Turkish Airlines finished the 2022 financial year with a US$2,7bn (R49bn) nett profit, which seems to be the largest international airline group profit reported since the pandemic.
TK carried 72 million passengers in the reporting period. Its load factors were quoted as 85,8% on domestic and 80,1% on international flights.
The airline exceeded its 2019 revenues by 39%, with a record-high revenue of US$18,4bn (R333,6bn).
Its earnings prior to interest, taxes, depreciation, amortization, and rent (EBITDAR) amounted to US$5,4 billion (R97,9bn).
The airline attributes part of this success to effective cost management through 2022, achieved by reducing its unit expenses, excluding fuel, by 2% compared with 2019.
“Turkish Airlines closed 2022 with US$2,7 billion nett profit, standing out from its competition thanks to its operational agility, wide flight network, and highly skilled workforce it maintained during the COVID pandemic,” said the airline.