Turkish Airlines Aviation Stats (August 2024)

Turkish Airlines posted its passenger and cargo statistics for August. Notably, with the weakness in domestic passenger traffic in August and international passenger traffic being in line with the previous year, the first two months of 3Q24 (July & August) were 3% below the same period in 2023. Despite the strong growth in cargo operations, due to the high base effect in August 2023, we observed that this month's growth was slightly weaker compared to previous months of 2024, registering a 16% increase. Given the weakness in passenger traffic and the slowdown in the growth rate of air cargo, we assess Turkish Airlines' passenger traffic data as “slightly negative”.