Turkish Airlines marks strong 2022 with $2.7bn net profit

Turkish Airlines marked a strong 2022 reporting a net profit of $2.7bn attributing the success to “its operational agility, wide flight network and highly skilled workforce it maintained during the coronavirus pandemic,” the airline said in a statement. The company reaped a record-high revenue of $18.4 billion last year, exceeding its 2019 pre-virus level by 39%. Turkish Airlines carried around 72 million passengers with an 85.8% domestic and 80.1% international load factor in 2022 and just at 3% below pre-pandemic levels. Going ahead, the airline maintained its effective cost management strategy by lowering its unit expenses excluding fuel by 2% compared