Billion-dollar profit for Turkish Airlines

Result driven by 32% rise in profits from main operations
Turkish Airlines has made more than a billion dollars in net profit for the first time, posting a net profit of $1.07 billion for 2015 on sales revenue of $10.522 billion.
The result was largely driven by a 32% increase in profits from main operations, which brought the airline a total of $859 million. Passenger numbers grew 13.6% to 61.2 million, carried on 453,000 flights and giving a load factor of 78%.
It meant Turkish Airlines was able to generate $2.6 billion in EBITDAR with a 24.5% margin, up 5.7% on the previous year.
“Turkish Airlines has reinforced its position among the most profitable airlines with these financial results,” said Ilker Aycı, Turkish Airlines’ chairman of the board. “It has been a challenging year with fierce competition in the global aviation industry, combined with political and economic instabilities and significant currency fluctuations.”
The airline operates to 235 international destinations in 113 countries and to 49 domestic destinations, using 304 aircraft comprising 75 wide-body, 219 narrow-body and 10 cargo aircraft.
TTG Digital

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