Millions of USD, as reported · calendar-normalized quarters
Operating profit ÷ revenue, computed from reported figures
Revenue vs cost per available seat-km (USD cents) — the gap is unit profitability
| Period | Revenue | Op. profit | Load factor | ASK | Net result | Load factor |
|---|---|---|---|---|---|---|
| Q1 2026 | ||||||
| Q4 2025 | ||||||
| Q3 2025 | ||||||
| Q2 2025 |
Revenue rose 21% YoY to USD 5,917m on strong passenger and cargo demand
Returned to a USD 226m net profit from a USD 44m loss a year earlier, aided by USD 126m of deferred tax income
Forward bookings strengthened: flight liability for tickets sold up 31% to USD 3,644m
Cargo revenue jumped ~30% to USD 987m, with cargo-aircraft volumes up sharply
Fuel remained the largest cost item at USD 1,546m, up ~15% YoY
Group headcount reached 66,917 with personnel costs up ~23% to USD 1,658m
Under its 3-year buy-back program THY had repurchased 7.64m shares for USD 54m by 31 March 2026
Fuel unit cost rose 8% in Q4 despite lower Brent prices, driven by an elevated jet-fuel crack spread.
“Despite lower brent prices, high crack spread caused Fuel-CASK to increase by 8%.”
| Q1 2025 |
| Q4 2024 |
| Q3 2024 |
| Q2 2024 |
Turkish Airlines