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, 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 5^th 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 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:

*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.