![]() ![]() ![]() ![]() The carrier, 49.1%-owned by the nation’s sovereign wealth fund, has set a target of 171 million travelers by 2033. Turkish Airlines plans to almost double its fleet of aircraft to 800 over the next decade. The company’s presentation for the first half results show it posted a 27% increase in international passengers, as Turkish carriers focus on overseas markets due to a domestic airfare price cap and runaway inflation at home. That compensated for a decline of about 42% in cargo to $1.2 billion. The national carrier’s total revenue rose 25% during the same period to $9.5 billion while profits stood at $868 million, driven by a 50% surge in passenger income, according to earnings data published on Wednesday. (Bloomberg) - Turkish Airlines reported an 18% increase in net income in dollar terms during the first half of 2023 from a year ago, with passenger revenues offsetting a decline in the cargo unit. ![]()
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