Turkish Airlines Net Profit Rises 4.6% to $406 Million in First-half 2015

Turkish Airlines recorded a net profit of $406 million (365,8 million euros) during the first half of the year, growing by 4.6 percent compared to the same period in 2014, despite the severe fuel price and currency fluctuations during the period, the airline reported recently.

“Despite the strong competitive environment among the world’s leading players, Turkish Airlines has tripled its global market share in the last decade and continues its profitable and sustainable growth while still gaining market share”, the airline said in an announcement.

During the first six months of the year, Turkish Airlines sales revenue decreased by 8,3 percent (in USD terms) and reached some $4,800 million (4.325 million euros), compared to the first half of 2014.

Moreover, the airline disclosed an operating profit of $238 million (214,36 million euros), outperforming the first half of 2014 by 21 percent.

In the first half of 2015, Turkish Airlines saw a capacity increase of 10.1 percent and transported 28,5 million passengers on 212,000 flights, with a load factor of 77.8 percent.

The airline flies to 50 domestic and 230 international destinations — a total of 280 destinations — in 110 countries and operates 290 aircraft. Twenty-three were added to the fleet in 2015.

In 2015, Turkish Airlines was selected as “Best Airline in Europe” for the fifth consecutive year.