ISTANBUL- Turkish Airlines (TK) is set to expand its fleet to 500 aircraft by September, reinforcing its position as a leading global carrier.
The airline’s long-term strategy includes further growth, with plans to reach 813 aircraft by 2033, marking its centennial anniversary.
Turkish Airlines Expands Fleet
Turkish Airlines (TK) is progressing towards its ambitious goal of operating 500 aircraft by September.
Currently, the airline has 492 aircraft, including both passenger and cargo planes. By 2033, this number is expected to rise to 813, coinciding with the airline’s 100th anniversary.
The fleet expansion has been consistent over the years. The airline had 100 aircraft in 2006, doubled to 200 by 2012, and reached 300 in 2016. In 2023, the fleet size grew to 400, continuing its rapid upward trajectory.
As of late 2024, Turkish Airlines operates flights to 352 destinations across 131 countries. This extensive network contributes to its revenue growth, which reached $22.7 billion in 2024, an 8% increase from the previous year and a 71% surge from 2019 levels.
Despite intensifying competition, passenger revenue increased by 4% in 2024, reaching $18.4 billion.
Additionally, cargo operations have played a vital role in the airline’s financial performance. Due to strong demand from Asia, Turkish Airlines transported 2 million tons of cargo, generating $3.5 billion in revenue—a 35% increase from 2023.
Debt Reduction
To enhance its revenue streams, Turkish Airlines introduced the “Turkish Airlines Holidays” platform, offering travelers a comprehensive booking service.
Financially, the airline has significantly reduced its debt. Since the end of 2020, liabilities have decreased from $14 billion to $5.7 billion—a reduction of $8.3 billion.
However, despite strong operational performance, Turkish Airlines posted a net income of $3.43 billion in 2024, reflecting a 43% decline from the previous year.
Future Outlook
Turkish Airlines remains committed to expanding its fleet and strengthening its global presence.
With a robust financial strategy and increasing demand, the airline is poised for continued growth in the coming years.
By 2033, its 813-aircraft target will further solidify its status as a dominant force in global aviation.
Stay tuned with us. Further, follow us on social media for the latest updates.
Join us on Telegram Group for the Latest Aviation Updates. Subsequently, follow us on Google News
