Flag carrier Turkish Airlines has posted a record 2.9 billion Turkish lira ($1bn) net profit for 2015, a year-on-year increase of 65 per cent.
In a statement released today (March 1), the airline said revenues also rose by 19 per cent to 28.7 billion Turkish lira ($9.7bn) for the 12 months ending December 31, 2015.
Turkish Airlines also saw capacity increase year-on-year by 13.6 per cent to 61.2 million passengers annually.
Ilker Ayci, chairman of Turkish Airlines, said the results are “extremely positive” following a 2015 that was “a difficult year for Turkey and the world”.
Ayci added: “Despite the strong competitive environment among the world’s leading players, political and economic instability in the region and severe operating conditions such as currency fluctuations, the airline has maintained its position among the most profitable airlines in 2015.”