Turkish explains lower figures

: Latest News; Thursday, 11 April 2024

Turkish Airlines reports cargo revenues dropped 30 per cent last year on the back of lower air freight rates and a weaker air cargo market, while volumes fell by 1.2 per cent.

Overall, volumes for the year are estimated by the International Air Transport Association (IATA) to have fallen by around 3.7 per cent and yields were down by 30 per cent.

Turkish Cargo also has pointed out that its volumes were affected by the earthquake that hit the country in February - and that volumes improved as the year progressed.

In Q4, demand increased by 12 per cent and revenue decline slowed to three per cent in the fourth quarter.

Turkish explains lower figures

Latest News

Thursday, 11 April 2024

Turkish Airlines reports cargo revenues dropped 30 per cent last year on the back of lower air freight rates and a weaker air cargo market, while volumes fell by 1.2 per cent.

Overall, volumes for the year are estimated by the International Air Transport Association (IATA) to have fallen by around 3.7 per cent and yields were down by 30 per cent.

Turkish Cargo also has pointed out that its volumes were affected by the earthquake that hit the country in February - and that volumes improved as the year progressed.

In Q4, demand increased by 12 per cent and revenue decline slowed to three per cent in the fourth quarter.