Turkish Airlines (THY) reported a 20.5% year-over-year increase in revenue for the second quarter of 2026, reaching $7.2 billion. However, net profit fell 71.5% to $197 million, as higher fuel costs weighed on the carrier’s operating performance.
Passenger revenue rose 14.9% to $5.7 billion, while cargo revenue jumped 58% to $1.27 billion. The airline attributed the strong cargo performance to capacity constraints in the global air cargo market resulting from ongoing geopolitical developments.
According to the company, soaring fuel prices were the main driver behind the decline in operating profitability. Turkish Airlines added that income from its investment portfolio partially offset the impact, helping support net earnings.
Key highlights from the second quarter:
- Revenue increased 20.5% to $7.2 billion.
- Net profit declined 71.5% to $197 million.
- Cargo revenue surged 58% to $1.27 billion.
- Fuel expenses climbed 93% year over year.
- The airline carried 23.2 million passengers.
- Load factor improved to 84%.
- Turkish Airlines retained its position as the world’s largest airline by number of international destinations served.
The results underscore continued demand for passenger and cargo services, while highlighting the significant impact of rising fuel costs on the airline’s profitability.
