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.

TravTalk - Middle East - - AVIATION - SHE­HARA RIZLY

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

Taun­rd­kit­shhe AEixr­leinceusti’vCe­hCaoir­m­mi­tat­neeof the Board

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