Turkish Airlines reported a $1.1 billion operating profit in Q3 2025—its highest-ever third-quarter performance—driven by record passenger numbers, strategic investments, and steady progress toward its 2033 growth and sustainability targets.
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Turkish AirlinesContinuing its impressive performance and steady progress toward its 2033 strategic goals, Turkish Airlinesannounced a Profit from Main Operations of $1.1 billion for the third quarter of 2025, bringing total operating profit for the first nine months of the year to $1.7 billion.
The national flag carrier’s consolidated assets reached $43.2 billion, while total employment — including subsidiaries — exceeded 101,000 people, reflecting the company’s growing scale and investment in global operations.
During the first nine months of 2025, Turkish Airlines invested $3.6 billion as part of its long-term expansion strategy.
Strong Operational and Financial Performance
Despite a challenging global environment marked by trade disruptions and engine-related constraints across the aviation sector, Turkish Airlines sustained growth for the 18th consecutive quarter.
The airline carried 27.2 million passengers in the third quarter — the highest Q3 figure in its history — representing an 8.2% capacity increase year-over-year and a 43% increase compared to pre-pandemic levels.
Total revenues for the July–September period rose 4.9% year-over-year to approximately $7 billion, supported by a 6.1% increase in passenger revenues amid robust demand and expanded capacity.
While softer yields and higher costs led to a 21.3% year-on-year decline in operating profit, the airline maintained a strong EBITDAR margin of 29.6%, reflecting its solid operational efficiency and cash generation capacity.
Full-year 2025 EBITDAR is expected to remain within the company’s long-term target range of 22%–24%, supported by positive October traffic results showing 19% growth in passenger numbers and 16% growth in cargo volumes.
Strategic Investments and Global Expansion
Turkish Airlines continues to build on its role as a global aviation leader, investing heavily in fleet modernization, partnerships, and sustainability.
As of September 2025, the airline’s fleet expanded 8.4% year-over-year, reaching 506 aircraft despite ongoing production bottlenecks.
In pursuit of its fleet expansion target of over 800 aircraft by 2033, the company concluded major deals with Boeingfor 50 firm and 25 option B787-9/10 aircraft, and 100 firm and 50 option B737-8/10 MAX aircraft.
Additionally, the airline broadened its global partnerships through new codeshare agreements, including a minority stake acquisition in Spain’s Air Europa, designed to strengthen connectivity between Türkiye and Spain, expand access to Latin American markets, and enhance Türkiye’s inbound tourism and economic growth.
Leadership Commentary
Commenting on the third-quarter results, Prof. Ahmet Bolat, Chairman of the Board and Executive Committee of Turkish Airlines, said:
“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 aviation, 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.”
Looking Ahead: Toward the 2033 Vision
As it marks over two decades of consecutive growth, Turkish Airlines continues to implement its Centennial Strategy, aiming to expand its fleet, network, and sustainable operations.
With continued investment in technology, partnerships, and passenger experience, the airline remains well positioned to reach its 2033 targets — cementing its reputation as one of the world’s most resilient and dynamic carriers.
Key Highlights:
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Q3 2025 Operating Profit: $1.1 billion
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9M 2025 Operating Profit: $1.7 billion
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Total Assets: $43.2 billion
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Investments (9M 2025): $3.6 billion
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Fleet Size: 506 aircraft (+8.4% YoY)
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Passenger Growth (Oct 2025): +19%
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Cargo Growth (Oct 2025): +16%
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EBITDAR Margin (Q3 2025): 29.6%
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Full-Year Target: 22–24% EBITDAR margin
Source: Turkish Airlines
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