Travelbiz E-Zine
6
August
2024

Turkish Airlines increased its passenger capacity by 7.7% in the second quarter of 2024, carrying 22.1 million passengers and recording a Profit From Main Operations of 591 million USD.

Despite ongoing global geopolitical tensions, bottlenecks in aircraft production, and engine problems, Turkish Airlines continued its growth uninterruptedly thanks to its agility and extensive flight network, carrying a total of 22.1 million passenger in the second quarter of the year. According to data published by the International Air Transport Association (IATA), while global passenger capacity in the second quarter of 2024 has just reached pre-pandemic levels, our Incorporation exceeded 2019 passenger capacity by 38% as one of the leading airlines in the industry amid intensifying competition.

Through its operations at Europe’s largest air cargo facility, Smartist, Turkish Cargo captured a significant share of the accelerated e-commerce growth in the second quarter of this year. Additionally, it provided a major alternative for shippers who did not want to be affected by the disruptions in the Suez Canal. As a result, Turkish Cargo increased the amount of cargo carried in the first six months of 2024 by 32% annually and became the third-largest air cargo carrier in the world, as reported by IATA figures.

 

In the April-June 2024 period, Turkish Airlines’ total revenues rose by 10% year-on-year to 5.7 billion USD. Accounting for 81% of the total, passenger revenues increased to 4.6 billion USD driven by contribution from the Far East region and cargo revenues recorded 48% higher annually, reaching 885 million USD. Due to the competitive pressure on passenger unit revenues and the adverse effects of global inflation on costs, Profit From Main Operations decreased by 26% to 591 million USD.

Aiming to expand its fleet to 800 aircraft by 2033 as part of its 100th Anniversary Strategy, Turkish Airlines increased its number of aircraft by 9% in the first half of the year to 458 despite bottlenecks in the aircraft production.

Employing approximately 92 thousand people along with its subsidiaries, Turkish Airlines proudly represents its nation in the global air transportation industry with its unique flight network, modern fleet, superior service, and successful performance. In the coming years, our contribution to sustainable growth in the aviation sector will continue in line with the national development objectives and our 2033 strategy.

Subscribe to our E-Zine

    More

    from latest edition

    Head to Hollywood for just £473 return with TAP Air Portugal
    04th July 2025

    Head to Hollywood for just £473 return with TAP Air Portugal

    TAP Air Portugal is offering an incredible promotion to Los Angeles until July 9, with prices starting from €549 euros (£473), including taxes, for round-trips to California. 

    Read more
    Etihad Guest Raises the Extraordinary Challenge Prize Pot to over 20 Million Miles Due to Overwhelming Demand
    04th July 2025

    Etihad Guest Raises the Extraordinary Challenge Prize Pot to over 20 Million Miles Due to Overwhelming Demand

    Etihad Guest has announced 12.5 million additional miles up for grabs in the second phase of The Extraordinary Challenge, bringing the grand total prize pot to over 20 million Etihad Guest Miles...

    Read more
    Riviera Travel’s brand new river cruise ship, MS Riviera Radiance, wows on the European waterways
    04th July 2025

    Riviera Travel’s brand new river cruise ship, MS Riviera Radiance, wows on the European waterways

    The state-of-the-art ship was built for Riviera Travel in collaboration with a longstanding shipping partner and set off on its first cruise on June 9th 2025. The latest edition to Riviera Trave...

    Read more
    Summer in full swing at Cork & Dublin airports but cap continues to weigh down Dublin
    04th July 2025

    Summer in full swing at Cork & Dublin airports but cap continues to weigh down Dublin

    Summer is in full swing at Cork and Dublin airports with record numbers of passengers passing through both airports in June, but the terminals passenger cap continues to weigh down Dublin. Cork ...

    Read more
    Oceania Cruises Exceptional Savings Trade Webinar – Available On Demand
    03rd July 2025

    Oceania Cruises Exceptional Savings Trade Webinar – Available On Demand

    Join Steve Odell, Senior Vice President, International & Consumer Sales, and guests to discover new ways to elevate your business.

    Read more
    Travel Counsellors Ireland 2026 Conference Announcement
    02nd July 2025

    Travel Counsellors Ireland 2026 Conference Announcement

    Travel Counsellors Ireland are delighted to announce that its 2026 conference will be held on Thursday 5th and Friday 6th March, at the 5* Fota Island Resort in Cork. The conference will feature...

    Read more