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Turkish: Yields are dropping
July 1st 2016
Istanbul-based Turkish Airlines is feeling the pinch from decreasing yields, Temel Kotil, the carrier’s CEO, told ATW. Read More »
“Our transfer ratio [at Ataturk Airport] improved from 50% to 60%. This 10% increase means [we become] a more global player,” Kotil said. “Right now we need to fix transfer passenger income. We have to improve yield.”
Turkish is expecting to report a full-year profit, although Kotil did not specify a range. The Star Alliance carrier last year reported a record net profit of $1.69 billion.
The flag carrier plans to take delivery of 37 aircraft this year, including three second-hand B777s from an undisclosed source. It currently serves 290 destinations, which it claims is “more than any other airline”. On Monday, it inaugurated a new five-weekly Istanbul-Hanoi service.
