Turkey’s Rising Star

It’s Turkey time. Not the bird, the country. Turkish Airlines and its low-cost rival Pegasus are giving thanks for an astounding set of summertime financial and operational achievements, earning monstrously large profit margins while growing capacity by double digits from their 2019 levels. In terms of passenger capacity, Turkish was 16 percent larger than it was pre-pandemic in the September quarter, and Pegasus grew by 17 percent. With Istanbul as a powerful hub, and Antalya one of the world’s busiest beach markets, Turkey is emerging as a superstar in the realm of aviation.