Turkish Airlines recorded 153 million USD net profit in the first quarter of 2015

Turkish Airlines recorded 153 million USD net profit in the first quarter of 2015

The FINANCIAL -- Turkish Airlines’ first quarter 2015 consolidated financial statements were reported to Borsa Istanbul.

Compared to the first quarter of 2014, Turkish Airlines sales revenue decreased by 4 percent in USD terms due to EUR depreciation, ending up with a total of 2 billion 219 million USD. Turkish Airlines disclosed an adjusted operating loss of 18 million USD, outperforming the first quarter of 2014 by 77 percent and recorded 153 million USD net profit during the lowest season of the aviation industry. Active risk management strategies and a balanced debt composition had an impact on these outstanding results, according to Turkish Airlines.

Maintaining its sustainable growth, Turkish Airlines realised a capacity increase of 9,4% (available seat km)  in the first quarter of 2015 and total passengers carried increased by 6.5%, reaching to 12.8 million passengers from 12 million passengers for the same period of 2014.

Flying to more countries than any other airline in the world and inviting its passengers to explore the unknown with its ‘‘Widen Your World’’ motto,  today Turkish Airlines flies to 45 domestic and 226 international destinations, a total of 271 destinations in 109 countries.  Having one of the youngest airline fleet in the world Turkish Airlines now operates 274 aircraft comprising 62 wide body, 202 narrow body, 10 cargo aircraft.

Despite the strong competitive environment among the world’s leading players and severe operating conditions due to the fuel price and currency fluctuations, Turkish Airlines continues its profitable and sustainable growth.