Preheat the oven to 325°F. Lightly spray a rimmed baking sheet with cooking spray.
In a medium skillet, heat 2 tablespoons of olive oil over medium heat. Add the onion and ½ teaspoon of salt. Cook, stirring occasionally, until the onions are very tender and lightly browned around edges, 6 to 8 minutes. Stir in the garlic and cook for 2 more minutes. Remove from the heat and transfer to a plate to cool to room temperature.
In a large bowl, stir together the panko and milk. Let the mixture stand for 5 minutes. (This allows the panko to absorb the milk for a juicy meatloaf.)
Stir the eggs, the remaining 2 tablespoons of olive oil, 1 tablespoon of Worcestershire sauce, pepper, and 1 teaspoon of salt into the panko mixture. Add the cooled onion mixture and the turkey. Using your hands, gently mix together until all of the ingredients are just combined, being careful not to squeeze the turkey with your hands. Turn the mixture out onto the prepared baking sheet and shape it into a 9x4-inch loaf.
In a small bowl, whisk together ketchup and the remaining 1 tablespoon Worcestershire sauce. Reserve 1 cup, cover, and set aside.
Brush the meatloaf with half the remaining ketchup mixture and place in the oven.
Bake for 30 minutes. Brush again with the remaining ketchup mixture and return to the oven for 30 to 40 minutes, until a meat thermometer inserted into the center of the loaf registers 165°. Remove from the oven and allow the meatloaf to rest for 15 minutes. Serve warm with the reserved ketchup mixture.
Notes
You can make the sauce and shape the meatloaf up to 24 hours in advance. Cover and store the sauce and the meatloaf separately in the refrigerator. Brush with the sauce just before cooking. Add a few minutes to the cook time, as the meatloaf mixture will be cold and may need more time to come to the proper internal temperature.
To correctly measure the internal temperature of the meatloaf, insert the instant-read thermometer into the center of the meatloaf and wait for it to stop climbing in temperature, 5 to 10 seconds. If you only have a regular meat thermometer, leave it in the center of the meatloaf for 30 seconds to ensure it reads accurately.