Turkish Airlines recorded its highest-ever first-quarter revenue

Turkish Airlines finished the first quarter of the year with 233 million USD Net Profit with strong recovery on international demand despite adverse impact of devastating earthquakes.

Turkish Airlines demonstrated its ability to navigate through a challenging operating environment during the first quarter of 2023, which was marked by devastating earthquakes centered in Kahramanmaraş – one of the worst disasters in Türkiye’s history. Through its 90 years of experience and successful crisis management, Turkish Airlines recorded net profit for the seventh consecutive quarter despite the negative circumstances surrounding our industry since 2020 with the beginning of the pandemic.

In the first quarter, the airline achieved its highest-ever first-quarter revenue, reaching 4.4 billion USD with an increase of 43% year-over-year. Accounting 84% of the total revenue, passenger revenues rose by 83% and recorded over 3.6 billion USD.

With one of the youngest and most modern fleet of 411 aircraft, Turkish Airlines increased its fleet size and workforce by 10% compared to the same period of last year. In the first quarter of 2023, the airline carried over 17 million passengers in total, with a domestic load factor of 80.1% and an international load factor of 81.4%. Despite the negative effects of global inflationary pressures on costs, EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent), which demonstrates the cash generation ability of the company, was approximately 770 million USD on the back of strong revenue growth.

While global international airline capacity in the first quarter of 2023 was 19% below that of 2019 according to data published by airline data provider OAG, Turkish Airlines was among one of the few airlines in the industry by exceeding its 2019 international capacity by 26%. As Europe’s leading network carrier in terms of daily number of flights operated for the last three years according to the European Organization for the Safety of Air Navigation (EUROCONTROL), Turkish Airlines also achieved a notable growth on a global scale by becoming the network carrier offering more international frequency than any other. As a result of investments in our country’s aviation infrastructure, Istanbul Airport became the busiest airport in Europe in the first quarter.

Turkish Airlines has been a major contributor to Türkiye’s economy and employment by growing significantly above the industry averages in terms of capacity, number of passengers and profitability over the last two decades. To maintain this trajectory, the national flag carrier has announced its 2033 strategy for its centenary aiming to double the fleet and passenger numbers by setting targets for enhancing the passenger experience, digitalization, and sustainability efforts.

As Türkiye’s flag carrier, Turkish Airlines responded swiftly to the devastating earthquakes centered in Kahramanmaraş. In February and May, the airline evacuated 430 thousand citizens, transported 433 thousand people along with search&rescue teams, and sent over 29 thousand tons of aid materials to the disaster areas. To contribute to the recovery efforts, the airline also donated 2 billion TL in cash aid to the Disaster and Emergency Management Presidency of the Ministry of Internal Affairs (AFAD). Additionally, Turkish Airlines pledged to provide support for building 1,000 houses and employ 1,000 personnel from 1,000 families impacted by the earthquakes.

Employing over 75 thousand staff with its subsidiaries, Turkish Airlines continues to proudly fly our flag among the giants of the aviation as a brand that steers the industry with its unique flight network, modern fleet, superior service quality, and successful financial performance.

Turkish Airlines expands its stopover program and brings UEFA Champions League excitement to the Arabian Travel Market 2023

Turkish Airlines, one of the world’s leading airlines, underlines its’ ambitious growth plans, multiple industry awards, and highlight its’ UEFA Champions League partnership at the Arabian Travel Market 2023.

The Airline has been recognized for its exceptional product and service offerings recently, winning several prestigious awards. These accolades include the Apex Best Seat Comfort in Europe, Apex Best Food & Beverage in Europe, Skytrax Worlds Best in Business Class Catering, Skytrax Best Airline in Europe, and Skytrax Best Airline in Southern Europe.

Not content to rest on its laurels, Turkish Airlines has unveiled ambitious plans for growth in the coming years. Over the last two decades, the airline has achieved extraordinary growth performance in capacity, passenger numbers, and profitability, outperforming the industry average as one of the most important players in global aviation today.

The airline has set its sights on consolidating revenue of over 50 billion USD by 2033, attaining an EBITDAR margin between 20% and 25% during 2023-2033, improving efficiency, maintaining cost discipline and creating new opportunities to generate additional revenues to sustain the airline’s strong financial performance, and contributing 140 billion USD to Türkiye’s economy by 2033.

To achieve these goals, Turkish Airlines plans to expand its 413 fleet to 435 aircraft by 2023 and to over 800 aircraft by 2033, expanding the passenger network to 400 destinations. The airline aims to double its passenger capacity in 2023 by 2033 with an annual average growth rate of 7%, servicing 170 million passengers by 2033 compared to over 85 million in 2023.

In response to growing customer demand, Turkish Airlines is reinforcing connectivity by offering a stopover in Istanbul for passengers traveling to different parts of the world. The Stopover in Istanbul program offers passengers connecting via Istanbul Airport the opportunity to explore and discover the city’s history and cultural life. This service provides economy class passengers with one-night stay in a 4-star hotel and 2 nights in a 5-star for business class passengers.

Turkish Airlines is also adding flights to two new destinations this week. Krakow is the second destination in Poland with 3 weekly flights starting 1st of May. Palermo will be the second destination in Sicily and the 13th destination in Italy. Flights will start on the 5th of  May with four weekly flights.

Stopover in Istanbul service is expanding. Starting from 1 May, passengers from UAE, Egypt, Lebanon and Georgia can also benefit from this service and this service will be active for 56 countries. stopover in Istanbul service is currently active in Mena region for countries of KSA, Kuwait, Oman, Qatar, Algeria, Morocco, Iran, Tunisia.

As an official sponsor of the UEFA Champions League, Turkish Airlines is bringing the excitement of the competition to the Arabian Travel Market 2023. The airline has set up a stand complete with a life-size replica of the Champions League trophy, drawing visitors for photo opportunities. The partnership is of particular significance as this season’s UEFA Champions League final will take place at Istanbul’s Atatürk Olympic Stadium on June 10, 2023.

Erol Şenol, VP Sales, Middle East & Cyprus Turkish Airlines said, “We are proud of the awards and recognition we have received, but we are even more excited about the ambitious growth plans we have set for ourselves. We are committed to providing our passengers with exceptional service and connectivity, and we look forward to achieving our goals in the years ahead.”

Turkish Airlines is soaring to new heights, cementing its place on the global stage as a leader in the aviation industry. Flag carrier distinguishes itself with its achievements in passenger numbers, as it carried its one billionth passenger from Istanbul Airport to Adıyaman Airport recently and rewarded him with a special ceremony and gifted him one million miles.

Visitors to the Turkish Airlines stand also can enter a competition on the airlines Instagram page on @TurkishAirlinesArabia.  Two winners will get tickets to the semifinals of the tournament together with airline tickets to enjoy the excitement and energy of the match.

Turkish Airlines connects travellers to over 340 destinations worldwide while maintaining the utmost care for a safe and healthy travel experience.

Turkish Airlines Adds Poland’s Historic Capital Krakow to Its Flight Network

         Turkish Airlines has launched flights to Krakow, one of Poland’s historic cities, as its second destination in the country after Warsaw. The new city destination will offer GCC travellers more choice when travelling to Poland as well as give them an option of exploring Istanbul as well.

The flag carrier brand will operate Krakow flights with narrow-body aircraft three times a week, on Mondays, Wednesdays, and Fridays, on a reciprocal basis. Turkish Airlines guests can travel from Istanbul to Krakow and back with prices starting from 255 US Dollars (tax included).

Recognized as a city of literature by UNESCO, Krakow traditionally stands out as the center of science, culture and art in Poland. Known as the heart of Poland due to its former capital status and witnessing many historical events, the city welcomes numerous local and foreign tourists each year.

         On the new route, Turkish Airlines Chief Investment & Technology Officer Levent Konukçu stated: “As the airline flying to the more countries than any other in the world, we are glad to add Krakow, our second destination in Poland after Warsaw, to our flight network. With this route, our flag carrier has reached 343 destinations in 129 countries. We will operate 3 weekly reciprocal flights to Krakow, the historic former capital of Poland. We are connecting Krakow to the world with Turkish Airlines’ unique flight experience.”

As the airline flying to the more countries than any other in the world, Turkish Airlines increases the number of its destinations to 343 with Krakow, offering its guests unlimited connection possibilities while continuing to carry its quality and service to all corners of the world.

Flight Schedule:

Flight NoDayDepartureArrival
TK1271Wednesday – FridayİSTANBUL07.2008.30KRAKOW
TK1272Wednesday – FridayKRAKOW09.2012.35İSTANBUL

*All times are in LMT.

*Turkish Airlines reserves the right to make changes in the schedule.

To view the flight schedules please visit www.turkishairlines.com, contact the call center at +90 212 444 0849 or visit any Turkish Airlines sales office.  

Airbus delivered 3x more aircrafts than Boeing amid the pandemic

The recent challenges around safety concerns and the impact of the coronavirus pandemic have resulted in American aircraft manufacturer Boeing losing ground to Airbus. Although both companies control a significant market share, Airbus has extended its dominance over the last five years.

According to data compiled and calculated by Finbold, by the end of 2021, Airbus had delivered 1,376 aircrafts under all categories from the start of the pandemic in January 2020. The units almost tripled the cumulative 466 deliveries made by Boeing over the same period.

Over the last five years, Airbus has had an upper hand delivering 3,757 aircrafts, with Boeing trailing at 2,415. Interestingly, in 2017 and 2018, Boeing recorded a total of 1,569 deliveries which was higher than Airbus’ 1,518

For specific aircrafts, Boeing registered the highest deliveries for the controversial 737 MAX brand with 245 units despite the safety concerns. Elsewhere, A320neo was the leading brand for Airbus with 258 units.

Airbus capitalizes on Boeing’s misfortunes 

The report highlights some of the drivers behind Airbus’s extended dominance over Boeing in recent years. According to the research report:

“Although Boeing and Airbus are historical competitors, the European manufacturer gained the upper hand during the health crisis, capitalizing on the global grounding and delivery pause of Boeing’s 737 MAX. Despite the 737 MAX resuming circulation, Boeing was unable to catch up.”

In general, the two manufacturers took a hit from the pandemic and recorded suppressed orders as the airline industry was grounded globally. However, they still command a significant share of market orders thanks to their market position and they will likely explore means to expand their market position.

#Airbus #Aviation #PrivateJet #GlobalAviation #MyDubai #Aircraft #Travel #Destination

Turkish Airlines launches 40 percent discount campaign for international flights

Turkish Airlines is launching a 40 percent discount campaign for its guests who wish to discover the world again in the coming good days. Passengers taking advantage of the exclusive prices will be able to discover the most beautiful cities around the globe with the flexible ticket options at advantageous prices of Turkish Airlines.

            Passengers who wish to take part of the campaign which is valid with all ticket types of the flag carrier’s international flights*, will be able to fly at a 40 percent discount for flights between April 1 – December 31, 2021 as long as they purchase their tickets between January 13 – 15.

            Turkish Airlines passengers will also be able to change the dates of their campaign tickets free of charge while refunds and cancellations will be subject to the rules of the fare classes.

You can find more detailed information at the www.turkishairlines.com website.

*Flights to/from Ercan Airport and Chinese Mainland (Beijing, Shanghai, Guangzhou and Xi’an) are not included in this campaign.

Turkish Airlines draws the world’s biggest national flag in the sky to honor the founding of the Grand National Assembly of Turkey

A commercial film following flight TK1920 has been broadcasted across Turkish Airlines’ social media accounts

Turkey’s national flag carrier performed one of the most significant flights on April 23, the 100th anniversary of the founding of the Grand National Assembly, and National Sovereignty and Children’s Day.

The TC-JJF registered Boeing 777-300 (ER) type aircraft, which arrived in Ankara in the morning for this special flight, took off from Esenboğa Airport on April 23 at 09:40, local time. Representing the date 23 April 1920, flight TK1920 lasted approximately two hours and followed a route in which the crescent and star symbols in the Turkish flag were drawn. After the flight, which was followed by many through the live air traffic site Flightradar24 that provides flight tracking data, a crescent-star route emerged and passed into Turkish aviation history.

Cpt. Öner Samyel and Cpt. Murat Gülkanat, who made this meaningful flight that left its mark in the heavens, made a special announcement in the sky above the Assembly building itself, which was opened 100 years ago. In the announcement referring to the statement of Gazi Mustafa Kemal Atatürk, “Sovereignty unconditionally belongs to the nation”, it was emphasized that Turkish Airlines ensured that his legacy lived on in the skies.

Turkish Airlines Chairman of the Board and the Executive Committee, M. İlker Aycı said “The inauguration day of the Grand National Assembly of Turkey, founded a hundred years ago to represent the will of a nation which went great lengths to ensure its freedom and independence, was gifted to our children by its founder Ghazi Mustafa Kemal Atatürk as “April 23, National Sovereignty and Children’s Day”, reflecting the confidence in the next generation in the safekeeping of these sacred values. As our country’s national flag carrier, we dedicate today’s exclusive flight to our children, the guardians of our future.”

The commercial about Turkish Airlines’ flight TK1920 has been released on official social media accounts on 23 April at 19:20 (GMT+2).

Comlux takes delivery of its first ACJ320neo

Comlux ACJ320neo take-off.jpg

Comlux has taken delivery of the first of three ACJ320neo1 aircraft, which will now enter VIP cabin-outfitting by Comlux Completion in Indianapolis. It is the largest customer for the ACJ320neo Family, which has already won a total of 11 orders. 

“The new ACJ320neo gives us the means to deliver nonstop flights to even more of the world. CFM International has supported Comlux over the years, and we have chosen its new, fuel-efficient and highly reliable LEAP-1A engines to power the aircraft. Comlux Completion will install a unique VIP cabin interior, using the most advanced technologies to offer the best comfort and luxury to our customer,” says Comlux Executive Chairman and CEO Richard Gaona. 

The ACJ320neo family uses new engines and wingtip mounted Sharklets to deliver a 15 per cent fuel-saving, which also translates into a leap forward in range for business jet operators. 

It comprises an ACJ320neo that can fly 25 passengers 13 hours or 6,000 nm/11,100 km, and an ACJ319neo that can transport eight passengers 15 hours or 6,750 nm/12,500 km. 

“Airbus corporate jets already have a reputation for comfort, reliability and value, already enjoy similar operating costs to traditional business jets through their airliner heritage, and are now even more economical in their NEO versions,” says ACJ President Benoit Defforge. 

More than 700 A320neo Family aircraft are already in service with airlines and, with over 15,000 firm orders for the whole A320 Family, it is the clear leader in its class. 

Airbus’ A320 Family pioneered features that are now standard in most new-generation business jets – such as enhanced-protection fly-by-wire controls, cost-saving centralised maintenance and weight-saving carbonfibre – ensuring that it has a long and successful future ahead of it. 

More than 190 Airbus corporate jets are in service worldwide, flying on every continent, including Antarctica.