Turkish Airlines reports $8.3 billion in Q3 revenues despite rising fuel costs

Turkish Airlines reported total revenues of $8.3 billion in the third quarter of 2026, a 19.3% increase year-on-year, alongside an operating profit of $929 million. The airline carried 28.5 million passengers during the quarter, while cargo revenues surged 45.6% to over $1.2 billion. However, the carrier faced mounting cost pressures, as jet fuel prices increased 118% since the beginning of the year.

Strong demand across Asia, Europe, and Türkiye allowed Turkish Airlines to maintain its status as Europe's leading network airline. Despite this revenue growth, higher operating expenses, particularly fuel costs, weighed on profitability, leading the airline to revise its 2026 passenger capacity growth target downwards.