Turkish Airlines posts billions in profit in third quarter

Boeing 737-800 (Photo: Pixabay).
Boeing 737-800 (Photo: Pixabay).

Turkish Airlines posts billions in profit in third quarter

Boeing 737-800 (Photo: Pixabay).
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Turkish Airlines' total revenue rises to $2022 billion in the third quarter of 6,1, exceeding the same period in 2019 by 52 percent. In comparison, freight revenue is up 110 percent at approximately $880 million.

Thanks to strong demand and a broad route network, the Turkish carrier flies in a net profit of 1,5 billion US dollars. Thus, despite the difficult market environment that has persisted since 2020, the fifth quarter in a row can be closed with a net profit.

In the third quarter of 2022, Turkish Airlines carried a total of 23 million passengers with a load factor of 91,4 percent on domestic routes and 85,3 percent on international routes. Unit costs (excluding fuel) have been reduced by 5 percent compared to the same period in 2019, the airline said in a press release. At the end of the quarter, Turkish Airlines' fleet consisted of 390 aircraft, including 260 narrow-body, 109 wide-body and 21 cargo aircraft.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

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