Profits up 80% for Turkish Airlines

With soaring fuel costs forcing airlines to hike prices, cull routes and ground planes, one airline is at least bucking the trend. Turkey’s national carrier, Turkish Airlines, has released its annual figures which show net profit is up a staggering 80%.Other key highlights include passenger numbers up 16%, revenue up 30% to US$3,670bn and profit before tax up 135% to US$311m.

Turkish Airlines operates a network of scheduled services to 123 international and 32 domestic cities, serving a total of 155 airports, in Europe, Asia, Africa, and the United States.