Airline companies have not yet come out of the crisis of the pandemic period. Turkish Airlines, on the other hand, reached the highest figures of recent years and doubled its net profit.
Turkey’s flag carrier Turkish Airlines (THY) continues to make the nation proud with its achievements.
Continuing on its path under the leadership of Ahmet Bolat, Turkish Airlines increased the company’s revenues by 43 percent compared to the same period of 2019.
Turkish Airlines also increased its passenger revenues by 25 percent.
The increase in cargo revenues is remarkable. THY’s cargo revenues doubled compared to 2019.
THY also significantly reduced its expenses. All revenues excluding fuel fell 11 percent.
First 6 months profit
THY made a profit of 737 million dollars in the first 6 months of 2022.
Highest profit in the company’s history
Making a statement about the historical figures, THY Chairman of the Board and Executive Committee Prof. Dr. Ahmet Bolat, “The highest 6-month profit figure in the history of this company. THY surpassed its competitors in Europe in terms of both profitability and capacity. It entered the top three in the world” said.
Their rivals are down
Ahmet Bolat, “Flag carriers in England and Germany are down more than 35 percent in the same period” With his statements, he also revealed the situation of his competitors in the world.
Turkish Airlines stated that the occupancy rate reached 87 percent in July and increased to the pre-pandemic period.
Occupancy rate on domestic routes
Ahmet Bolat said that the occupancy rate in domestic flights is at the level of 90 percent.
THY is also making plans for the future. In this context, it is preparing to fly to 14 destinations on every continent in 2023.
The number of planes will also increase by the end of the year.
The number of planes will exceed 400
It is aimed to increase the number of aircraft to 395 by the end of 2022, to 400 by February 2023, and to 425 by the end of 2023.
THY’s contribution to the Turkish economy: 8.5 billion dollars foreign exchange
Ahmet Bolat, who is also the Chairman of the Service Exporters’ Association, explained that THY brought 8.5 billion dollars of foreign currency to the country, “This is 60 percent more than the company that is called Turkey’s largest exporter. This year, the service export figure will exceed 80 billion dollars. The target is 130 billion dollars in 2023. If the export of goods is 270 billion dollars, a total export of 400 billion dollars can be reached. THY Our goal is to bring 18 billion dollars of foreign currency to the country.” said.