Turkish Airlines reported a profit of USD 1.1 billion from main activities in the third quarter of 2025 | News
With the announcement of its financial results for the third quarter of 2025, Turkish Airlines continued its uninterrupted growth during a period marked by extraordinary developments around the world. Despite the uncertainties caused by trade disruptions and engine-related challenges in the aviation industry, the airline carried 27.2 million passengers this quarter – the highest third-quarter figure in its history. Turkish Airlines maintained growth for 18 consecutive quarters and increased its passenger capacity by 8.2%, compared to the same period last year, making it 43% above pre-pandemic levels.
During the July-September 2025 period, Turkish Airlines’ total revenues increased 4.9% year-on-year to approximately USD 7 billion, driven by strong contributions from passenger operations. Passenger revenues increased by 6.1% due to favorable demand in response to higher capacity. Despite total revenue growth, the decline in yields and continued cost pressures in the third quarter led to a 21.3% year-on-year decline in profit from main activities to USD 1.1 billion.
Commenting on the third quarter 2025 results, Prof. Ahmet Bolat, Chairman of the Board of Directors and Executive Committee of Turkish Airlines; “The profit we achieved in the third quarter of 2025 once again underlined Turkish Airlines’ adaptability under a wide range of operating conditions through its diversified revenue structure. As Türkiye’s most valuable brand on the international stage and a global leader in the global aviation sector, 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.”
In the third quarter of 2025, EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortization, and Rent), which indicates our company’s operating cash generation capacity, was recorded at USD 2.1 billion with a margin of 29.6%. Reflecting strong forward bookings, full-year 2025 EBITDAR margin is expected to remain within the company’s long-term target range of 22%-24%.
Turkish Airlines continued its efforts to expand its commercial partnerships without interruption in the third quarter of 2025 as well. In addition to codeshare agreements signed with several airlines around the world, our company has reached an agreement with one of Spain’s largest airlines, Air Europa, for the acquisition of a minority stake. With this agreement, Turkish Airlines aims to strengthen its global connectivity while improving the passenger and cargo network between Türkiye and Spain, increasing the number of tourists visiting Türkiye and further contributing to the country’s economy by opening new tourism markets in Latin America.
Aiming to expand its fleet to more than 800 aircraft by 2033, Türkiye’s national carrier increased its aircraft count by 8.4% year-on-year from September 2025, bringing the number of aircraft to 506, despite persistent aircraft production bottlenecks. To further improve operational efficiency, flexibility and passenger comfort, Turkish Airlines has completed negotiations with Boeing for 50 firm and 25 option orders for B787-9/10 aircraft, along with 100 firm and 50 option orders for B737-8/10 MAX aircraft.
Turkish Airlines continues its journey of sustainable growth with confidence and steadily progresses towards the goals set in its Centennial Strategy.
