Turkish Airlines’ 2014 consolidated financial results were announced today. Compared to 2013, Turkish Airlines sales revenue increased by 13 percent in 2014, reaching a total of 11 billion USD. While operating profit stood at 638 million USD, more than doubling compared to previous year 845 million USD net profit was recorded.
In 2014 Turkish Airlines recorded a capacity (ASK) growth of 16,3 percent, significantly above the industry growth rate of 5,6 for the same period, resulting in an increase in global market share from 1,6 percent to 1,8 percent. Turkish Airlines carried 54,7 million passengers in 2014 implying a 13,3 percent increase year over year and once more became the second largest carrier in Europe according to number of passengers. In 2014 passenger load factor stood at 79 percent.
Flying to more countries than any other airline in the world and inviting its passengers to explore the unknown with its ‘‘Widen Your World’’ motto, today Turkish Airlines flies to 264 destinations in 108 countries. Having one of the youngest airline fleet in the world Turkish Airlines now operates 263 aircraft comprising 55 wide body, 199 narrow body, 9 cargo aircraft.
In 2015, Turkish Airlines is targeting to increase its’ capacity by 15 percent. While passenger load factor is expected to be above 80 percent, total number of passengers carried is targeted to reach to 63,2 million, including 26 million on scheduled domestic routes, 36 million on scheduled international routes, and the rest on charter and hajj flights. By the end of 2015, the fleet size is planned to reach to 293, including 214 narrow-body, 68 wide-body and 11 cargo aircraft. During 2015, Turkish Airlines is planning to add 2 new domestic and 7 new international destinations to its network, thus bringing the total number of destinations to 273.
Growing sustainably and profitably Turkish Airlines tripled its global market share in the last ten years and has been awarded the “Best Airline in Europe” for the last four consecutive years. In a vision of making Istanbul a global aviation hub, Turkish Airlines will keep on improving its brand name and service quality and continue to serve Turkey together with its 43 thousand employees group wide.