period last year, while cargo revenue increased by 29 per cent and reached to $1.2 billion.                                                                    

Commenting on this brilliant success, Turkish Airlines chairman of the board and the executive committee, M. İlker Aycı, said: “Today, with our significant investments, impressive growth figures and numerous successes we achieved, we continue to strengthen our prestigious position in the global aviation industry." - TradeArabia News Service

Tags: Turkish Airlines | Net Profit |

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