Turkish Airlines soars to post robust 2024 financial performance

On March 4, 2025, Turkish Airlines announced its 2024 full year financial results, which show a US$2.4b net profit. Part of these funds will go straight to shareholders, since the airline, which has been buying back its own stock, will pay $260m in dividends. The Turkish flag carrier achieved this positive result on a total revenue of US$22.7b, up 8.2% over the previous year, for a 10.5% net profit margin. Taking into account Earnings Before Interest, Tax, Depreciation, Amortization (EBITDA) and rent, Turkish Airlines’ profit margin climbs to a whopping 25.3%. Although passenger revenue increased by a mere 4%, the airline’s cargo business saw revenue surge by 35% year on year. Turkish Cargo, the airline’s freight division, operates a fleet of 24 dedicated freighters and has seen its business increase by 20% in 2024, already making it one of the world’s three top air cargo operators. In 2024, Turkish Airlines also consolidated its absolute global lead when it comes to the number of international destinations, 352, and countries served, 131. 2024 saw the addition of several iconic far-flung destinations, such as Santiago de Chile (SCL) and Sydney (SYD) and Melbourne (MEL), in Australia. <br/>