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Turkish Airlines Profit Up 82%  
User currently offlineTKfan From Turkey, joined Oct 2007, 653 posts, RR: 1
Posted (6 years 5 months 5 days 6 hours ago) and read 2062 times:

According to their trial balance sheet reported to the Istanbul Stock Exchange, Turkish Airlines had a net profit of 289 million YTL, approximately 241m$, in 2007.

If this will be confirmed in the approved balance sheet end of March, this is an increase of 82%!
2006 they had a profit of 132m$ and 103m in 2005.

7 replies: All unread, jump to last
 
User currently onlineTK787 From United States of America, joined Jan 2006, 4383 posts, RR: 12
Reply 1, posted (6 years 5 months 5 days 6 hours ago) and read 2049 times:

Still hard to believe they achieve this with a small fraction of Turkey's potential. TK should be able to make this profit just from its domestic network, or just by flying to German cities.
But again congrats to TK to be able to turn a profit (unlike the ones here in the US), in a year filled with union negotiations, high fuel prices, over capacity airports. Not even taking into consideration bordering a never ending war in Iraq (used to be one of Turkey's largest trading partners), and still giving a choice of salad or sandwich on 50 min. domestic flights.
Now it is time to go spend that money on some brand new jets!!!


User currently offlineBahadir From United States of America, joined Oct 2001, 1772 posts, RR: 10
Reply 2, posted (6 years 5 months 5 days 4 hours ago) and read 1993 times:

I think this is a very healthy profit level. I can tell from the fares between Turkey and US, i haven't used TK for last 3 flights. They come much more expensive than NW and DL.. I know TK's food is better but i like NW better and will be using it for short SEA-AMS-IST runs from this point on..


Earthbound misfit I
User currently offlineGokmengs From United States of America, joined Mar 2005, 1123 posts, RR: 2
Reply 3, posted (6 years 5 months 5 days 4 hours ago) and read 1982 times:



Quoting TK787 (Reply 1):
Still hard to believe they achieve this with a small fraction of Turkey's potential. TK should be able to make this profit just from its domestic network, or just by flying to German cities.

My thoughts exactly, they can do better since they are a near monopoly.
The new WB order will help I'm sure.

Quoting Bahadir (Reply 2):
I think this is a very healthy profit level. I can tell from the fares between Turkey and US, i haven't used TK for last 3 flights. They come much more expensive than NW and DL.. I know TK's food is better but i like NW better and will be using it for short SEA-AMS-IST runs from this point on..

Bahadir I was thinking you were a *Alliance soldier? Did you switch to ST? Whats up?



Gercekleri Tarih Yazar Tarihide Galatasaray
User currently offlineTKfan From Turkey, joined Oct 2007, 653 posts, RR: 1
Reply 4, posted (6 years 5 months 5 days 3 hours ago) and read 1970 times:



Quoting TK787 (Reply 1):
TK should be able to make this profit just from its domestic network, or just by flying to German cities.

I dont think they make big profits out of their domestic services, theres a huge competition ongoing. I think thats why they leave the SAW market partly to Sun Express and creating a LCC in Ankara; its not possible to cope with other LCCs having a cost structure of a full service legacy carrier.

just some numbers out of their presentation (Jan-Sep2007)

Assuming the int/dom traffic share is 50/50, traffic share vs. revenue, rounded numbers

Domestic 50% vs. 25%
Europe 34.5% vs. 41%
Far East 6.5% vs. 17%
Middle East 5.5% vs. 9.5%
Africa 2% vs. 3%
N.America 1.3% vs. 4.5%

I know its not simple as that, as its not obvious if the traffic shares are meant in Passenger numbers or RPK, but guess where the profit comes from  Wink


User currently onlineTK787 From United States of America, joined Jan 2006, 4383 posts, RR: 12
Reply 5, posted (6 years 5 months 5 days 1 hour ago) and read 1934 times:



Quoting Bahadir (Reply 2):
They come much more expensive than NW and DL.. I know TK's food is better but i like NW better and will be using it for short SEA-AMS-IST runs from this point on..

My last three were KL, DL, AZ. Next DL.
Since DL and NW might be one shortly, who knows we can get 330/340 on the route in the future. Also DL will have PTVs in Y, and lie-flat seats in J in the near future. I would love 2-3-2 seating with PTVs on JFK-IST until 350/787s arrive.
KLs 737s on the AMS-IST route should be upgraded. They are in worse shape then the TK 737s.


User currently offlineTKfan From Turkey, joined Oct 2007, 653 posts, RR: 1
Reply 6, posted (6 years 5 months 2 days 6 hours ago) and read 1816 times:

An article today on Airporthaber reminded me of another reason why the profit grew that fast. I remember their General Manager told in another interview the growth rate in Business class was double of the overall growth rate.
The CEO of Turkish Airlines, Candan Karlitekin, stated this in this article, and says they will focus on premium Passengers and want to increase the numbers as much as possible.

I think they finally realise where the money is, and do not focus too much to the domestic market


User currently offlineBahadir From United States of America, joined Oct 2001, 1772 posts, RR: 10
Reply 7, posted (6 years 5 months 2 days 5 hours ago) and read 1793 times:



Quoting Gokmengs (Reply 3):

Bahadir I was thinking you were a *Alliance soldier? Did you switch to ST? Whats up?

I was when i was flying 100 segments / year domestically with United. My entire travel time from SEA to IST is 14 hrs. Noone can beat that.. Also, on the way back i clear customs in SEA; no ORD/JFK/IAD zoos. I am happy with NW's service. It's not too bad for a US domestic airline.



Earthbound misfit I
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