Turkish Airlines revenue surges 27pc in 2013
Istanbul, March 8, 2014
Turkish Airlines, one of the leading carriers in Europe, said its sales revenue for 2013 increased by 27 per cent to hit 18.8 billion Turkish lira ($8.57 billion) compared to the previous year.
Annocing the results, Turkish Airlines said its operating profit stood at 1.24 billion TRY, implying a 9 per cent increase, while its net profit rose to 683 million TRY.
Indicating its cash generation capability, Ebitdar increased by 28 per cent to 3.372 billion TRY. The Turkish carrier maintained the ebitdar margin at 18 per cent, in line with its long term target level, the airline said in a statement.
In 2013, the national carrier flew 48.3 million passengers, up 23.6 per cent over 39 million passengers in 2012.
Turkish Airlines, with this historic success, increased its market share to 12.8 per cent within European carriers. In addition, the passenger load factor increased by 1.4 points, bringing it to 79 per cent in 2013, the statement added.-TradeArabia News Service