Turkish Airlines reports US$ 406 m profit
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Recent statistics from Turkish Airlines stated that the airline reported first half 2015 consolidated financial statements with US$ 4.78 billion in global sales revenue.
This is for the period January to June 2015. The airline also reported net profits of US$ 406 million for the same period. The airline disclosed an operating profit of US$ 238 m, outperforming the first half of 2014 by 21%. In the first six months of 2015, the airline grew its net profit by 4.6 times compared to 2014 with the help of its diversified debt structure and risk management strategies.
The airline also realised a capacity increase of 10.1% (Available Seat Kilometre or ASK) in the first half of 2015 and carried 28.5 m passengers across its 212,000 flights with a load factor of 77.8%.
In the 13 cities across six GCC markets, total passengers carried by Turkish Airlines increased by 7.8%, reaching 1.35 m passengers. Passengers across business class increased by nine percent for the same period. The ASK for the GCC markets saw an increase of 2.5% reaching 4.3 m during the first half of 2015 from 4.2 m for 2014.
Adem Ceylan, vice-president, sales for Middle East and Cyprus, Turkish Airlines, said: “The Middle East is a high-growth region for us and the UAE is one of the key markets in our network. We are planning to invest further in the GCC markets.”
For the UAE markets, total passengers carried increased by 6.1%, reaching 216,411 passengers between January to June 2015. Business class passengers increased by 16.5. The ASK for UAE saw an increase of nine percent reaching 759 m during the same period.
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