A Turkish Airlines A330 preparing for its flight to Istanbul at Frankfurt Airport (Photo: AirlineGeeks | Mateen Kontoravdis)

Turkish Airlines Announces Record Nine Month Profit, Begins Operations from New Istanbul Airport

Turkish Airlines reported this week that in the first nine months of 2018 they have achieved a net profit of $755 million, a 300 percent increase¬†versus the same period of 2017. The airline has made significant gains in most of the metrics used to measure airline performance. Revenue rose by 20 percent to hit $9.9 billion resulting in a $1.15 billion operating profit for the January to September period. Load factor, though not a measure of profitability, increased by three…