The aviation industry has always bounced back and continued to grow despite being affected by global crises
RPK (trillion)
25
2023-2033
WORLD
CAGR 5.8%
20
TURKISH AIRLINES
2004-2019
CAGR 7.7%
1989-2004
15
WORLD
WORLD
CAGR 5.7%
CAGR 4.0%
TURKISH AIRLINES
TURKISH AIRLINES
Covid-19
10
CAGR 15.1%
CAGR 9.1%
Financial Crisis
9/11
SARS
Asian Crisis
Gulf Crisis
0
1989
2004
2008
2019
2033
The aviation industry, known for its vulnerability to economic and social developments, has experienced numerous crises throughout its history. Despite being sensitive to various challenges, the aviation sector has consistently demonstrated resilience by recovering from adverse impacts of varying severity in the short and medium term, moving forward with even greater strength over the long term. A notable indication of the industry’s growth is the continuous doubling of passenger traffic every 15 years.
Turkish Airlines has boosted its market share day by day with growth rates above the sector average in similar periods. Between 1989 and 2004, while the world’s passenger traffic increased 1.8 times, Turkish Airlines experienced remarkable growth of 3.7 times. Similarly, between 2004 and 2019, as the world’s passenger traffic grew by 2.3 times, Turkish Airlines achieved an impressive increase of 8.2 times.
FROM BOUTIQUE AIRLINE TO THE TOP IN 20 YEARS
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