Turkish Airlines: $1.69 bn profit
According to the consolidated financial statements, Turkish Airlines reported $1.69 billion as net profit surpassing a billion dollar level for the first time in history.
Profit from main operations stood at $895 million with an increase of 32 per cent from the previous year. Turkish Airlines generated sales revenues of $10.522 billion in 2015. Pointing to the operational cash generation ability, Turkish Airlines generated $2.6 billion of EBITDAR with a 24.5 per cent margin, increasing 5.7 percentage points in 2015. With these financial results the company strenghtened its place among the most profitable airlines in the world despite the political and economical instabilities over its operating environment and significant currency fluctuations.
In 2015 Turkish Airlines realised a capacity increase of 13.6 per cent (available seat km) and carried 61.2 milllion passengers on its 453,000 flights with a load factor of 78 per cent. M. lker Aycı, Turkish Airlines’ Chairman of the Board and the Ex- ecutive Comittee, said: “First of all, I would like to specify that we successfully completed 2015 which was generally described as a tough year for both the world and our country. Turkish Airlines has reinforced its position among the most profitable airlines with these financial results recorded in this challenging year despite the fierce competition in the global aviation industry and also the political and economical instabilities over its operating environment and significant currency fluctuations.”
Selected the “Best Airline in Europe” for the fifth time in a row, Turkish Airlines flies to 49 domestic and 235 international destinations, a total of 284 destinations in 113 countries including routes inaugrated in 2015 such as San Francisco, Miami, Maputo, Taipei and Manila.
Turkish Airlines has reinforced its position among the most profitable airlines with these financial results