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Turkish Airlines increases profits to $632 million

Posted 10 April 2013 · Add Comment

Turkish Airlines has recorded a TL1.133 million (US$632 million) net profit in 2012 it has been reported to the Istanbul Stock Exchange.

The airline’s sales revenue increased by 26% to TL14.9 billion (US$8.3 billion), operating profit increased by 192% to TL1.048 million (US$588 million) and net profit increased from TL19 million (US$10.6 million) in 2011 to TL1.133 million TL (US$ 632 million) in 2012.

During 2012 Turkish Airlines carried 39 million passengers – a 20% increase compared to 2011.
With this performance, Turkish Airlines is ranked third in passengers carried among Association of European Airlines (AEA) members. In 2012, compared to the previous year, available seat kilometre (ASK) and revenue per kilometre (RPK) increased by 18% and 26%, respectively. Despite the increase in ASK, passenger load factor went up by 4,8 points to 77.4%.
Turkish Airlines has one of the youngest and most dynamic fleets in the world. In 2012, it had 202 aircraft, comprising 159 narrow-body, 36 wide-body and seven cargo aircraft.
Last year 32 new routes were opened, bringing the total international lines to 181 in 96 countries. Including domestic destinations, total number of destinations stood at 217. Turkish Airlines was named the airline that flies to more countries than any other airline.
And was voted ‘Best Airline in Europe’ for the second year running at the 2012 Skytrax World Airline Awards. 
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