Turkish Airlines posts $79.52m H1 net profit
Istanbul, August 20, 2014
Turkish Airlines’ recorded a net profit of 398 million TRY ($184 million) in the second quarter of the year as compared to a net loss of 226 million TRY ($109 million) in Q1.
It completed the first half of the year with a net profit of 172 million ($79.52 million).
The airlines witnessed an increase of 37 per cent (15 per cent in USD terms) in the sales revenue, reaching 11.3 billion TRY, a statement said.
It also registered an operating profit of 495 million TRY in Q2 as opposed to an operating loss of 182.7 million TRY in Q1, thus closing H1 with 312 million TRY as operating profit, it said.
During H1, 26 million passengers were carried, implying a 17 per cent increase in passenger traffic. Available seat per km (ASK) and revenue passenger per km (RPK) increased by 19 per cent, resulting in a stable load factor of 79 per cent.
Being awarded “The Best Airline in Europe” in 2014 for the fourth time in a row, Turkish Airlines continues to increase its service quality and to sustain its solid financial state with a focus on profitable growth in order to become one of the leading five-star global airlines in the world, the statement said. – TradeArabia News Service