Turkish Airlines revenue hits $24bn with passenger growth

• Net profit down 15 percent
• 93 million passengers flown in 2025
• Refunds offered for Gulf flights

Turkish Airlines said it grew its revenues in 2025, helped by increased passenger count and lower fuel costs, but net profit declined. 

Full-year revenue was up 6.3 percent to $24.1 billion, compared to $22.7 billion in 2024, the airline said in its latest financial statement published on Thursday. 

However, net profit was down 15 percent year-on-year to $2.9 billion and profit from main operations fell 7.9 percent to $2.2 billion, according to the statement. The airline did not give a reason for the drop. 

Passenger revenue jumped 7 percent year on year, driven by demand in the international and premium segments, and cargo revenue fell 3 percent. The airline said it flew 93 million passengers over the 12-month period, up 9 percent annually.

Fuel expenses declined 1.4 percent to $6 billion in 2025. More than 80 percent of the airline’s capex was related to aircraft, it said. 

In the fourth quarter only, revenue rose 12 percent year on year to $6.3 billion, while net income increased 24 percent annually to $2 billion.

As of December, Turkish Airlines flew to 134 countries across 376 destinations with 27 freighters and 489 passenger aircraft, according to the statement. It had 516 aircraft, 40 percent of which are new-generation aircraft, split 59:41 between Airbus and Boeing planemakers. The airline owns 33 percent of its fleet. 

In a post on X this week, Turkish Airlines offered full and partial refunds to passengers scheduled to fly to Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia (Dammam and Riyadh), Syria and the UAE between February 28 and March 31 due to the war between Israel-US and Iran.

Further reading:

• Oman and Saudi Arabia emerge as evacuation hubs in Iran war
• Millions of Middle East airline seats cancelled since start of war
• Gulf private jet operators report doubling of prices