Turkish Airlines reports a record profit for the first nine months of 2014

Turkish Airlines (Istanbul) recorded a record net profit for the first nine months of 2014. The airline also recorded a net profit of $164.8 million in the third quarter and a net profit of $682.7 million for the first nine months of 2014.

The company issued this financial statement:

Turkish Airlines’ first nine months 2014 consolidated financial statements were reported to Borsa Istanbul. Compared to the same period of 2013, sales revenue increased by 33 percent (15 percent in USD terms) reaching 18,4 billion TRY.

Turkish Airlines recorded 1 billion 154 million TRY operating profit in the third quarter of 2014, implying a 38 percent increase compared to the same period of 2013 and completed the first nine months of 2014 with 1 billion 467 million TRY operating profit.

Net profit stood at 1 billion 373 million TRY for the third quarter and 1 billion 545 million TRY (increasing 87 percent) for the first nine months of 2014.

During the first nine months of 2014, 41.4 million passengers were carried impliying a 14% increase in passenger traffic. Available seat kilometers (ASK) and revenue passenger kilometers (RPK) increased by 17%, resulting a stable load factor of 79.7%.

Number of international to international transfer passengers increased by 23 percent reaching a 43 percent share within total international passengers.

Being one of the fastest-growing air cargo brands in the world, Turkish Cargo also witnessed a 20 percent tonnage growth and carried 491 thousand tonnes of cargo in the first nine months of 2014. Turkish Cargo was named “Overall Carrier Of The Year” and “Combination Carrier of the Year” at the Payload Asia Awards 2014.

As of today, Turkish Airlines has scheduled flights to 45 domestic and 219 international destinations in 261 cities and 264 airports in 108 countries worldwide.

Being one of the youngest in Europe Turkish Airlines fleet consists of 260 aircraft comprising of 198 narrow body, 53 wide body and 9 cargo aircraft.

Turkish Airlines: