Turkish Airlines doubles annual profits

Turkish Airlines more than doubled its annual operating profits in 2014, as it increased capacity, passenger numbers and market share.

Turkish Airlines more than doubled its annual operating profits in 2014, as it increased capacity, passenger numbers and market share.

The Istanbul-based carrier generated sales revenue of $11bn last year – 13 per cent more than in 2013 – and an operating profit of $638m.

Turkish also reclaimed the title of Europe’s second largest carrier in 2014 and boosted its share of the global air travel market from 1.6 per cent to 1.8 per cent by transporting 54.7 million passengers (a 13 per cent increase year on year).

Alongside its 2014 results, Turkish outlined its aims for 2015 which include adding 30 aircraft to its fleet (including 15 additional narrowbodies and eight widebodies), boosting capacity by a further 15 per cent and achieving a load rate of more than 80 per cent.

TAGS: Europe
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish