Turkish Airlines recorded 153 million USD net profit in Q1 of 2015

Compared to the first quarter of 2014, Turkish Airlines sales revenue decreased by 4 per cent in USD terms due to EUR depreciation, ending up with a total revenue of 2 billion 219 million USD. Turkish Airlines disclosed an adjusted operating loss of 18 million USD, outperforming the first quarter of 2014 by 77 per cent and recorded 153 million USD 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 has increased capacity 9.4% (available seat km) in the first quarter of 2015 and increased total passengers by 6.5%, growing from 12 million in 2014 to 12.8 million passengers for the same period of 2015. 

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, Turkish Airlines now flies to 45 domestic and 226 international destinations, totalling 271 destinations in 109 countries.  Having one of the youngest airline fleets in the world Turkish Airlines now operates 274 aircrafts - 62 wide body, 202 narrow body, and 10 cargo aircraft. 

Despite the highly competitive environment among the world’s leading players and difficult operating conditions due to fuel price and currency fluctuations, Turkish Airlines has continued its’ profitable and sustainable growth.