aviation: Turkish Airlines posts billions in profit in third quarter

aviation turkish airlines posts billions in profit in third quarter
aviation-Turkish-Airlines-posts-billions-in-profit-in-third-quarter

aviation-Turkish-Airlines-posts-billions-in-profit-in-third-quarter

Turkish Airlines’ total revenue rises to $6.1 billion in the third quarter of 2022, exceeding the same period in 2019 by 52 percent. In comparison, freight revenue is up 110 percent at approximately $880 million.

Thanks to strong demand and a broad route network, the Turkish carrier flies in a net profit of 1.5 billion US dollars. Thus, despite the difficult market environment that has persisted since 2020, the fifth quarter in a row can be closed with a net profit.

In the third quarter of 2022, Turkish Airlines carried a total of 23 million passengers with a load factor of 91.4 percent on domestic routes and 85.3 percent on international routes. The unit cost (excluding fuel) has been reduced by 5 percent compared to the same period in 2019, so the airline in one release. At the end of the quarter, Turkish Airlines’ fleet consisted of 390 aircraft, including 260 narrow-body, 109 wide-body and 21 cargo aircraft.

The article Turkish Airlines achieved a billion-dollar profit in the third quarter appeared first on Aviation.Direct.

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