Turkish Airlines records US$153m net profit

ttttIstanbul : Turkish Airlines revealed its latest consolidated financial results for the first quarter of 2015. According to the report, Turkish Airlines sales revenue decreased by 4 per cent in US Dollar terms due to Euro depreciation, ending up with a total of US$2.219billion.
Despite the strong competitive environment among the world’s leading players and severe operating conditions due to the fuel price and currency fluctuations, Turkish Airlines continues its’ profitable and sustainable growth.
Turkish Airlines disclosed an adjusted operating loss of US$18 million, outperforming the first quarter of 2014 by 77 per cent and recorded US$153 million net profit during the lowest season of the aviation industry. Active risk management strategies and a balanced debt composition had an impact on these outstanding results.
Maintaining its’ sustainable growth, Turkish Airlines realised a capacity increase of 9,4 per cent (available seat km) in the first quarter of 2015 and total passengers carried increased by 6.5 per cent, reaching to 12.8 million passengers from 12 million passengers for the same period of 2014.
Flying to more countries than any other airline in the world and inviting its passengers to explore the unknown with its ”Widen Your World” motto, today Turkish Airlines flies to 45 domestic and 226 international destinations, a total of 271 destinations in 109 countries. Having one of the youngest airline fleet in the world Turkish Airlines now operates 274 aircraft comprising 62 wide body, 202 narrow body, 10 cargo aircraft.

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