February 25, 2015
Turkish Airlines recorded US$845m net profit in 2014
Turkish Airlines reported that sales revenue increased by 13% in 2014, reaching a total of US$11bn. While operating profit stood at US$638m and net profit was recorded at US$845m compared to the previous year. In 2014 Turkish Airlines recorded a capacity (ASK) growth of 16,3%, significantly above the industry growth rate of 5,6 for the same period, resulting in an increase in global market share from 1,6% to 1,8%. Turkish Airlines carried 54,7 million passengers in 2014 implying a 13,3 percent increase year over year and once more became the second largest carrier in Europe according to number of passengers. In 2014 passenger load factor stood at 79%. In 2015, Turkish Airlines is targeting to increase its’ capacity by 15%. While passenger load factor is expected to be above 80%, total number of passengers carried is targeted to reach to 63,2 million, including 26 million on scheduled domestic routes, 36 million on scheduled international routes, and the rest on charter and hajj flights. By the end of 2015, the fleet size is planned to reach to 293, including 214 narrow-body, 68 wide-body and 11 cargo aircraft. During 2015, TurkishAirlines is planning to add 2 new domestic and 7 new international destinations to its’ network, thus bringing the total number of destinations to 273.