Turkish Airlines Reports USD 1.1 Billion Operating Profit in Q3 2025, Continuing Strong Growth Toward 2033 Targets
Turkish Airlines has announced another quarter of solid performance, reporting a USD 1.1 billion Profit from Main Operations in the third quarter of 2025, underscoring its steady growth trajectory and resilience amid global industry challenges.
During the quarter, total revenues rose by 4.9% year-on-year to approximately USD 7 billion, bringing total revenues for the first nine months of the year to USD 17.8 billion. Consolidated assets stood at USD 43.2 billion, and total employment across the airline and its subsidiaries surpassed 101,000. Investments in the first nine months reached USD 3.6 billion, reflecting the company’s ongoing commitment to its 2033 strategic goals.
Passenger demand remained robust, with 27.2 million passengers carried during the quarter — the highest third-quarter figure in Turkish Airlines’ history. The airline has now sustained growth for 18 consecutive quarters, expanding passenger capacity by 8.2% year-on-year and exceeding pre-pandemic levels by 43%.
While total revenues increased, softer yields and cost pressures led to a 21.3% year-on-year decline in Profit from Main Operations compared to the same period in 2024. Passenger revenues nonetheless grew 6.1%, supported by continued strong demand and increased capacity.
Commenting on the results, Prof. Ahmet Bolat, Chairman of the Board and the Executive Committee of Turkish Airlines, stated:
> “Our third-quarter results reaffirm Turkish Airlines’ adaptability and resilience across a wide range of operating conditions. As Türkiye’s most valuable brand and a global aviation leader, we are committed to sustainable, long-term growth aligned with our 2033 vision. Our focus extends beyond profitability — it is about building enduring value for our employees, passengers, and stakeholders.”
During the third quarter, EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortization, and Rent) reached USD 2.1 billion, with a margin of 29.6%. Reflecting strong forward bookings and solid October performance — including 19% growth in passenger traffic and 16% growth in cargo volumes — the airline expects a full-year EBITDAR margin of 22–24%, consistent with its long-term targets.
In parallel, Turkish Airlines continued to expand its global partnerships and network. In the third quarter, the airline signed multiple codeshare agreements and finalized an agreement to acquire a minority stake in Spain’s Air Europa, strengthening connectivity between Türkiye, Spain, and Latin America. The partnership aims to boost tourism, expand cargo operations, and further contribute to Türkiye’s economy.
As of September 2025, Turkish Airlines’ fleet increased by 8.4% year-on-year to 506 aircraft, despite ongoing production bottlenecks in the aviation sector. The airline also concluded negotiations with Boeing for 50 firm and 25 optional B787-9/10 Dreamliners, as well as 100 firm and 50 optional B737-8/10 MAX aircraft, supporting its plan to expand its fleet to over 800 aircraft by 2033.
With a solid financial position, expanding global partnerships, and a strong commitment to sustainability, Turkish Airlines continues to move confidently toward its Centennial Strategy — strengthening its position as one of the world’s leading carriers.