Turkish Airlines has reported that its 2024 cargo revenue grew by around 35% year on year as it continued to invest in specialist product handling and fleet expansion.
Total cargo revenue was $3.5bn, up from $2.6bn the previous year. Plus, annual cargo volumes were up more than 20%.
«Strengthening Türkiye’s position as a global transfer hub through its strategic initiatives and state-of-the-art infrastructure, Turkish Cargo increased its annual cargo volume by over 20%, becoming the world’s third-largest air cargo carrier according to data published by the International Air Transport Association (IATA),» said Turkish in a press release.
Overall, Turkish Airlines’ total revenues in 2024 increased by 8.2% year on year to $22.7bn.
At the beginning of last year, Turkish Cargo expanded its pharma offering with three new standards, TK Pharma Standard, TK Pharma Extra and TK Pharma Advanced, each offering various levels of service.
The airline also invested in its fleet last year, announcing in July an order for four 777Fs to add to its existing fleet of eight of the aircraft.
This is in addition to an order in 2023 for five Airbus A350F freighters, with the right to order 20 more.
And in August, Turkish Cargo received IATA’s Smart Facility Operational Capacity Certification for its SMARTIST facility at Istanbul Airport…
