Flagship carrier of Türkiye, Turkish Airlines, revealed its full year financial results. Company revealed a cash dividend of 260 million dollar for the same period, partly owing to its share buyback strategy.
Net debt fell by $8.3 billion in the past three years
Total revenues in 2024 increased by 8.2% year-on-year to 22.7 billion dollar while passenger revenue rose by 4%.
Prof. Ahmet Bolat, Turkish Airlines Chairman, said: “Turkish Airlines continues to set industry benchmarks with its strong financial performance and strategic growth as showcased by our 2024 results.”
“Despite global challenges, we remain committed to delivering service and expanding our global network. As we move forward towards our 100th anniversary, we take pride in strengthening Türkiye’s position as a key player in global aviation.”
2024 marked a year of milestones for Turkish Airlines
The carrier officially received the Guinness World Record title for ‘Most Countries Flown to by an Airline.’
It expanded into a new continent with the addition of Melbourne and Sydney routes to its network,
Turkish Airlines also launched flights to Santiago, Chile, increasing its served countries to 131 and total international destinations to 299.
During 2024 the fleet increased by 12% to 492 aircraft
Also last year, the airline secured $1.8 billion in aircraft financing and became the first carrier to agree a finance deal in Chinese Yuan.
