Turkish Airlines carried a total of 24.5 million passengers and recorded $1.3 billion of profit during the third quarter of 2024.
Passenger numbers were up 5.4% from the same period in 2023 amid a turbulent period for airlines, with aircraft production bottlenecks and engine manufacturing issues hitting the sector.
The Turkish carrier’s total revenue for the third quarter increased by 4.9% against the comparable period of the year prior to $6.6 billion, with passenger numbers accounting for 84% of that total.
Turkish Cargo also saw growth within the three-month period, with revenue rising by 47% in comparison with 2023, to $911 million. Meanwhile cargo volumes were up 16.8% compared to last year’s third quarter.
In the nine-month period between January and September, the carrier increased its number of planes in its fleet to 467.
Additionally, during the quarter, Turkish Airlines became the first carrier outside of China to finance three Airbus A350s using Chinese Yuan. It also secured a sustainability linked loan for two fuel-efficient A321neos, marking the airline’s first deal involving sustainable finance.