Record hight net operating profit from Turkish Airlines

Turkish Airlines has announced its Consolidated Financial Results for the fiscal year of 2007. According to its financials, THY was able to achieve a record high Net Operating Profit of $420mn. Due to the fall of foreign exchange rate, and thus the net exchange loss mainly resulting from Balance Sheet items, Net Profit, with an increase of 80%, is $224 mn. Profit amounts led on to 11.44% net operating margin and 6.12% net profit margin for the year.

Consolidated Financial Results for the Fiscal year 2007

- Net Profit $224 mn (+80%)
- Profit Before Tax $311 mn (+135%)
- Operating Revenue $3,670 bn (+30%)
- Assets $4,226 bn (+34%)
- Passenger carried 19.6 mn (+16%)

Operating revenue increased by 30% to $3.670 mn. 76% of scheduled revenue was from international traffic and 24% was from domestic traffic. In the operating costs, fuel cost’s portion is the same with previous year at 28% and the second important cost item, personnel cost is 24%.

Parallel to revenue increase, traffic results also increased compared with previous year. Accordingly, number of passenger carried increased by 16% to 19.6 mn, cargo-mail increased by 13% to 180 thousands tons. Available Seat Km (ASK) and Revenue Per Km (RPK) increased by 13% and 19% respectively, which increased the L/F by 4 points to 72.7%

As of April 1st 2008, Turkish Airlines has became the full member of Star Alliance. Turkish Airlines passengers will be able to reach 965 airport in 162 countries, earn miles, spend miles at any member airline, use over 790 lounges around the world and benefit other such services.

Turkish Airlines, continues to work customer and quality focused while keeping its healthy growing.

Turkish Airlines
Media Relations

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17.03.2013 Updated