Turkish Airlines finishes second quarter with 635 million USD net profit

Tuesday, August 29, 2023


Turkish Airlines finished the second quarter of the year with a 635 million USD Net Profit and a strong recovery in international demand.

Turkish Airlines finished the second quarter of 2023 with 635 million USD net profit by responding strong international demand with 28% higher passenger capacity than the 2019 level. Through its 90 years of experience and successful crisis management, Turkish Airlines once again showed its ability to overcome the negative circumstances surrounding our industry since 2020.

In the second quarter, our Incorporation’s total revenue reached to 5.1 billion USD increasing by 13.5% compared to the same period last year. Due to decelerating global trade and earthquake impact, our cargo revenues decreased by 44% year-over-year to 600 million USD, %53 higher than the 2019 level.

While global international airline capacity in the second quarter of 2023 was 12% below that of 2019 according to data published by airline data provider OAG, Turkish Airlines was among one of the few airlines in the industry to exceed its 2019 international capacity by 29%. As Europe’s leading network carrier in terms of daily number of flights operated for the last three years according to the European Organization for the Safety of Air Navigation (EUROCONTROL), Turkish Airlines maintained its status in the second quarter of 2023 as well.

With one of the youngest and most modern fleet of 419 aircraft, Turkish Airlines increased its fleet size by 10% compared to the same period of last year. In the second quarter of 2023, the airline carried over 21 million passengers in total, with a domestic load factor of 81.5% and an international load factor of 81.8%.

Undertaking over one hundred operational optimization projects to reduce its carbon footprint since 2008, Turkish Airlines was awarded the title of “Most Sustainable Flag Carrier Airline” once again by World Finance as a result of the sustainability focused initiatives in line with its commitment to become a “Carbon-Neutral Airline by 2050”.

Employing over 80 thousand staff including its subsidiaries, Turkish Airlines continues to proudly fly Türkiye’s flag among the giants of aviation as a brand that steers the industry with its unique flight network, modern fleet, superior service quality, and successful financial performance.

Share On:

« Back to Page

Related Posts



Subscribe to our Newsletters

I want to receive travel news and trade event update from Travel And Tour World. I have read Travel And Tour World'sPrivacy Notice.

Jan 05
January 5, 2024 - January 7, 2024
Jan 18
January 18, 2024 - January 21, 2024
Jan 24
January 24, 2024 - January 28, 2024
Jan 25
January 25, 2024 - January 28, 2024