Turkish Airlines finishes Q2 of 2023 with US$635 million net profit
Image: Turkish Airlines
Turkish Airlines has reported it has ended the second quarter of the year with US$635 million net profit with strong recovery on international demand.
In the…
Image: Turkish Airlines
Turkish Airlines has reported it has ended the second quarter of the year with US$635 million net profit with strong recovery on international demand.
In the second quarter, its incorporation’s total revenue reached to US$5.1 billion increasing by 13.5% compared to the same period last year. Due to decelerating global trade and earthquake impact, cargo revenues decreased by 44% year-over-year to US$600 million, 53% higher than the 2019 level.
International capacity
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.
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%.
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