• Flag carrier demonstrated the strength of its business model and sustainable growth strategy in a challenging operating environment.
  • In the fourth quarter of 2025, Total Revenues increased by 12% year over year, reaching 6.3 billion USD, while Total Revenues for the full year exceeded 24 billion USD.
  • The fourth quarter Profit from Main Operations increased by 23% compared to the previous year, reaching 534 million USD, bringing the 2025 Profit from Main Operations to 2.2 billion USD.
  • In 2025, the EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortization and Rent) margin exceeded the mid-point of the long-term target, reaching 23.7 %.
  • Consolidated assets amounted to 46.6 billion USD, while total employment, including subsidiaries, exceeded 101 thousand.
  • In line with the Company’s strategic objectives, the value of investments made during the year reached 6 billion USD. Accordingly, over the last five years, the total value of investments was recorded at c. 20 billion USD.
  • Despite geopolitical developments, strong performance in January and February support expectations that the 2026 EBITDAR margin will be in the 22-24% range within the Company’s long-term target.

Maintaining its position as the network carrier operating the highest number of flights in Europe, Turkish Airlines sustained its steady growth throughout 2025 despite geopolitical tensions and economic uncertainties caused by trade wars, as well as aircraft delivery and engine supply issues in the aviation industry.  Despite production bottlenecks, our Company expanded its fleet by 5% year over year to 516 aircraft by the end of 2025 and welcomed the “second 500” period with 92.6 million passengers and 2.2 million tons of cargo, recording the highest operational results in its history.

In 2025, our Company’s total revenues increased by 6.3% year over year to 24.1 billion USD supported by the strong contribution from the passenger operations.  Passenger revenues increased by 7.4%, driven by favorable demand in international and premium segments. The decline in cargo unit yields stemming from the slowdown in global trade volumes and the adverse effects of tariffs was offset by a 16.6% increase in cargo volume, resulting in 3.4 billion USD of cargo revenue.  Under ongoing inflation driven cost pressures and engine issues, our Company’s 2025 Profit from Main Operations was recorded at 2.2 billion USD.

Commenting on 2025 third quarter results, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat stated: “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.”

In 2025, EBITDAR, indicating the Company’s operational cash generation capacity, was recorded at 5.7 billion USD, while the EBITDAR margin exceeded the mid-point target set at the beginning of the year, reaching 23.7%. As the strong performance in late 2025 continued in the early months of 2026, the 2026 EBITDAR margin is projected to be in the 22–24% range, in line with the Company’s long-term target.

Concluding 2025 with successful results, Turkish Airlines continues to lead the industry with its unparalleled flight network, modern fleet, superior service and strong performance. In the coming years, our contribution to the sustainable growth of the aviation sector will continue to increase in line with our Centennial Strategy and our country’s development objectives.