2012-11-20 08:06:37 - Turkish Airlines Company Analysis - a new company profile report on companiesandmarkets.com

While the high cost of fuel has cut into Turkish Airlines´ profits in 2011, the carrier´s ticket sales are up significantly from 2010. Large-scale investments mean the airline has one of the world´s youngest fleets, and it doubled its passenger traffic in recent years as it expanded to serve 175 destinations, the large majority of them international.

Turkish Airlines is likely to continue to increase its share in the global aviation market. Among the airline´s key strengths are the geographic advantage of Istanbul as a hub for flights to Europe and Asia, a growing reputation for high-quality service, the investment in new aircraft, strong support from the government, and the increasing global visibility of the Turkish Airlines brand.

Amid a difficult environment

 

 

for commercial air flight due to high oil prices, the carrier´s aggressive growth gives it additional revenue opportunities, and its young fleet gives it better fuel economy and a relatively low fuel cost per passenger. Turkish Airlines is likely to weather the financial storm better than many large carriers in the coming years.

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