Turkish Airlines reports USD 1.1 billion Q3 profit, highest-ever passenger numbers, and continued strategic growth
Turkish Airlines has reported a profit from main operations of USD 1.1 billion for the third quarter of 2025, continuing its consistent growth toward its 2033 strategic goals. The airline’s total revenues increased by 4.9% year-on-year to approximately USD 7 billion for the quarter, while total revenues for the first nine months of 2025 reached USD 17.8 billion.
The carrier’s EBITDAR — a measure of operational cash generation — stood at USD 2.1 billion, reflecting a 29.6% margin, with full-year expectations in the 22–24% range. Consolidated assets totalled USD 43.2 billion, and total employment, including subsidiaries, surpassed 101,000.
During the July–September period, Turkish Airlines carried 27.2 million passengers, the highest third-quarter figure in its history, marking 18 consecutive quarters of growth. Passenger capacity rose 8.2% year-on-year, placing it 43% above pre-pandemic levels. Passenger revenue increased 6.1%, supported by sustained travel demand despite softer yields and ongoing cost pressures.
In a statement, Prof. Ahmet Bolat, Chairman of the Board and Executive Committee, Turkish Airlines, said: “The profit we achieved in the third quarter once again underscored Turkish Airlines’ adaptability under a wide range of operational conditions. 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.”
For the first nine months of 2025, the airline invested USD 3.6 billion, aligning with its centennial growth strategy. In October, the company recorded a 19% rise in passenger numbers and a 16% increase in cargo volumes, reinforcing expectations of a strong year-end performance.
Turkish Airlines also expanded its global partnerships, signing new codeshare agreements and reaching an agreement with Spain’s Air Europa for a minority stake acquisition. The move is intended to enhance connectivity between Türkiye and Spain and expand access to tourism markets in Latin America.
As of September 2025, the airline’s fleet grew by 8.4% year-on-year to 506 aircraft, despite ongoing manufacturing bottlenecks. Turkish Airlines finalised orders with Boeing for 50 firm and 25 optional 787-9/10 aircraft, and 100 firm with 50 optional 737-8/10 MAX aircraft, aiming to expand its fleet to over 800 aircraft by 2033.
The airline said it continues to advance confidently toward its Centennial Strategy, focused on sustainable growth, operational efficiency, and long-term profitability despite global industry challenges.
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