Ankara, March 5 -- Turkish Airlines has announced a profit of $2.4 billion for 2024, despite facing challenges in the aviation industry, including geopolitical tensions, global disruptions, aircraft production delays, and engine-related issues. The airline also disclosed a cash dividend of $260 million for the year, partly attributed to its share buyback program.

Net debt fell by $8.3 billion in the past three years, reflecting the airline's strong performance. This follows Turkish Airlines' impressive growth during the past 20 years, with the airline outperforming sector averages in capacity, passenger numbers and profitability.

Turkish Airlines' total revenues in 2024 increased by 8.2pc year-on-year to $22.7 billion. Passenger revenue...