Posted on 25 November 2017
In a statement released to the official news agency of Turkey, Turkish Airlines, the country’s national carrier has announced ambitious plans to transport 100 million passengers every year, be one of the top five cargo companies by 2023 and create 7000 jobs by 2018.
They are looking to the opening of Istanbul third airport to help them do this. Construction is still taking place but once complete, industry insiders say it will be the global hub of travel and business for many countries across the world.
New Destinations for Turkish Airlines
One of the critical points of their plans to increase capacity, passengers and profits overall is to add new destinations to their current flight schedules. Citing domination of the European market as not sustainable, they have set their sights on Africa, China and India.
Now flying to 51 destinations in Africa, they want to increase this to 55 by including Angola, Libya, and South Yemen. Recognising India and China are “closed markets,” talks are in place to gain necessary flight rights and permissions. The emergence into the Asian market will help consolidate Turkish airlines’ slogan as a global brand.
Other new destinations, they are looking at include Kyrgyzstan, Turkmenistan Freetown in Sierra Leone, Armenian, Kazakhstan, Jordon, Krasnodar in Russia and Azerbaijan. In October of 2017, Turkish Airlines launched its direct Ankara-Paris flights running every Tuesday and Saturday. This year, they also began new routes to Phuket, and Samura, making the total number of destinations they fly to 300 including domestic and international routes.
Turkish cargo also upped their game to fly to 72 destinations, increasing from the earlier years figure of 55. They also transported 294,000 tons of cargo, an increase of 29% that boosted their profits by 40% to 343 million for the third quarter.
Other Planned Projects for Turkish Airlines
An earlier announcement also announced Turkish airlines commitment to fight wildlife trafficking. Declaring zero tolerance, the airline signed the pledge along with 41 other carriers at the 73rd annual general meeting in Mexico of the International Air Transport Association.
Part of the commitment includes educating passengers about the damage caused by wildlife trafficking which focuses on rhino horn, elephant tusks, tortoiseshell and many other species.
Turkish Airlines also announced their new investment firm that would focus on airports, primarily within Turkey, although plans may go global in the future. The new investment firm is called THY Airport Real Estate Investment and Operation.
Expecting yearend figures of 69 million passengers in 2017, the airline has achieved tremendous results in an industry that has suffered over the last three years. For 2017, they posted record net profits of 956 million USD, an increase of 8% year on year.
Passengers figures rose 7.5 year-on-year for stats related from January to October. Reasons they cited for their success include a responding rapidly to the laptop bans, and current travel events negatively affecting the market. They also said they have a huge commitment to quality. Their commitment to generate cash makes them one of the most profitable airlines in the world.