Turkish Airlines profits down 6% for 2013

But airline sees 24% increase in passenger traffic

Turkish Airlines says it recorded TRY 705 million (€259 million) net profit in the third quarter of 2013, broadly in line with last year’s results, but for the first nine months of 2013 it was TRY 826 million, a fall of 6%.

Compared to the same period in 2012, the airline’s sales revenues increased by 28% for the third quarter and 26% for the first nine months of 2013, reaching a total of TRY 13.9 billion.

Operating profit stood at TRY 864 million for the third quarter, improving 12% to reach TRY 1.303 billion for the first nine months.

During the first nine months of the year, 36.2 million passengers were carried – a 24% increase in passenger traffic.

In response to a 21% increase in available seat kilometres (ASK), revenue passenger kilometres (RPK) increased by 24%. That compares to industry-wide growth in ASK and RPK of 5% and 4.3%, respectively, according to the International Air Transport Association.

Turkish Airlines says it flies to more countries than any other airline in the world, with routes in 2013 to 239 destinations in 104 countries.


[pictured: Turkish Airlines A340-300]