Turkish Airlines lifts nine-month profits

  • Son Güncelleme: 9/11/15 21:13:30
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The increased profit was based on revenues up TL3 billion to TL 21.6 billion for the nine months ending 30 September 2015.

Higher revenues come off the back of an 11.5% increase passenger traffic. That is slightly below the 12.6% capacity the airline has added, resulting in its load factor over the first nine months of the year down almost a point at 79%.

The Star Alliance carrier's net profit stood at nearly TL2.4 billion after nine months, an improvement on the TL1.5 billion recorded at the same stage last year.

"Despite strong competitive environment among the world’s leading players, the political and economical instabilities over its operating environment and significant currency fluctuations, Turkish Airlinescontinues to publish successful and sustainable results," the carrier says.

Under IFRS accounting standards reported in US dollars, Turkish Airlinesreports an operating of just over $1 billion for the first nine months.

Kaynak: www.kokpit.aero

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