Turkish Airlines recorded 190 million USD net profit in the second quarter and 88 million in first half of 2014

Press release

Published August 25th, 2014 - 08:23 GMT

Al Bawaba

Turkish Airlines’ first half 2014 consolidated financial statements were reported to Borsa Istanbul. Compared to the same period of 2013, sales revenue increased by 15% in USD terms reaching 5,2 billion USD. Turkish Airlines recorded 234 million USD operating profit and 190 million USD net profit in the second quarter of 2014, completing the first half year with 152 million USD operating profit and 88 million USD net profit.

During the first half of 2014, 26 million passengers were carried implying a 17% increase in passenger traffic. Available seat kilometres (ASK) and revenue passenger kilometres (RPK) increased by 19%, resulting in a stable load factor of 79%. Number of international to international transfer passengers increased by 28% reaching a 44% share of international passengers.

As of today Turkish Airlines has scheduled flights to 45 domestic and 218 international destinations in 260 cities and 108 countries worldwide. Being one of the youngest in Europe Turkish Airlines fleet consists of 263 aircraft comprising of 200 narrow body, 54 wide body and 9 cargo aircraft.

Being awarded “The Best Airline in Europe” in 2014* for the fourth time in a row Turkish Airlines continues to increase its service quality and to sustain its solid financial state with a focus on profitable growth in order to become one of the leading five star global airlines in the world.

Background Information

Turkish Airlines

Turkey's "rising star", Turkish Airlines, began its’ journey back in 1933 with 5 planes. Today, Turkish Airlines boasts a fleet of 335 aircrafts (passenger and cargo) and continues that journey with the same excitement. With its growth figures placing the company among the leading airlines in the world, Turkish Airlines, with a momentous decision in 2013, made the biggest airplane purchase in the history of Turkish Civil Aviation.