Travelbiz E-Zine
9
August
2023

Turkish Airlines finished the second quarter of the year with 635 million USD Net Profit with strong recovery on international demand.

#Traveltradetogether

Turkish Airlines finished the second quarter of 2023 with 635 million USD net profit by responding strong international demand with 28% higher passenger capacity than the 2019 level. Through its 90 years of experience and successful crisis management, Turkish Airlines once again showed its ability to overcome the negative circumstances surrounding our industry since 2020.

In the second quarter, our Incorporation’s total revenue reached to 5.1 billion USD increasing by 13.5% compared to the same period last year. Due to decelerating global trade and earthquake impact, our cargo revenues decreased by 44% year-over-year to 600 million USD, %53 higher than the 2019 level.

While global international airline capacity in the second quarter of 2023 was 12% below that of 2019 according to data published by airline data provider OAG, Turkish Airlines was among one of the few airlines in the industry to exceed its 2019 international capacity by 29%. As Europe’s leading network carrier in terms of daily number of flights operated for the last three years according to the European Organization for the Safety of Air Navigation (EUROCONTROL), Turkish Airlines maintained its status in the second quarter of 2023 as well.

With one of the youngest and most modern fleet of 419 aircraft, Turkish Airlines increased its fleet size by 10% compared to the same period of last year. In the second quarter of 2023, the airline carried over 21 million passengers in total, with a domestic load factor of 81.5% and an international load factor of 81.8%.

Undertaking over one hundred operational optimization projects to reduce its carbon footprint since 2008, Turkish Airlines was awarded the title of “Most Sustainable Flag Carrier Airline” once again by World Finance as a result of the sustainability focused initiatives in line with its commitment to become a “Carbon-Neutral Airline by 2050”.

Employing over 80 thousand staff including its subsidiaries, Turkish Airlines continues to proudly fly Türkiye’s flag among the giants of aviation as a brand that steers the industry with its unique flight network, modern fleet, superior service quality, and successful financial performance.

Subscribe to our E-Zine

    More

    from latest edition

    Shannon Airport says Bonjour as new Aer Lingus service to Paris takes off
    22nd September 2023

    Shannon Airport says Bonjour as new Aer Lingus service to Paris takes off

    Shannon Airport has announced its continued sponsorship of Munster Rugby. The popular airport will continue to be Munster Rugby’s official airport partner, as the two iconic brands renew their p...

    Read more
    My Royal Genie
    20th September 2023

    My Royal Genie

    Create a personalised digital brochure for your customers today and make dream holidays even more irresistible with our extraordinary brand new sales tool, My Royal Genie! Every journey has the ...

    Read more
    Big Royal Thank You!
    20th September 2023

    Big Royal Thank You!

    Welcome to the Big Royal Thank You! Royal Caribbean are here to show their gratitude to the Club Royal community with a journey filled with fun, excitement, and some truly splendid prizes. This ...

    Read more
    Emirates will now take your meal order before you fly
    20th September 2023

    Emirates will now take your meal order before you fly

    If flying between Dublin and Dubai, tantalise your tastebuds and order your meal before you fly with Emirates’ new pre-flight service.

    Read more
    It’s a Celebration Royal Caribbean’s Utopia of the Seas Floats for the First Time
    20th September 2023

    It’s a Celebration Royal Caribbean’s Utopia of the Seas Floats for the First Time

    The World’s biggest weekend reaches the next phase of construction ahead of its July 2024 debut.

    Read more
    CLIA announces 2024 conference dates and schedule
    20th September 2023

    CLIA announces 2024 conference dates and schedule

    CLIA UK & Ireland has revealed its 2024 conference will be held from May 23-25 in Southampton.
    The conference, the largest annual travel agent event of its kind in Europe and the 16th to t...

    Read more