Turkish Airlines recorded 1 billion 240 million TRY operating profit in 2013
Sales revenue increased by 27 percent, reaching 18,8 billion TRY
Doha; March 10, 2014; Turkish Airlines’ 2013 consolidated financial statements were reported to Borsa Istanbul. Compared to 2012, Turkish Airlines sales revenue increased by 27 percent in 2013, reaching a total of 18,8 billion TRY. While operating profit stood at 1 billion 240 million TRY, implying a 9 percent increase, 683 million TRY net profit was recorded. Indicating its cash generation capability, EBITDAR increased by 28 percent to 3 billion 372 million TRY. EBITDAR margin maintained at 18 percent, in line with its long term target EBITDAR level.
In 2013, 48,3 million passengers were carried implying a 23,6 percent increase from 39 million passengers in 2012. Turkish Airlines, with this historic success, increased its’ market share to 12,8 percent within European carriers. In addition, passenger load factor increased by 1,4 points, bringing it to 79 percent in 2013.
Turkish Airlines, inviting its passengers to explore the unknown with a new motto ‘‘Widen Your World’’ flies to more countries than any other airline in the world. Flying to a total of 244 destinations, comprising of 202 international and 42 domestic destinations, in 105 countries with 185 narrow body, 44 wide body and 9 cargo aircraft, a total of 238 aircraft, Turkish Airlines, today, is among the leading global network carriers.
Turkish Airlines, in a vision of making Istanbul a global aviation hub, will continue to extend its network, apply the right strategies to increase its’ market share in all regions, maximize its’ brand value and recognition and keep contributing to Turkey’s development with its profitable growth.
About Turkish Airlines:
Founded in 1933 with a fleet of 5 planes, Turkish Airlines is a member of Star Alliance and today it has a fleet of 238 planes (both passenger and cargo) and operates scheduled flights to a total of 244 destinations - 202 international and 42 domestic. Skytrax named Turkish Airlines, a 4-star airline company, as the “Best Airline in Europe” in 2013 for the 3rd year running, and the “Best Airline in Southern Europe” for the 5th year running. Turkish Airlines, which received the title “Best Food in Economy Class” award on a global scale in 2010, also earned Skytrax’ “Best Food in Business Class” award this year. For more information about Turkish Airlines, please visit www.turkishairlines.com.
About Star Alliance:
Turkish Airlines is a member of the global Star Alliance network established in 1997. Star Alliance offers more than 21,900 daily flights to 1,328 airports in 195 countries. Star Alliance received numerous awards, including the “Market Leadership Award” Award from both Business Traveller Magazine and Skytrax Air Transport World and the “Best Airline Alliance” award from both Business Traveller Magazine and Skytrax. Among the member airlines of Star Alliance are: Adria Airways, Aegean Airlines, Air Canada, Air China, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, TACA Airlines, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAM Airlines, TAP Portugal, Turkish Airlines, THAI, United and US Airways.