Turkish Airlines has reported a main operations profit of $2.2 billion at the close of the 2025 fiscal year. Despite geopolitical challenges and global supply chain disruptions, the carrier achieved revenues exceeding $24 billion, marking the highest operating results in its history.
Financial Strength and Revenue Growth in 2025
Throughout 2025, the airline demonstrated remarkable cash generation capabilities and financial resilience. Key indicators reflect a robust performance across all quarters:
- Total Revenue: Reached $24.1 billion, representing a 6.3% increase over the previous year.
- Fourth Quarter Performance: In the final period of 2025, revenues rose 12% year-on-year, reaching $6.3 billion.
- Operating Profit (Q4): Main operations profit in the fourth quarter grew by 23% compared to the prior year, totaling $534 million.
- EBITDAR Margin: Earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR) recorded a margin of 23.7%, surpassing the midpoint of the company’s long-term objective.
- The total EBITDAR value amounted to $5.7 billion.
Operational Milestones: Fleet and Passenger Traffic
Turkish Airlines consolidated its position as the network carrier with the highest number of flights operated in Europe during 2025. This leadership was supported by a strategic expansion of its operational capacity:
- Fleet Expansion: Despite aircraft production bottlenecks, the fleet grew 5% year-on-year, ending the year with 516 aircraft.
- Passenger Record: The company transported 92.6 million passengers, driven by strong demand in the international and premium segments.
- Passenger Revenue: Grew by 7.4%.
- Workforce and Assets: The total number of employees, including subsidiaries, exceeded 101,000 professionals, while consolidated assets reached $46.6 billion.
Cargo Sector Performance and Market Challenges
The air cargo division faced a complex environment due to the slowdown in global trade and tariff tensions. However, a volume-based strategy allowed the carrier to mitigate the decline in unit yields:
| 2025 Cargo Indicator | Result |
| Cargo Volume | 2.2 million tons (+16.6%) |
| Cargo Revenue | $3.4 billion |
This success was achieved despite cost pressures derived from inflation and recurring technical issues with engines affecting the entire aviation industry.
Strategic Investments and Outlook for 2026
In line with its “Strategic Century View,” Turkish Airlines executed investments worth $6 billion in 2025 alone. Over the last five years, the total cumulative investment figure amounts to approximately $20 billion.
Looking ahead, Prof. Ahmet Bolat, Chairman of the Board of Directors and the Executive Committee, highlighted that the diversified revenue structure has been key to adapting to changing commercial and geopolitical conditions.
For 2026, the airline maintains an optimistic outlook based on strong performance during January and February. The EBITDAR margin is projected to remain within the 22% to 24% range, meeting strategic objectives for sustainable growth and national development.
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