Turkish Airlines reported a 47 percent increase in cargo revenue to $4 billion compared to $2.7 billion in 2020 on cargo operations continuing at full capacity with freighters and about 15 wide body passenger aircraft being utilised for cargo operations. While cargo revenue carried by passenger aircraft more than doubled (161 percent) to $1.2 billion, revenue from cargo aircraft operations was up 25 percent to $2.8 billion.
Turkish carried 1.87 million tonnes cargo in 2021, an increase of 22% from 2019 (comparison made with 2019 to account for Covid restrictions of flights in 2020). Domestic cargo carried dropped 21 percent to 55,427 tonnes, international cargo increased 24 percent to 1.8 million tonnes. "According to data revealed by The International Air Transport Association (IATA), Turkish Cargo ranked in fifth place among global air cargo carriers excluding integrated cargo carriers in 2021 in terms of carried cargo tonnage. Turkish Airlines takes firm steps forward to be one of the largest air cargo carriers in the world by increasing its market share in the global air cargo market," says the management in its board activity report released with the annual results.
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Turkish Cargo revenue increased 45 percent to $2.7 billion for the first nine months of 2021 compared to $1.9 billion in the comparable period of 2020 on more cargo carried and higher freight rates.For the three months ended September 30, 2021, cargo revenue increased 45 percent to $969 million from $668 million.
While revenue from cargo carried in passenger aircraft more than doubled to $307 million, income from cargo carried in freighters increased 19 percent to $662 million.âCargo operations continue at full capacity with freighters, and about 15 wide body passenger aircraft are being utilised for cargo operations,â an official statement said.Â
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Fixed Mobile Convergence MarketThe global fixed-mobile convergence (FMC) market is expected to expand at ~14.1% CAGR with USD 6,208.7 million in value by 2025 during the forecast period.Fixed-mobile convergence removes the difference between fixed and mobile networks to provide a seamless experience to consumers across connected devices at home or on the move.
FMC can help telecommunication operators to improve their revenue growth, reduce churn rate, and increase subscriber base.
There has been significant growth in the adoption of FMC services over the past two years.
The growth is due to the consolidation of telecommunication players and various industry challenges such as changing consumer behavior, for instance, the extensive use of video services and social networking services, the accessibility to a number of services and applications via the Internet, and industry consolidation.
The telecom operators and standards groups are taking efforts to develop a common 5G converged core network where services can be delivered over any access network, whether fixed-line, Wi-Fi, Bluetooth, or 3GPP-based access, such as like 4G LTE, or 5G New Radio.
The emergence of 5G is a driving factor for fixed-only telecom operators, as well as MVNO (mobile virtual network operator), to enter the mobile market via their own network.Competitive AnalysisThe major players in the global fixed-mobile convergence market are Ericsson (Sweden), Cisco Systems, Inc.(US), Fujitsu (Japan), Huawei Technologies Co., Ltd (China) Vodafone Group PLC (UK), Orange SA (France), The Proximus Group (Belgium), Turk Telekom (Turkey), Turkcell (Turkey), Ooredoo QSC (Qatar), Nokia (Finland), Deutsche Telekom AG(Germany), Samsung Group (South Korean), and ZTE Corporation (China).Segmental AnalysisBy convergence typeâââthe market is segmented into device convergence, network convergence, and application convergence.By modeâââthe market is divided into single-mode and dual-mode.By componentâââservice and infrastructure.By end-userâââhome users and enterprises.Regional AnalysisGeographic analysis of the fixed-mobile convergence (FMC) systems market has been conducted for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.Europe was the largest FMC market in 2017.