Is this the most successful airline in the world? The data from Turkish Ailrines current roadshow is impressive.
Turkish Airlines is the largest hub airline in Europe, flying to 291 international destinations in 128 countries. They have a strong global ranking, holding the first position in the number of countries and international destinations they fly to, as well as cargo destinations. The airline operates with a fleet size of 429 aircraft and has an average fleet age of 9.2 years.
With around 80,000 employees, Turkish Airlines ranks seventh globally in terms of workforce size. Their leadership team boasts an average of 29 years of experience. The airline has been recognized for its sustainability efforts and was awarded as the “Most Sustainable Flag Carrier Airline in 2023” by World Finance.
Despite the challenges faced during the pandemic, Turkish Airlines experienced a robust recovery and increased its market share. They have outperformed their pre-pandemic operational and financial performance and have been successful in multiplying their size and profitability since 2002. Turkish Airlines has focused on a well-executed growth strategy and benefited from their strategic hub location in Istanbul. Leveraging their modern fleet, they offer extensive connectivity options to more than 90pc of the world’s population, GDP, and trade volume.
Turkish Airlines has expanded its route network with destinations in various regions, such as the Americas, Europe, the Middle East, Africa, and Asia. They have capitalised on their favourable cost base and positioned Istanbul as a regional hub. The airline has a target of attracting 90m visitors and generating 100bn USD in revenue for Türkiye’s tourism industry by 2028. They aim to increase passenger capacity, manage costs efficiently, and continue investing in their fleet and workforce while maintaining a strong financial position.
Founded in 1933, Turkish Airlines has 20 Subsidiaries and JVs. The company says vertical integration allows them to keep c40pc of the cash outflow within their organisation. An order for 600 new aircraft is imminent, and was expected to be announced since this summer.
Th roadshow was led by led by CEO Ahmet Bolat and president of the airline Murat Şeker. Details
Turkish Airlines
- Countries We Fly To: 128 Global ranking: 1st
- International Destinations: 291 Global ranking: 1st
- Cargo Destinations: 363 Global ranking: 1st
- Number of International Flights: 73,700
- 1st among network carriers in 1H’23
- Fleet Size: 429 aircraft Global ranking: 9th
- Average Fleet Age: 9.2 Years Global ranking: 4th
- Workforce: c. 80,000 Global ranking: 7th
- Leadership Avg. Experience 29 years
- 291 international destinations in 128 countries
- Provides 42.6 thousand connection options
- 516 international destinations (including offline)
- N reaches more than 90pc of the world’s population,
- GDP and trade volume
New Destinations in 2021-2023
- Americas: Seattle, Newark, Dallas, Vancouver
- Europe: Palermo, Bergamo, Krakow, Tivat, Rize-Artvin
- Middle east: Kirkuk, Urmia
- Africa: Juba, Luanda, Lusaka
- Asia: Cebu, Bukhara, Turkistan, Fergana, Urgench, Aktau, Turkmenbashi
Future Routes
- Americas: Detroit, Denver, Orlando, Lima, Santiago, Rio de Janeiro
- Europe: Bergen, Glasgow, Iasi, Katowice, Nantes, Newcastle, Timisoara, Bayburt, Yozgat
- Middle east: Abha, Salalah
- Africa: Aswan, Brazzaville, Hargeisa, Lome, Monrovia, Port Sudan, Windhoek
- Asia: Sydney, Melbourne, Phnom Penh, Atyrau, Osaka
Fleet (14 September 2023)
- Type Total
- B787-9 20
- A350-9 14
- A330-2/3 49
- B777-300ER 33
- Wide Body Total 116
- B737 MAX 8/9 35
- A321/320 NEO 58
- B737-8/9 100
- A321/320/319 96
- Narrow Body Total 289
- Cargo Total 24
- Grand Total 429
Operating performance tests:
- Strict flight restrictions and drop in global demand due to the pandemic
- 2018 currency crisis and volatility of the Turkish Lira exchange rate
- Numerous terrorist attacks in late 2015 and 2016 across Europe
Resilience of operating performance:
- Well analysed international network expansion plan
- Successful capacity management and efficient operations
- Strategic efficient positioning of Istanbul as a regional hub
- Favourable cost base
2023 Expectations
- Passenger Capacity: 15-20pc higher than 2022
- Costs: High-single digit pp. increase in Ex-fuel CASK compared to 2022 (Total CASK to decline)
- Fleet: 429 as of September 14 Year-end fleet expectation 435
- New International Routes in 2023:
- Started: Lusaka Krakow Palermo
- Planned: Detroit Osaka
- Network: 344 destinations in 129 countries
Full presentation here:
