Menu

Turkish Airlines recorded US$153 million net profit

  • Published by Ozgur Tore

thy saw

Turkish Airlines revealed its latest consolidated financial results for the first quarter of 2015. According to the report, Turkish Airlines sales revenue decreased by 4 percent in US Dollar terms due to Euro depreciation, ending up with a total of US$2 billion 219 million.

Despite the strong competitive environment among the world’s leading players and severe operating conditions due to the fuel price and currency fluctuations, Turkish Airlines continues its’ profitable and sustainable growth.

Turkish Airlines disclosed an adjusted operating loss of US$18 million, outperforming the first quarter of 2014 by 77 percent and recorded US$153 million net profit during the lowest season of the aviation industry. Active risk management strategies and a balanced debt composition had an impact on these outstanding results.

Maintaining its’ sustainable growth, Turkish Airlines realized a capacity increase of 9,4% (available seat km) in the first quarter of 2015 and total passengers carried increased by 6.5%, reaching to 12.8 million passengers from 12 million passengers for the same period of 2014.

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 45 domestic and 226 international destinations, a total of 271 destinations in 109 countries. Having one of the youngest airline fleet in the world Turkish Airlines now operates 274 aircraft comprising 62 wide body, 202 narrow body, 10 cargo aircraft.

Booking.com
Advertisement
Advertisement

Most Read in this category since 01.01.2017

Prev Next

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...