News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, October 24, 2017 ) Albany, New York, October 23, 2017: To Understand the transport & logistics industry Status worldwide, Market Research Hub (MRH) has included the latest Forecast report titled “Turkish Airlines Market Research reports 2017” to its vast database. This study offers data about the prime regions operating in the transport & logistics industry sector, along with their production, consumption, revenue and market share details. Further, the intelligent report also anticipates that the market would grow at a constructive CAGR until 2022.
Turkish Airlines - Strong growth hits a wall as security and political events take a toll, but opportunities still remain
Summary
Turkish Airlines has in recent years expanded its operations dramatically, emerging from a local airline to a major global player. This growth has been propelled by the strategic location of its Istanbul hub. With Turkey currently constructing a six runway new airport at Istanbul, potential for growth is strong. However political and security concerns still linger and can adversely affect the company, as happened in 2016 when a string of terrorist attacks and an attempted political coup drove the airline into contraction.
Key Highlights
- Turkish Airlines is one of the success stories of the airlines industry over the past decade, with the company more than doubling the number of destinations it travels to within the span of ten years whilst also increasing its revenue significantly. - However, despite its growth and the potential for more, Turkish Airlines suffered a real shock in 2016 when its revenues fell and the number of tourists travelling to the country also declined significantly. - Potential for further growth is very real, especially as the new Istanbul airport will allow Turkish Airlines to further expand its operations. The Americas particularly is an area with low penetration at the moment. The weakening of the Lira coupled with an increase in the global tourism industry will also serve to attract tourists to Turkey again.
Scope
- Explains the reasons fur Turkish Airlines growing so strongly over the past decade. - Explores how the company can continue expanding in the coming years. - Analyzes why Turkish Airlines did not grow in 2016 specifically. - Examines further growth possibilities for the airline company as well as the increasing challenges it will face from competitors.
Reasons to buy
- Why has Turkish Airlines grown so strongly in recent years? - Why did its revenues decline in 2016 specifically? - What potential for further growth exists for the company? - Which companies serve as the main competitors to Turkish Airlines?
Table of Contents Overview 2 Catalyst 2 Summary 2 Turkish Airlines has witnessed strong growth over past decade 6 Turkish Airlines destinations double within a decade 6 Turkish Airlines brand image also boosted by expansion in operations 8 Potential for further growth remains strong as new Istanbul airport under construction 9 Worlds largest airport currently under construction in Istanbul 9 Growth in international tourism along with popularity of medical tourism provides further opportunities for growth 10 Weakening Lira attracts more tourists to the country 11 Turkish Airlines is still a marginal player in the Americas 12 Political instability and volatile security situation strongly threaten growth of Turkish Airlines 13 Attempted coup and shooting down of Russian plane had huge negative consequences for Turkish Airlines in 2016 13 Terrorist attacks including one at Ataturk Airport deter many tourists from flying to Turkey 14 General difficulties within airlines industry also taking a toll on Turkish Airlines 16 Competition from low-cost airlines like Pegasus and Onur Air has intensified in recent years 16 Emergence of other possible stopover hubs like Helsinki and Astana also weakens Istanbuls attraction 17 Conclusions 18 Turkish Airlines will return to growth but competition from rivals is likely to be more intense 18 Sources 19 Further Reading 20 Ask the analyst 21 About MarketLine 21 Disclaimer 21
List of Tables Table 1: Turkish Airlines revenue, $ million, 2012-2016 7 Table 2: $ to TRY, 2012-2016 11 Table 3: Pegasus Airlines domestic market share (%), 2012-2016 16
List of Figures Figure 1: Number of destinations Turkish Airlines travels to, 2006-2016 6 Figure 2: Turkish Airlines domestic vs international revenue stream, 2006-2016 7 Figure 3: High profile sports stars like Lionel Messi and Kobe Bryant have advertized for Turkish Airlines 8 Figure 4: Number of passengers in millions, 2006-2016 9 Figure 5: Range of wide and narrow body planes from Istanbul 10 Figure 6: Number of visitors to Turkey from selected nations, 2006-2016 13 Figure 7: Net income of Turkish Airlines, $ millions, 2012-2016 14
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of transport & logistics industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
