English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Turkish Airlines reports profit jump

PRESS RELEASE

November 11, 2014: Turkish Airlines' first nine months 2014 consolidated financial statements were reported to Borsa Istanbul. Compared to the same period of 2013, sales revenue increased by 33 percent (15 percent in USD terms) reaching 18,4 billion TRY.

Turkish Airlines recorded 1 billion 154 million TRY operating profit in the third quarter of 2014, implying a 38 percent increase compared to the same period of 2013 and completed the first nine months of 2014 with 1 billion 467 million TTurkish Airlines A330FRY operating profit.

Net profit stood at 1 billion 373 million TRY for the third quarter and 1 billion 545 million TRY (increasing 87 percent) for the first nine months of 2014.

During the first nine months of 2014, 41.4 million passengers were carried impliying a 14% increase in passenger traffic. Available seat kilometers (ASK) and revenue passenger kilometers (RPK) increased by 17%, resulting a stable load factor of 79.7%.

Number of international to international transfer passengers increased by 23 percent reaching a 43 percent share within total international passengers.

Being one of the fastest-growing air cargo brands in the world, Turkish Cargo also witnessed a 20 percent tonnage growth and carried 491 thousand tonnes of cargo in the first nine months of 2014. Turkish Cargo was named "Overall Carrier Of The Year" and "Combination Carrier of the Year" at the Payload Asia Awards 2014.

As of today Turkish Airlines has scheduled flights to 45 domestic and 219 international destinations in 261 cities and 264 airports in 108 countries worldwide.

Being one of the youngest in Europe Turkish Airlines fleet consists of 260 aircraft comprising of 198 narrow body, 53 wide body and 9 cargo aircraft.

Having a grown its global market share three-fold in the last decade and being awarded "The Best Airline in Europe" in 2014 for the fourth time in a row with its service quality, Turkish Airlines continues to sustain its solid financial state with a focus on profitable growth.

More News

Written on 23/08/2017, 21:24
bangkok-and-thai-the-cargo-knotBANGKOK: August 22, 2017. Bangkok Airways and Thai Airways Cargo have signed a special prorate cargo agreement designed to strengthen their respective...
Written on 22/08/2017, 21:25
ocean-carriers-invest-in-new-york-exchangeNEW YORK, NY: August 21, 2017. Hapag-Lloyd and CMA-CGM has joined with GE Ventures and Goldman Sachs to invest US$13 million in the New York Shipping...
Written on 22/08/2017, 20:19
huge-revenue-increase-for-turkish-cargoISTANBUL: August 22, 2017. Turkish Airlines has reported cargo revenue of US$580 million for the first six months of 2017 (H1) – a rise of 25 percent...
Written on 22/08/2017, 19:15
freightweek-news-update-week-34HELSINKI: August 23, 2017. Solar power is helping Finnair keep salmon and pharmaceuticals cool at its new Nordic Cargo Hub. Read...
Written on 22/08/2017, 16:07
hawaii-shippers-to-have-third-liner-serviceHonolulu, HI: August 21, 2017. Tote Maritime, part of the Alaska-based Saltchuck logistics group, is to launch a new ocean service to Hawaii from the U.S....
Written on 18/08/2017, 20:38
cyber-attack-to-hit-a-p-moller-maersk-third-quarterCOPENHAGEN: August 16, 2017. A.P. Moller-Maersk says the 'Not Petya' cyber attack that hit Maersk Line, APM Terminals and Damco at the end of June is...
Written on 18/08/2017, 15:55
new-amazon-fulfillment-center-at-sacramento-air-parkSACRAMENTO, CA: August 17, 2017. Amazon is putting the finishing touches to an 855,000 square feet, four-story fulfillment center at Sacramento...
Written on 17/08/2017, 21:45
nippon-express-signs-kazakhstan-mouASTANA, Kazakhstan: August 16, 2017. Nippon Express has signed an MoU with Kazakhstan's railway company Kazakhstan Temir Zholy (KTZ) to develop container...
Written on 16/08/2017, 22:16
descartes-acquires-macropoint-and-new-shareholderWATERLOO, ON: August 16, 2017. Descartes Systems Group is to acquire Cleveland, OH-based transport visibility network MacroPoint for US$107...
Written on 16/08/2017, 21:45
jebel-ali-ftz-gains-us-80-billionDUBAI: August 14, 2017. Jebel Ali Free Zone (Jafza) increased the value of its non-oil foreign trade by US$80.2 billion in 2016 with volumes rising 17...
Written on 16/08/2017, 20:46
wincanton-to-operate-from-dp-world-london-gatewayLONDON: August 16, 2017. Wincanton, one Britain's largest logistics companies, is to establish a truck base at DP World London Gateway's logistics park...
Written on 16/08/2017, 20:03
freightweek-news-update-week-33FRANKFURT: August 18, 2017. Jettainer is now offering short-notice, short-term leases on its range of horse boxes. Read more: horsebox.pdf HAMBURG:...
Written on 15/08/2017, 23:01
swiss-worldcargo-reorganizes-the-americasZURICH: August 15, 2017. The air cargo division of SWISS is to reduce its American organization from three to two regions effective October 01 covering...
Written on 10/08/2017, 14:58
zeaborn-now-owns-six-rickmers-line-shipsBREMEN/HAMBURG: August 07, 2017. The Zeaborn Group has acquired five 30,000dwt 'Superflex Heavy Lift' vessels from Rickmers Holding. The purchase price...
Written on 09/08/2017, 21:06
qatar-lifts-visa-requirement-for-latam-marketDOHA: August 09, 2017. Qatar Airways has introduced visa-free entry for citizens from 80 countries with those from the EU, Switzerland and Turkey allowed...
Written on 09/08/2017, 16:48
freightweek-news-update-week-32LONDON, Heathrow: August 12, 2017. To celebrate World Elephant Day and help stop illegal trade of wildlife, Heathrow has installed a pop-up interactive...
Written on 08/08/2017, 21:57
another-record-ebit-for-deutsche-post-dhlBONN: August 08, 2017. Deutsche Post DHL (DPDHL) has reported a 4.7 percent increase in net profit to €1.18 billion on a 5.8 percent rise in revenue to...
Written on 07/08/2017, 21:23
amazon-operator-atsg-to-add-a321-freighter-conversionsBEAVERTON, OR/WILMINGTON, OH: August 07, 2017. Conversion specialist Precision Aircraft Solutions (PAS) and Air Transport Services Group (ATSG) have...
Written on 03/08/2017, 20:14
cargo-still-challenging-despite-turnaround-says-lufthansaFRANKFURT: August 03, 2017. The Lufthansa Group has reported a 99 percent rise in pre-tax profit to €1.03 billion on a 12.7 percent increase in revenue to...
Written on 02/08/2017, 20:19
hong-kong-air-cargo-leases-atlasPURCHASE, NY: August 02, 2017. Atlas Air Worldwide Holdings (AAWH) has leased three B747-400 freighters under an ACMI contract beginning in September 2017...

- powered by Quickchilli.com -