Turkish Airlines closed the second quarter (Q2) of 2023 with a net profit of $635 million citing strong international demand with 28% higher passenger capacity than the 2019 level. Turkish reported a total revenue of $5.1 billion, increasing by 13.5% compared to the same period last year. Due to decelerating global trade and earthquake impact, its cargo revenues decreased by 44% year-over-year to $600 million, %53 higher than the 2019 level.
The airline exceeded its international capacity by 29% during the quarter all the while increasing its fleet size by 10% as compared to the same time last year. In Q2, 2023, the airline carried over 21 million passengers in total, with a domestic load factor of 81.5% and an international load factor of 81.8%.
“Through its 90 years of experience and successful crisis management, Turkish Airlines once again showed its ability to overcome the negative circumstances surrounding our industry since 2020,” the airline said in a statement.