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  • Chidozie Uzoezie

Turkish Airlines Finishes 2022 with 2.7 Billion USD Net Profit


Global aviation industry went through a year of increasing geopolitical tensions and global inflationist pressures while facing operational problems following the Covid-19 pandemic.


Turkish Airlines closed 2022 with 2.7 billion USD net profit standing out from its competition thanks to its operational agility, wide flight network and highly skilled workforce it maintained during the pandemic.


The Turkish airline managed to complete its sixth quarter in a row with a net profit despite the difficult operating environment that persisted since 2020.


Total revenue of our company during 2022 was 18.4 billion USD, surpassing that of 2019 by 39% and marking a record high. Constituting 20% of the total revenues, cargo revenues increased by 120% compared to the same period in 2019 and recorded as approximately 3.7 billion USD.


With one of the youngest and most modern fleet of 394 aircraft, Turkish Airlines carried around 72 million passengers with 85.8% domestic and 80.1% international load factor.


In spite of the inflation pressures on the global scale, the flag carrier maintained its effective cost management in 2022 by lowering its unit expenses excluding fuel by 2% compared to 2019. As a result, EBITAR (Earnings before interest, taxes, amortization, and rent), which demonstrates the cash generation potential of the company, realized as 5.4 billion USD.


According to the data published by IATA, the International Air Transport Association, while the global air passenger capacity in 2022 was 28% behind that of 2019, Turkish Airlines became the pioneer of the sector by exceeding its 2019 capacity by 7.5%.


As Europe’s leading network carrier in terms of daily number of flights operated for the last three years according to The European Organisation for the Safety of Air Navigation (EUROCONTROL), Turkish Airlines recorded remarkable success on a global scale in 2022 by becoming the network carrier offering more international seat capacity than any other. As a result of our country’s investments towards aviation infrastructure, İstanbul Airport was also the busiest airport in Europe.


Quadrupling its market share in air freight market in the last 10 years, our company bolstered its success by ranking fifth among the world’s top air cargo carriers according to IATA’s 2022 data.


After moving to SMARTIST, the new cargo operations centre built with high-tech features in İstanbul Airport, Turkish Cargo is aiming to further enhance its position among the leading air cargo brands of the world.


Employing over 75 thousand staff with its subsidiaries, Turkish Airlines is standing by its nation in this challenging period and will continue to proudly fly Türkiye’s flag on the 90th anniversary of its establishment and the 100th anniversary of the Republic of Türkiye.

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Comments (25)

Guest
Sep 21, 2022

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Guest
Sep 30, 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

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kasarokcaesar
Oct 24, 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

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Guest
Nov 10, 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

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Guest
Nov 18, 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

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Guest
Dec 04, 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


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Guest
Dec 15, 2022

WoW. Amazing Review. 👍

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Guest
Jan 07, 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

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Guest
Aug 07, 2023
Replying to

Where is here.

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Guest
Jan 27, 2023

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Guest
Feb 27, 2023

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More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


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