Turkish Airlines posted a record operating net profit of USD939m in Q3, up 23pc. The nine-monthly operating net profit reached USD 956m. Revenue was up 23pc to USD 3.6bn. EBITDAR increased 90pc to USD1.5nbn at a 41pc margin.
Load factor was 81.5pc, passengers carried was up 17pc compared to Q3 of 2016 with the airline serving 21.3m passengers. During the nine months of 2017, the airline carried 52m passengers, with a load factor of 79pc. Operational costs decreased 6pc.
As to Turkish Cargo, the company increased destinations from 55 to 72 as of 2017 Q3, reaching to 294 thousand tons of cargo with 29 percent increase. Turkish Cargo in the third quarter of 2017 also increased revenues by almost 40 percent reaching USD 343 million. Turkish Cargo was recently awarded with the ‘Best Air Cargo Carrier in Asia”.
New destinations of 2017 Samara and Phuket, helped the number of destinations served by the flag carrier reached 300 in the thirrd quarter of 2017, 49 domestic and 251 international destinations in 120 countries. The fleet of Turkish Airlines consists of 223 narrow body planes, 90 wide body planes and 16 cargo planes, a total of 329 aircrafts.
Turkish Airlines Chairman of the Board and the Executive Committee İlker Aycı said “net profit recorded in 2017 Q3, clearly demonstrates our capacity to generate cash” said. “As largest exporter of Turkey, our march will continue to position Istanbul as a major hub for international airport”.