Turkish Airlines reported 1.1 billion USD Profit from Main Operations in the third quarter of 2025
Continuing its steady growth in line with its 2033 targets, Turkish Airlines reported 1.1 billion USD Profit from Main Operations in the third quarter of 2025.
- Total Revenues increased by 4.9% year-over-year, amounting to approximately 7 billion USD in the third quarter of 2025. In the first nine months of the year, Total Revenues surpassed 17.8 billion USD.
- The third quarter Profit from Main Operations was recorded as 1.1 billion USD, bringing the total for the January–September 2025 period to 1.7 billion USD.
- Consolidated assets amounted to 43.2 billion USD, while total employment including subsidiaries exceeded 101 thousand.
- As part of the 2033 targets, the value of investments made in the first nine months of the year reached 3.6 billion USD.
- With strong October traffic results, including a 19% increase in passenger numbers and a 16% increase in cargo volume, and forward booking trends, the 2025 year-end EBITDAR margin is expected to be 22-24%, aligned with the Company’s long-term target.
Announcing its financial results for the third quarter of 2025, Turkish Airlines continued its uninterrupted growth during a period marked by extraordinary developments around the world. Despite the uncertainties brought by trade disruptions and the engine-related challenges in the aviation industry, our Company carried 27.2 million passengers during the quarter – marking the highest third-quarter figure in its history. Sustaining growth for 18 consecutive quarters, our Company increased its passenger capacity by 8.2%, compared to the same period last year, pushing it 43% above pre-pandemic levels.
During the July–September 2025 period, Turkish Airlines’ total revenues rose by 4.9% year-over-year to approximately 7 billion USD, thanks to strong contributions from passenger operations. Passenger revenues climbed by 6.1% with favorable demand in response to higher capacity. Despite the growth in total revenues, the softening in yields and ongoing cost pressures in the third quarter led to a 21.3% year-on-year decrease in Profit from Main Operations to 1.1 billion USD.
Commenting on 2025 third quarter results, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat, stated; “The profit we achieved in the third quarter of 2025 once again underscored Turkish Airlines’ adaptability under a wide range of operational conditions through its diversified revenue structure. As Türkiye’s most valuable brand on the international stage and a global leader in worldwide aviation sector, we will continue to grow and invest in line with our 2033 strategy. Our focus goes beyond profitability – we are committed to achieving long-term and sustainable success.”
In the third quarter of 2025, EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortization, and Rent) which indicates our Company’s operational cash generation capacity, was recorded at 2.1 billion USD with a margin of 29.6%. Reflecting the strong forward bookings, the full-year 2025 EBITDAR margin is expected to remain within the Company’s long-term target range of 22%–24%.
Turkish Airlines continued its efforts to expand its commercial partnerships without interruption in the third quarter of 2025 as well. In addition to codeshare agreements signed with various airlines around the world, our Company reached an agreement with one of Spain’s leading airlines, Air Europa, for the acquisition of minority stake. Through this agreement, Turkish Airlines aims to strengthen its global connectivity while enhancing passenger and cargo network between Türkiye and Spain, increasing the number of tourists visiting Türkiye, and contributing further to the country’s economy by opening new tourism markets in Latin America.
Aiming to expand its fleet to over 800 aircraft by 2033, the national flag carrier of Türkiye increased its number of aircraft by 8.4% year-on-year as of September 2025, bringing the number of aircraft to 506 despite ongoing bottlenecks in aircraft production. To further enhance operational efficiency, flexibility, and passenger comfort, Turkish Airlines concluded negotiations with Boeing for 50 firm and 25 option orders of B787-9/10 aircraft, along with 100 firm and 50 option orders of B737-8/10 MAX aircraft.
Turkish Airlines continues its journey of sustainable growth with confidence, steadily advancing toward the targets set out in its Centennial Strategy.
About Turkish Airlines:
Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 505 (passenger and cargo) aircraft flying to 355 worldwide destinations as 302 international and 53 domestics in 131 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.
About Star Alliance:
Established in 1997 as the first truly global airline alliance, the Star Alliance network was founded on a customer value proposition of global reach, worldwide recognition, and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a strong emphasis on enhancing the customer experience throughout the entire Alliance journey.
The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United.
Overall, the Star Alliance network currently offers 17,837 daily flights to over 1,160 airports in 192 countries. Further connecting flights are offered by Star Alliance Connecting Partner Juneyao Airlines.
