Turkish Airlines continues to walk the path of strong growth, reporting higher operating results for Q3 and the first nine months of 2023. The carrier sees no immediate slowing down of demand, so proceeds with the expansion strategy for the short and medium terms even as sourcing new aircraft will take longer.
In Q3, Turkish Airlines posted a net profit of $1.920 billion, up 26.7 percent over $1.515 billion in 2022. Profit from main operations grew by 23.3 percent to $1.736 billion from $1.408 billion. Without a one-off impact, the result would have been $300 million higher. The operating margin was 30.4 percent, up 5.4 percentage points.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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