Turkish Airlines, the flag carrier of the country, has reported an operating profit of TRY524 million ($1.84 million) for the first half the year, outperforming results posted for H1 2014 by a record 68 per cent.

The airlines also posted a sales revenue of TRY12.3 billion ($4.3 billion) for the first half of the year, jumping 9.2 per cent compared to the same period in 2014.

In the first six months of 2015, a period with severe fuel price and currency fluctuations, Turkish Airlines grew its net profit by six fold compared to the same period of 2014 with the help of its diversified debt structure and dynamic risk management strategies and recorded TRY1.35 million ($476,359) in net profit. 

Turkish Airlines realised a capacity increase of 10.1 per cent (available seat km) in the first half of 2015 and carried 28.5 million passengers with a load factor of 77.8 percent.

Despite the strong competitive environment among the world’s leading players Turkish Airlines has tripled its global market share in the last decade and continues its profitable and sustainable growth while still gaining market share.

Turkish Airlines flies to 50 domestic and 230 international destinations across 110 countries.  With one of the youngest airline fleet in the world, Turkish Airlines now operates 290 aircraft comprising 69 wide body, 212 narrow body and nine cargo aircraft together with 23 aircraft additions this year. – TradeArabia News Service