Turkish Cargo revenue down in first half 2015

Turkish Airlines as a group has reported strong second-quarter and first-half figures for 2015 but the picture was less rosy for the carrier’s cargo division which saw revenue fall in both periods ending 30 June.


Turkish Airlines as a group has reported strong second-quarter and first-half figures for 2015 but the picture was less rosy for the carrier’s cargo division which saw revenue fall in both periods ending 30 June.

Overall the carrier reported a quarterly net profit of US$253 million, outperforming Q2 of 2014, which had a net profit of $190 million while the first half of 2015 saw net profits jump to $406 million, compared to $88 million in the same period of 2014.

But cargo revenue did not fair as well with revenue from belly cargo in the first half totaled $273 million – a rise of $3 million, year-on-year – while Q2 belly revenue fell by $1 million to $142 million, y-o-y. On the freighter side, first half revenue dipped from $210 million to $192 million, y-o-y and Q2 revenue declined from $106 million in 2014 to $99 million this year.