Turkish Airlines announces 2009 financial results

Airline's net profits are down, but operating profits have increased.
Turkish Airlines, NEWS, Aviation


Turkish Airlines reported its latest consolidated financial results to Istanbul Stock Exchange on Monday, with approximately US$372 million being declared in net profit for 2009, marking a 51% decrease from 2008 figures.

On a positive note, the national carrier's operating profit had increased by 12%, reaching around $553.7 million, while sales revenue increased by 15% to $4.6 billion.

"In light of the global financial crisis, which reached its peak in 2009, the sector as a whole witnessed a reduction in capacity. However, Turkish Airlines continued to enjoy operational and financial growth – a path we plan to continue on," stated a spokesperson.


  • Approximately 79% of scheduled service revenue was obtained from international lines, and 21% from domestic lines.
  • By the end of 2009, the number of aircraft in the Turkish Airlines fleet increased by 4%, reaching 132 aircraft, compared to 127 at the beginning of the year.
  • Parallel to the 22% increase in Available Seat Kilometer (ASK), the number of passengers increased by 11% to 25,099,000, and cargo and mail carried increased by 20% to 238,000.
  • As a result of this capacity increase, passenger load factor declined by 3.1 percentage points from the previous year, to 70.9%.

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