Turkish Airlines Strengthens Growth with Solid Financial Results in Third Quarter of 2025

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5 days ago

Turkish Airlines closed the third quarter of 2025 with a profit of $1.1 billion from core operations, bringing the cumulative total from January to September to $1.7 billion. Despite cost pressures and moderated yields, the airline managed to maintain its profitability thanks to a diversified revenue structure and sustained demand in the passenger segment.

During this period, total revenue reached approximately $7 billion, representing a year-on-year increase of 4.9%. Passenger revenue grew by 6.1%, driven by increased capacity and favorable market response.

Prof. Ahmet Bolat, Chairman of the Board and the Executive Committee of Turkish Airlines, emphasized: “The profit obtained in the third quarter of 2025 reaffirms Turkish Airlines’ ability to adapt to various operational scenarios, thanks to its diversified revenue structure. As Türkiye’s most valuable brand internationally and a global leader in the aviation sector, we will continue to grow and invest in line with our 2033 strategy. Our vision goes beyond profitability: we seek sustainable, long-term success.”

Record Traffic and Operational Performance

Between July and September, Turkish Airlines carried 27.2 million passengers, achieving the highest volume for a third quarter in its history. This figure reflects an 8.2% increase in capacity compared to the same period last year, standing 43% above pre-pandemic levels. The company has sustained its growth for 18 consecutive quarters.

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In October, traffic continued to show strength, with a 19% increase in the number of passengers and a 16% rise in cargo volume. These results support the forecast for an annual EBITDAR margin between 22% and 24%, in line with long-term strategic goals.

Financial Capacity and Future Projections

Third-quarter EBITDAR stood at $2.1 billion, with a margin of 29.6%, reflecting the airline’s operational cash generation capability. Consolidated assets reached $43.2 billion, while the total number of employees, including subsidiaries, exceeded 101,000.

In the first nine months of the year, investments made totaled $3.6 billion, falling within the framework of the objectives set for 2033.

International Alliances and Fleet Expansion

Turkish Airlines strengthened its commercial partnerships during the third quarter, including new code-share agreements with international airlines. A notable agreement was made with Air Europa, one of Spain’s leading airlines, for the acquisition of a minority stake. This alliance aims to expand global connectivity, boost traffic between Türkiye and Spain, and open new tourist markets in Latin America.

Regarding the fleet, the airline increased its number of aircraft by 8.4% year-on-year, reaching 506 units by the end of September, despite challenges in aircraft production. In line with its centennial strategy, Turkish Airlines concluded negotiations with Boeing to acquire 50 B787-9/10 aircraft and 100 B737-8/10 MAX, plus options for 75 additional units.