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Turkish Airlines net profit 1 billion in 2015

  • Published by Ozgur Tore

thy logo1012Europe’s Leading Airline and flag carrier of Turkey, Turkish Airlines reported 1 billion 69 million USD net profit in 2015 surpassing a billion dollar level for the first time in its history.

Profit from main operations stood at 895 million USD with an increase of 32 percent from previous year. Turkish Airlines generated sales revenue of 10 billion 522 million USD in 2015.

Pointing to the operational cash generation ability, Turkish Airlines generated 2,6 billion USD of EBITDAR with a 24.5 percent margin, increasing 5.7 percentage points in 2015. With these financial results the company strengthened its place among the most profitable airlines in the world despite the political and economic instabilities over its operating environment and significant currency fluctuations.

In 2015 Turkish Airlines realized a capacity increase of 13.6 percent (available seat km) and carried 61.2 million passengers on its 453 thousand flights with a load factor of 78 percent.

“First of all, I would like to specify that we successfully completed 2015 which generally described as a tough year for both the World and our country. Turkish Airlines has reinforced its position among the most profitable airlines with these financial results recorded in this challenging year despite the fierce competition environment in global Aviation industry and also the political and economic instabilities over its operating environment and significant currency fluctuations.” said M. İlker Aycı, Turkish Airlines’ Chairman of the Board and the Executive Committee.

Providing close to 47 thousand jobs together with its subsidiaries Turkish Airlines is considered the biggest exporter of Turkey generating over 7 billion USD of exports with more than 70 percent of its ticket sales being made abroad. As the country’s global brand Turkish Airlines continues to grow and support Istanbul as a global aviation hub.

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