National flag carrier’s revenue from cargo operations more than double last year compared to 2019
Turkish Airlines posted a net profit of $959 million in 2021, a 21.7% rise from 2019, before the onset of the coronavirus pandemic, the national flag carrier said on Tuesday.
The revenue reaped hit $10.7 billion last year, down 19.2% from 2019, Turkish Airlines said in a statement sent to Turkiye’s Public Disclosure Platform (KAP).
The company’s revenue from cargo operations more than doubled during the same period, which amounted to over $4 billion in 2021 versus $1.7 billion in 2019.
Turkish Airlines saw a $1.27 billion net operating profit last year, while profit from main operations exceeded the 2019 level to reach $1.4 billion.
The airline’s earnings before interest, taxes, depreciation,amortization, and rent jumped 10% from pre-pandemic period to $3.7 billion in 2021.