05Nov, 24 Turkish Airlines’ profit slips in third quarter despite cargo strength | News
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Turkish Airlines’ profits slipped amid higher costs in the third quarter, a period in which strong cargo growth helped offset flat passenger revenue.
The Star Alliance carrier boosted revenue 5% year on year to $6.63 billion in the three months ending 30 September 2024.
Notably, while passenger revenue was virtually flat at $5.55 billion versus the same quarter last year, cargo sales jumped 47% year on year to $911 million. The latter growth was driven by strong demand from the Far East.
Operating …