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Turkish Airlines' net profit triples in 9 months

ISTANBUL, November 8, 2018

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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