Turkish Airlines (THY) Chairman of the Board and Executive Committee Prof. Dr. Murat Şeker said, "With the support of our revenue performance and the efficiency projects we implemented, we recorded an operating profit of 929 million dollars in the third quarter."
In his statement on his social media account, Şeker evaluated the company's third quarter 2026 data announced today.
Stating that they announced the financial results of the third quarter of 2026 today, Şeker said, "The third quarter, which started with optimistic expectations after the peace agreement, turned into a period in which sector-wide pressures continued with the re-ignition of the war. We maintained our focus on operational efficiency and financial discipline in this challenging operating environment."
Şeker continued as follows:
"In this period when we dynamically managed our passenger capacity in parallel with changing demand conditions, our passenger revenues increased by 15 percent and our total revenue reached 8.3 billion dollars. With the support of our revenue performance and the efficiency projects we implemented, we recorded an operating profit of 929 million dollars in the third quarter. On the other hand, as a result of the significant increase in costs, especially jet fuel, outpacing the increase in revenues, our EBITDA margin decreased by 4.2 points on an annual basis and reached 25.4 percent."
Referring to THY's new aircraft purchase, Şeker said, "As part of our selective investment strategy, we finalized our order with Boeing for a total of 150 aircraft, 100 of which are firm and 50 of which are options. Our total investment amount reached 4.6 billion dollars in the first nine months of the year."
Şeker noted that the company is focusing on cautious growth next year and made the following assessment:
"As we approach 2027, the positive trend in our forward reservations continues. However, the challenging operating environment requires us to maintain our cautious stance. We will continue our investments with our disciplined capital allocation and efficiency focus, realize our strategic priorities and move determinedly towards our 2033 goals."
THY REDUCED THE SALARY OF ITS EMPLOYEES
Within the scope of the program called Target 12, THY decided to cut the salaries of its employees by 10 to 20 percent. 39 thousand employees accepted THY's conditions in order to avoid being unemployed.
THY gave 20 billion TL to the Liverpool football team for 5 years within the scope of sponsorship.
ÖZEL'S CLAIM HAS BEEN RELEASED
After the alleged meeting between Trump's son and Erdoğan last year, Özgür Özel claimed that Erdoğan promised to buy 300 Boeing planes in order to get an appointment with Trump.
In this speech, Özel claimed, "There may be something we want from Trump. Israel should stop its massacres in Palestine. 'Don't allow this, don't allow this.' He stated that Erdogan wanted to go on live broadcast with Trump during his meeting with Trump's son. Özel said, 'If you arrange a live broadcast with Trump, I promise to buy 300 Boeing planes...'" Özel claimed.
ERDOĞAN SAID, 'THE DEAF CANNOT HEAR, THEY MAKE IT UP'
AKP's President Erdoğan, on the other hand, criticized Özgür Özel's Donald Trump Jr. He responded to the allegations of meeting with Boeing and purchasing Boeing aircraft, and said, "He who is deaf makes things up as soon as he hears them, and this man keeps making things up like this all the time."
