Turkish Airlines’ 2011 consolidated financial statements were reported to Istanbul Stock Exchange.
Along with the successul performance in the second half of the year, Turkish Airlines increased its sales revenue by 40%, compared to 2010, and recorded operating profit of 339 million TL. Net profit came in at 19 million TL, due to predominantly non operating items.
Turkish Airlines also recorded significant traffic results in 2011. Number of passengers carried increased by 12%, reaching to 32,7 million; Available Seat Km increased by 25%, reaching to 81,2 billion, Load Factor dropped by 1,1 point to 72.6%, Revenue Cargo Tonne Km increased by 38% and stood at 1.459 million. International to international passengers’ share in total transfer passengers in 2011 was @. By the end of 2011, total number of aircraft in our fleet went up to 180, out of which 139 narrow body, 35 wide body and 6 cargo aircraft. Number of international routes increased to 149 in 82 countries, by the addition of 19 new international routes.
Despite the political turmoil in the MENA region, Japan earthquake and 37% increase in jet fuel unit costs; 2011 still turned out to be a positive year for Turkish Airlines, in terms of both financial and commercial results. Furthermore, Turkish Airlines was awarded as “The Best Airline in Europe” in 2011.
Turkish Airlines is aware of the fact that its long-term growth strategy can only be achieved by the healthy entegration of operational and financial discipline. Turkish Airlines is taking confident steps towards 2012 and the following years, without compromising from its effective cost management.
For Further Information please contact
Investor Relations Department
Tel: 90-212-463-6363 x-13630
Turkish Airlines, Inc
About Turkish Airlines:
Established in 1933 with a fleet of only five airplanes, Star Alliance member, Turkish Airlines is today a four star airline with a fleet of 179 aircraft (passenger and cargo) flying to 191 cities around the world, comprised of 40 domestic and 151 international destinations. One of the fastest growing airline companies, Turkish Airlines has received several “Passengers Choice Awards” from the consumer ranking group, Skytrax. Based on 2011 results, Turkish Airlines has been chosen as the winner in 3 categories, “Best Airline Europe”, “Best Premium Economy Seats” for its Comfort Class seats and “Best Airline Southern Europe”. It has also received awards for its catering and holds a coveted 4-star designation, putting the airline in a small group of top quality carriers. Turkish Airlines was also given the Skytrax designation of “World’s Best Economy Class On-board Catering” in 2010, and Skyscanner’s “Best On-board Food 2011”. Long haul Business Class passengers also enjoy the Flying Chef service on-board.
About Star Alliance:
The Star Alliance network was established in 1997 as the first truly global airline alliance to offer worldwide reach, recognition and seamless service to the international traveller. Its acceptance by the market has been recognised by numerous awards, including the Air Transport World Market Leadership Award and Best Airline Alliance by both Business Traveller Magazine and Skytrax. The member airlines are: Adria Airways, Aegean Airlines, Air Canada, Air China, Air New Zealand, ANA, Asiana Airlines, Austrian, Blue1, British Midland International, Brussels Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, South African Airways, SWISS, TAM Airlines, TAP Portugal, Turkish Airlines, THAI, United and US Airways. Avianca-TACA, Copa Airlines, EVA Air and Shenzhen Airlines have been announced as future members. Overall, the Star Alliance network offers more than 20,800 daily flights to 1,300 airports in 189 countries.