Turkish Airlines Posts $2.4B Profit, $260M Dividend Announced

Turkish Airlines posted a profit from Main Operations of USD 2.4 billion in 2024, continuing its strong performance despite global obstacles. The Airline announced a cash dividend of USD 260 million for investors. With revenues rising by 8.2 per cent, Turkish Airlines continues its growth trajectory, bolstering Turkiye's position in global aviation.

Turkish Airlines reported a Profit from Main Operations of USD 2.4 billion in 2024, demonstrating strong resilience in a challenging global environment. Despite geopolitical tensions, supply chain issues, and engine setbacks, the Airline outperformed industry averages in capacity, passenger numbers and profitability. Over the last three years, Turkish Airlines successfully reduced its net debt by USD 8.3 billion. The Airline's revenue in 2024 increased by 8.2 per cent, reaching USD 22.7 billion. Passenger revenue grew by 4 per cent despite the intensified competition, while cargo revenue surged by 35 per cent.

Turkish Cargo's success, which makes it the world's third-largest air cargo carrier, was driven by a 20 per cent increase in annual cargo volume. Approximately USD 18 billion of the company's revenue was recorded as export earnings, highlighting its prominent economic contribution.

Turkish Airlines' operational cash generation capacity was demonstrated through its USD 5.7 billion EBITDAR and a 25.3 per cent margin. These results mirror its robust performance and commitment to investor returns. Prof. Ahmet Bolaty, Chairman of Turkish Airlines, stated, "Our 2024 results reflect the strength of our financial performance and strategic growth. Despite global challenges, we continue expanding our network and offering investors and passengers long-term value. As we approach our 100th anniversary, we remain dedicated to strengthening Turkiye's role in global aviation."  

In 2024, Turkish Airlines set a Guinness World record for "Most Countries Flown to by an Airline" and added new routes to Melbourne, Sydney, and Santiago. The Airline's fleet grew by 12 per cent, and thus, it secured innovative financing options, including sustainability-linked loans. Turkish Airline's commitment to sustainable growth remains integral to its 2023 strategy.

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