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Turkish Airlines outperforms market

Milanese forwardersISTANBUL: October 12, 2017. Turkish Airlines reported a 25 percent year-on-year increase in air cargo carried to over 97,000 tons in September as traffic rose 44 percent in the Middle East and 31 percent in Europe.

For the first nine months of 2017 the airline uplifted over 810,000 tons across its network - an increase of 27 percent compared to the same period in 2016.

In Italy the airline has seen a 40 percent growth during the year according to CCO Turhan Ozen who took the opportunity to thank 120 Milanese forwarders (right) for their support recently. Ozen also announced the airline will be increasing freighter capacity and frequency to Italy next year via its fleet of 15 all-cargo aircraft.

Putting the results in context, IATA said the seasonally adjusted industry cargo load factor was 46 percent in August - compared to 40 percent in the first quarter of 2016 - and is now back to where it was three years ago.

Available freight tonne kilometers (AFTKs) grew by 4.7 percent year-on-year during the month – less than half the rise in demand as daily utilization rates of widebody freighters increased.

Meanwhile, as Turkish Airlines continues to outperform the market, IATA reported its members produced double-digit growth in freight volumes for the fifth time in six months in August, although indicators continue to suggest the cyclical upturn "may be nearing a peak".

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