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Turkish Airlines recorded 1 billion 240 million TRY operating profit in 2013

Turkish Airlines’ 2013 consolidated financial statements were reported to Borsa Istanbul. Compared to 2012, Turkish Airlines sales revenue increased by 27 percent in 2013, reaching a total of 18,8 billion TRY. While operating profit stood at 1 billion 240 million TRY, implying a 9 percent increase, 683 million TRY net profit was recorded. Indicating its cash generation capability, EBITDAR increased by 28 percent to 3 billion 372 million TRY. EBITDAR margin maintained at 18 percent, in line with its long term target EBITDAR level.

In 2013, 48,3 million passengers were carried implying a 23,6 percent increase from 39 million passengers in 2012. Turkish Airlines, with this historic success, increased its’ market share to 12,8 percent within European carriers. In addition, passenger load factor increased by 1,4 points, bringing it to 79 percent in 2013.

Turkish Airlines, inviting its passengers to explore the unknown with a new motto ‘‘Widen Your World’’ flies to more countries than any other airline in the world. Flying to a total of 244 destinations, comprising of 202 international and 42 domestic destinations, in 105 countries with 185 narrow body, 44 wide body and 9 cargo aircraft, a total of 238 aircraft, Turkish Airlines, today, is among the leading global network carriers.

Turkish Airlines, in a vision of making Istanbul a global aviation hub, will continue to extend its network, apply the right strategies to increase its’ market share in all regions, maximize its’ brand value and recognition and keep contributing to Turkey’s development with its profitable growth.

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