Turkish Airlines Recorded a Net Profit of USD 197 Million

Mumbai, August 9:

As Europe’s leading network carrier by number of flights, Turkish Airlines continued to expand its fleet in line with its sustainable growth targets despite uncertainties resulting from the war in the Middle East and bottlenecks in aircraft production. Expanding its fleet by 14% year-on-year to 552 aircraft as of the end of June 2026, Turkish Airlines increased its Total Revenues by 20.5% year-on-year to USD 7.2 billion in the second quarter of 2026, supported by capacity planning adapted to rapidly changing operating environment.

Although geopolitical developments in the Middle East placed significant pressure on global air cargo capacity during the second quarter of 2026, Turkish Cargo responded effectively to demand through its strong infrastructure and strategic geographical position. As a result, cargo volume increased by 11.3%, while cargo revenues rose by 58% to nearly USD 1.3 billion.

The impact of the war in the Middle East was reflected noticeably in the second-quarter financial results due to the delayed effect of the sharp increase in jet fuel prices on costs. Nevertheless, higher passenger and cargo unit revenues served as an important balancing factor, driven by the Company’s selective growth strategy with a continued focus on profitability. Reflecting this performance, EBITDAR exceeded the Company’s publicly announced guidance, surpassing USD 900 million, while EBITDAR margin was recorded at 12.6%. During the same period, a Net Profit of USD 197 million was recorded with the positive contribution of the investment portfolio.

Commenting on the second quarter 2026 results, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Murat Şeker, stated: “Despite the uncertainty caused by geopolitical developments in the Middle East and the sharp increase in fuel prices, we have successfully managed this challenging period, as we have in previous crises. This was made possible by our extensive flight network, diversified business model and agile operational capabilities. At the same time, we continued to implement end-to-end efficiency initiatives across all units of our Company while maintaining our disciplined cost management approach.