Turkish Airlines flying high with US$2.4 billion profit for 2024
Turkish Airlines has reported a US$2.4 billion profit for 2024 in a challenging aviation industry hit by geopolitical and global tensions, aircraft production delays and engine issues. The carrier also revealed a cash dividend of $260 million for the same period, partly owing to its share buyback strategy. Net debt fell by $8.3 billion in the past three years, reflecting the airline’s strong performance. This follows Turkish Airlines’ impressive growth during the past 20 years, with the airline outperforming sector averages in capacity, passenger numbers and profitability.
Turkish Airlines has reported a US$2.4 billion profit for 2024 in a challenging aviation industry hit by geopolitical and global tensions, aircraft production delays and engine issues. The carrier also revealed a cash dividend of $260 million for the same period, partly owing to its share buyback strategy.
Net debt fell by $8.3 billion in the past three years, reflecting the airline’s strong performance. This follows Turkish Airlines’ impressive growth during the past 20 years, with the airline outperforming sector averages in capacity, passenger numbers and profitability.
