Turkish Airlines has reported a profit of $2.2 billion from its main operations in 2025, underlining the strength of its business model and sustainable growth strategy amid a challenging global operating environment.
In the fourth quarter of 2025, total revenues rose 12% year-on-year to $6.3 billion, while full-year revenues exceeded $24 billion. Profit from Main Operations for Q4 increased 23% compared with the previous year, reaching $534 million, contributing to the full-year total of $2.2 billion.
The airline also recorded an EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortisation and Rent) margin of 23.7%, surpassing the mid-point of its long-term target. Consolidated assets reached $46.6 billion, and total employment across Turkish Airlines and its subsidiaries exceeded 101,000 staff.
In line with strategic objectives, investments during the year totalled $6 billion, bringing the five-year cumulative investment value to approximately $20 billion. Despite geopolitical tensions, strong early performance in 2026 supports expectations for an EBITDAR margin of 22–24%, in line with the airline’s long-term target.
Maintaining its position as the European network carrier operating the highest number of flights, Turkish Airlines expanded its fleet by 5% year-on-year to 516 aircraft by the end of 2025. The airline welcomed its “second 500” period with 92.6 million passengers and 2.2 million tonnes of cargo, marking record operational results.
Total revenues grew 6.3% year-on-year to $24.1 billion, driven primarily by passenger operations. Passenger revenues increased 7.4%, supported by strong international and premium demand. Cargo revenue reached $3.4 billion, as a 16.6% rise in volume offset declining unit yields caused by global trade slowdowns and tariffs.
Commenting on the results, Turkish Airlines Chairman of the Board and Executive Committee, Prof. Ahmet Bolat, said “Despite an exceptionally challenging and unpredictable operating environment, the financial success we achieved in 2025 once again showed our ability to adapt to rapidly changing commercial and geopolitical conditions thanks to our diversified revenue structure. In line with our long-term value creation objectives, the investments we implemented and the commercial partnerships we established throughout 2025 served as milestones that further expanded our global reach and contributed to our Company’s continued progress toward its Centennial vision.”
EBITDAR, reflecting the airline’s operational cash generation, was recorded at $5.7 billion, with the margin exceeding the mid-point target of the year at 23.7%. Strong late-2025 performance continued into early 2026, supporting the projected 22–24% EBITDAR margin for the current year.
Concluding 2025 on a high note, Turkish Airlines continues to lead the industry with its extensive flight network, modern fleet, and high service standards. The airline plans to maintain its contribution to sustainable growth in the aviation sector in line with its Centennial Strategy and national development goals.
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