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Turkish Airlines and Thai Airways have signed a joint business agreement to share revenues on the Istanbul-Bangkok route, aiming to boost passenger traffic and maximize earnings on one of Türkiye's key Asian connections.
The three-year partnership, announced Monday through Türkiye's Public Disclosure Platform, will see both carriers jointly manage capacity and revenues on flights between the two cities. The agreement includes an option to extend for an additional two years.
"The aim is to maximize passenger numbers and revenue by using the capacity of both airlines together on the relevant route," Turkish Airlines stated in its disclosure.
The revenue-sharing model represents a strategic expansion for Turkish Airlines as it strengthens its position in Asian markets. The arrangement is expected to take effect during the 2025/2026 winter flight schedule, pending required regulatory approvals.
Under joint business agreements, airlines typically coordinate pricing, schedules and capacity while sharing costs and revenues across specified routes. Such partnerships allow carriers to offer more competitive services while reducing operational risks on international routes.
The Istanbul-Bangkok corridor serves as a crucial link between Europe and Southeast Asia, with Istanbul's position as a major transit hub making it a key gateway for passengers traveling between the regions. Thai Airways, Thailand's flag carrier, has historically maintained strong connections to European destinations through various partnership arrangements.
The agreement comes as both airlines work to rebuild their international networks following pandemic-related disruptions to global travel. Revenue-sharing partnerships have become increasingly common in the aviation industry as carriers seek to optimize route profitability while expanding their geographic reach.
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