Turkish Airlines has posted record profit from its main operations of US$1.149 billion, in the first 9 months of 2018, despite increasing fuel prices.
Turkish Airlines, increased both passenger and cargo revenues, achieving a total revenue of approximately US$4 billion in the third quarter of the year. Sales revenue in the first nine months increased by 20% to US$ 9.9 billion, compared to the same period of 2017. Turkish Airlines posted a net profit of US$755 million.
In the first nine months of 2018, EBITDAR (earnings before interest, taxes, depreciation, amortization and rent), which is used as a cash generation indicator, increased by 16% to US$ 2.8 billion, with an EBITDAR margin of 28%.
