Turkish Airlines has posted its full year consolidated results for 2025, showing a record revenue of US$24.1 billion, 6.3% up from $22.7 billion in 2024.
This is the largest revenue ever posted by the Turkish group, which posted also an EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortization and Rent) of US$5.7 billion for the full year. By industry standards, this figure represents a fairly healthy EBITDAR margin of 23.7%, completely in line with the company’s own profitability goals.
This revenue increase was driven mostly by the passenger transportation business, which grew by 7.4% and offset a small decline in cargo revenue (from US$3.5 to US$3.4 billion). This cargo slowdown occurred despite the volume of cargo transported increasing by 16.6%, which reflects the lower yields of this activity last year.
Operational profit at Turkish Airlines’ mainline stood at US$2.2 billion, slightly less than the US$2.4 billion figure for 2024.
It should also be mentioned that, in addition to the mainline airline, the Turkish Airlines group has interests in a number of other businesses, including technical services, its fully owned subsidiary AJet and partly owned leisure carrier SunExpress, among others.
In this regard, both the consolidated operating profit and net profit at group level, while quite solid at US$3.65 and US2.9 billion respectively, showed some decline compared to the previous year, in which they stood at US$4.18 and US$3.42 billion, respectively.
The Turkish carrier continued to invest to the tune of US$6 billion, in order to continue building up its operations and global reach. In 2025, the carrier expanded its fleet by 5% to a total of 516 aircraft, with the net addition of 25 aircraft.
Turkish Airlines has also offered some guidance for 2026 based on the observations from the first two months of the year. The carrier expects continued growth during 2026, with EBITDAR margins remaining within the same ballpark of 22-24% of revenue.
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