Turkish Airlines Achieves $2.4 Billion Profit in 2024
Turkish Airlines celebrates a remarkable $2.4 billion profit, progressing effectively in a challenging aviation landscape.
Turkish Airlines has announced a profit of $2.4 billion for the year 2024 despite facing significant challenges in the aviation sector, including geopolitical tensions and production delays.
The airline also disclosed a $260 million cash dividend for the same period, bolstered by a successful share buyback strategy.
Net debt has decreased by $8.3 billion over the past three years, showcasing the airline’s robust performance with total revenues rising by 8.2% to $22.7 billion year-on-year. Passenger revenues grew by 4%, and cargo revenues surged by approximately 35% compared to 2023.
Turkish Airlines
According to Prof. Ahmet Bolat, the airline’s chairman, “Turkish Airlines continues to set industry benchmarks with its strong financial performance and strategic growth as showcased by our 2024 results.” (Translation: Turkish Airlines continues to set industry benchmarks with its strong financial performance and strategic growth as showcased by our 2024 results.)
In 2024, the airline also expanded its service routes and received several prestigious awards, reinforcing its position as a leader in global aviation.
