Turkish Airlines announces record high net profit in 2015
• Turkish Airlines crosses 1 billion USD in net profits for the first time in its history
Dubai, UAE; 1 March 2016: According to the consolidated financial statements reported to Borsa Istanbul, Turkish Airlines reported 1 billion 69 million USD net profit surpassing a billion dollar level for the first time in its history. Profit from main operations stood at 895 million USD with an increase of 32 percent from the previous year. Turkish Airlines generated sales revenues of 10 billion 522 million USD in 2015.
Pointing to the operational cash generation ability, Turkish Airlines generated 2.6 billion USD of EBITDAR with a 24.5 percent 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 percent (available seat km) and carried 61.2 milllion passengers on its 453,000 flights with a load factor of 78 percent.
M. İlker Aycı, Turkish Airlines’ Chairman of the Board and the Executive 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, today 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. One of the youngest airline fleets in the world Turkish Airlines now operates 304 aircraft comprising 75 wide body, 219 narrow body and 10 cargo aircraft.
Providing close to 47,000 jobs together with its subsidiaries Turkish Airlines is considered the biggest exporter of Turkey generating over 7 billion USD of exports with more than 70 percent of its ticket sales being made abroad. As the country’s global brand Turkish Airlines continues to grow and support Istanbul as a global aviation hub.
About Turkish Airlines:
Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines is a 4-star airline today with a fleet of 304 (passenger and cargo) aircraft flying to 284 destinations worldwide with 235 international and 49 domestic. According to a 2015 Skytrax survey, Turkish Airlines was chosen as "Europe's Best Airline" for the fifth and "Best Airline in Southern Europe" for the seventh consecutive time. Having won in 2010 the world's "Best Economy Catering Service", in 2013 the world's "Best Business Catering Service", and in 2014 "Best Business Catering Service" awards, Turkish Airlines was this year awarded the world's "Best Business Class Lounge Dining" and "Best Business Airline Lounge" prizes in the Skytrax survey. Currently with 7 US gateways, Turkish Airlines offers 63 flights per week, serving some 5,000 customers. In October 2015, Turkish Airlines added daily flights from Miami, and in May 2016, daily flights from Atlanta will begin. More information about Turkish Airlines can be found on www.turkishairlines.com.
Yardstick of success:
From 2014 to 2015, Turkish Airlines grew its business by 10 percent and increased passengers from 58 million to 60 million. Rated as a 5-star dining and lounge airline, it offers a massive network, with 282 destinations worldwide and growing. Turkish Airlines is a member of Star Alliance and is consistently awarded by Skytrax each year. Turkish Airlines also strives to maintain employee satisfaction, as many employees enjoy longevity in the “family” atmosphere that Turkish Airlines provides.