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Turkish Airlines announced net profit for Q2 2014

  • Published by Ozgur Tore

Turkish Airlines’ first half 2014 consolidated financial statements were reported to Borsa Istanbul.

thy-a330-200Turkish Airlines recorded 398 million TRY net profit in the second quarter and 172 million in first half of 2014. Sales revenue increased by 37% in the first half reaching 11,3 billion TRY.

Compared to the same period of 2013, sales revenue increased by 37% (15% in USD terms) reaching 11,3 billion TRY. Turkish Airlines recorded 495 million TRY operating profit and 398 million TRY net profit in the second quarter of 2014, completing the first half year with 312 million TRY operating profit and 172 million TRY net profit.

During the first half of 2014, 26 million passengers were carried impliying a 17% increase in passenger traffic. Available seat kilometers (ASK) and revenue passenger kilometers (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.

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