The nationwide flag provider Turkish Airlines marked a whopping $2.7 billion web revenue in 2022 due to a robust restoration in demand, the corporate introduced Wednesday.
“Turkish Airlines closed 2022 with 2.7 billion USD net profit standing out from its competition thanks to its operational agility, wide flight network and highly skilled workforce it maintained during the coronavirus pandemic,” it stated.
The firm reaped a record-high income of $18.4 billion final yr, exceeding its 2019 pre-virus degree by 39%.
With a fleet of 394 plane, Turkish Airlines carried round 72 million passengers with an 85.8% home and 80.1% worldwide load issue.
The flag provider maintained its efficient value administration in 2022 by decreasing its unit bills excluding gas by 2% in comparison with 2019.
The airline’s earnings earlier than curiosity, taxes, depreciation, amortization, and hire (EBITDAR) amounted to $5.4 billion.
Its cargo revenues surged 120% in comparison with 2019, reaching $3.7 billion final yr.
Quadrupling its market share within the air freight market within the final 10 years, Turkish Cargo ranked fifth among the many world’s high air cargo carriers, in keeping with 2022 information by the International Air Transport Association.
Source: www.dailysabah.com
