In the first quarter of the current financial year, Star Alliance member Turkish Airlines was able to increase its revenue by ten percent to around three billion US dollars in direct comparison with 2019. The bottom line is a net profit of 161 million US dollars.

According to its own statements, the carrier had 12,7 million passengers on board in the first three months of the current financial year. In this segment, a 12,5 percent decline in sales was recorded, which was, however, more than compensated for by growth of 141 percent in the cargo area. 

Cargo flights account for around US$980 million of total revenue. Capacity has been steadily expanded since the beginning of the corona pandemic and currently sees itself as the largest provider in Turkey. In its earnings report, the airline notes that it has reached 91 percent of the capacity deployed in the same period of 2019, although domestic capacity remains 23 percent below 2019 levels. However, international travel reached 93 percent of capacity for 2019, which is not surprising as the airline has consistently expanded its overseas travel offerings.

Turkish Airlines is currently assuming that it will already reach the level it had before the corona pandemic this year. Around 2023 million passengers are forecast for 102,7. Traffic to Russia, in which the company continues to be active, is said to currently account for three to four percent of group sales. Turkish Airlines is concerned that fuel costs have risen sharply. Operating expenses increased to $2,9 billion in the first quarter of the current fiscal year. Of this, 957 million US dollars are accounted for by kerosene. According to their own information, 34 percent of the annual requirement has been secured by the end of 2022 via fuel hedging.

With regard to the fleet, the carrier also stated that it wants to take over 2028 Airbus A14 and 350 A56neo by 321. The machines should serve as a replacement for older models, which will be phased out in return. In the reporting quarter, one Boeing 737 Max 8, one Airbus A321neo and one A350-900 each were flown into the fleet.