Turkish Airlines sees half-year profits rise 21%

Turkish Airlines sees half-year profits rise 21%

Turkish Airlines increased half-year operating profit by 21% to $238 million, the airline announced yesterday.

In a trading update the fast-growing carrier revealed revenue was up 8.3% for the period to $4.789 billion on the same period in 2014.

Net profit was up 4.6% to $406 million due to the airline’s “diversified debt structure and dynamic risk management strategies”, the airline said.

It said the results were achieved despite the six-month period seeing “severe fuel price and currency fluctuations”. 

The carrier saw a capacity increase of 10.1% in the first half of 2015 and carried 28.5 million passengers on 212,000 flights, with a load factor of 77.8%.

In a statement the airline said: “Despite the strong competitive environment among the world’s leading players, Turkish Airlines has tripled its global market share in the last decade, and continues its profitable and sustainable growth.”

Turkish Airlines flies to 50 domestic and 230 international destinations in 110 countries and operates 290 aircraft with 23 added to the fleet in 2015.


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