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

    Refurbishment of the Riu Plaza The Gresham Dublin complete
    14th June 2024

    Refurbishment of the Riu Plaza The Gresham Dublin complete

    RIU Hotels & Resorts recently completed the refurbishment of the historic Riu Plaza The Gresham Dublin. This majestic 4-star hotel offers the best of the Irish capital's tradition and history an...

    Read more
    German travel journalists to shine spotlight on Donegal
    14th June 2024

    German travel journalists to shine spotlight on Donegal

    Five journalists from Germany, representing a national radio station as well as various print and online publications – with a combined audience of 1.3 million people – have been exploring Doneg...

    Read more
    Selective And World Travel Centre Announce Innovative Connection with Lufthansa Group
    14th June 2024

    Selective And World Travel Centre Announce Innovative Connection with Lufthansa Group

    A new partnership with Lufthansa Group is making business travel easier than ever before for customers of Selective Travel Management and World Travel Centre.

    Read more
    Register Today. Support & Connect with South Africa Tourism in Cork
    14th June 2024

    Register Today. Support & Connect with South Africa Tourism in Cork

    Register here now TODAY and E MAIL your details to: Events@Travelbiz.ie. Monday 24 June 6PM Clayton Hotel Cork City

    Read more
    Celebrity Xcel keel laying ceremony marks new level of excellence for premium cruising
    14th June 2024

    Celebrity Xcel keel laying ceremony marks new level of excellence for premium cruising

    The future of elevated travel at sea reached a major milestone yesterday, as construction commenced for Celebrity Cruises’® next ship, Celebrity Xcel®. The keel laying ceremony at the Chantiers ...

    Read more
    Attraction Ticket Store invite Irish trade partners to register today.
    14th June 2024

    Attraction Ticket Store invite Irish trade partners to register today.

    Welcome to www.AttractionTicketStore.com our NEW rebranded Travel Trade Tickets and Tours website, providing a one-stop-shop for USA, Canada and European attraction ticket admissions, city sight...

    Read more