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Turkish Airlines: Great service, aggressive expansion equals 406 million USD profit in 6 months

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TKR_0
Written by editor

A Star Alliance airline has reason to be proud. Not facing OpenSkies challenges, this airline quietly expands in a way unseen in the aviation industry.

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A Star Alliance airline has reason to be proud. Not facing OpenSkies challenges, this airline quietly expands in a way unseen in the aviation industry.

Great service, aggressive expansion equals record profit. This seems to be the philosophy Turkish Airlines is operating under.

A geographical location ideal to network around the world, the concept is similar to what airline carriers in the Gulf region including Emirates and Etihad believe in.

Turkish Airlines recorded 4 billion 789 million USD sales revenue and 406 million USD of net profit in the first half of 2015 and has the largest international network of any carrier.

In the first half 2015 consolidated financial statements were reported to Borsa Istanbul. Compared to the first half of 2014, Turkish Airlines sales revenue decreased by 8,3 percent in USD terms and stood at 4 billion 789 million USD. Turkish Airlines disclosed an operating profit of 238 million USD, outperforming the first half of 2014 by 21 percent. In the first six months of 2015, a period with severe fuel price and currency fluctuations, Turkish Airlines grew its net profit by 4,6 times compared to the same period of 2014 with the help of its diversified debt structure and dynamic risk management strategies and recorded 406 million USD net profit.

Turkish Airlines realised a capacity increase of 10,1% (available seat km) in the first half of 2015 and carried 28,5 milllion passengers in its 212 thousand flights with a load factor of 77,8 percent.

Having been selected the “Best Airline in Europe” again in 2015 for the fifth time in a row, today Turkish Airlines flies to 50 domestic and 230 international destinations, a total of 280 destinations in 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 9 cargo aircraft together with 23 aircraft additions in 2015.

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.

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