Turkish Airlines’ profits surges to 4 billion Turkish Liras in 2018

Turkish Airlines’ profits surges to 4 billion Turkish Liras in 2018

ISTANBUL
Turkish Airlines’ profits surges to 4 billion Turkish Liras in 2018

Turkish Airlines reported that its net profit soared to 4 billion Turkish Liras ($745 million) in 2018 from 639 million liras in 2018.

Revenues of the national flag carrier also increased by a strong 58 percent last year to reach 62.9 billion liras while its gross profit rose to 13.5 billion liras in 2018 from 7.8 billion liras in 2017.

The company said that served 75 million passengers last year versus 69 million passengers in 2017.

Turkish Airlines, founded in 1933 with a fleet of five aircrafts, currently has 332 aircrafts, including passenger and cargo planes, and flies to more than 300 destinations in 124 countries.

Pegasus Airlines

On a related note, Turkey’s leading low cost carrier Pegasus Airlines reported on March 4 that its net profit rose by one percent in 2018 to stand at 507 million liras.

The carrier’s revenues increased by 55 percent to 8.3 billion liras in 2018.

The number of domestic passengers the company carried was up 5 percent to 17.7 million while international passengers rose by 12 percent to 11.7 million.

Pegasus has a total of 81 aircraft in its fleet.

Turkish Airlines, Pegasus Airlines, profits, 2018