Turkish Airlines announces record third quarter 2025 profits of $1.1bn  

Announcing its financial results for the third quarter of 2025, Turkish Airlines said it has continued its uninterrupted growth “during a period marked by extraordinary developments around the world.” The airline announced record profits of $1.1billion for the period, as all major metrics continued on an upward trajectory.

Despite the uncertainties brought by trade disruptions, geopolitical tensions, and the ongoing challenges with Pratt & Whitney and Rolls-Royce aircraft engines, the airline carried 27.2 million passengers during the quarter, marking the highest third-quarter figure in its history. Sustaining growth for 18 consecutive quarters, Turkish Airlines increased its passenger capacity by 8.2% overall, compared to the same period in 2024, pushing it a staggering 43% above pre-pandemic levels.

During the July to September 2025 period, Turkish Airlines’ total revenues rose by 4.9% year-over-year to approximately $7 billion, thanks said the carrier to “strong contributions from passenger operations.” Passenger revenues climbed by 6.1% with favorable demand in response to higher capacity. Despite the growth in total revenues, the softening in yields and ongoing cost pressures in the third quarter led to a 21.3% year-on-year decrease in profit from mainline operations to a record $1.1 billion.

Markus Mainka / ShutterstockCommenting on the 2025 third quarter results, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat, stated, “The profit we achieved in the third quarter of 2025 once again underscored Turkish Airlines’ adaptability under a wide range of operational conditions through its diversified revenue structure.”

“As Turkey’s most valuable brand on the international stage and a global leader in the worldwide aviation sector, we will continue to grow and invest in line with our 2033 strategy. Our focus goes beyond profitability – we are committed to achieving long-term and sustainable success.”

In the third quarter of 2025 (3Q25), earnings before interest, tax, depreciation, amortization, and rent (EBITDAR), which indicate a company’s operational cash generation capacity, were recorded at $2.1 billion with a margin of 29.6%. Reflecting the strong forward bookings, the carrier said that the full-year 2025 EBITDAR margin is expected to remain within the company’s long-term target range of 22% to 24%.

During 3Q25, Turkish Airlines continued its efforts to expand its commercial partnerships without interruption. In addition to several new codeshare agreements signed with various airlines around the world, the airline reached an agreement with one of Spain’s leading airlines, Air Europa, for the acquisition of a minority stake.

Martin Leber / ShutterstockThrough this agreement, Turkish Airlines said it will aim to strengthen its global connectivity while enhancing passenger and cargo network between Turkey and Spain, increasing the number of tourists visiting Turkey, and contributing further to the country’s economy by opening new tourism markets in Latin America.

Aiming to expand its fleet to over 800 aircraft by 2033, the national flag carrier of Turkey increased its number of aircraft by 8.4% year-on-year as of September 2025. The current aircraft fleet total stands at 506. This is despite the ongoing supply chain bottlenecks in aircraft production. During the period, Turkish Airlines also concluded negotiations with Boeing for 50 firm and 25 option orders of B787-9/10 Dreamliner widebodied aircraft, along with 100 firm and 50 option orders of B737-8/10 MAX narrowbodied aircraft.

According to ch-aviation, Turkish Airlines currently operates on 397 routes serving 293 destinations across 125 countries.  

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