Turkish Airlines reported annual net profit of TYR683 million ($307.7 million) for 2013, down from net income of TYR1.13 billion in 2012. Operating profit was up 9% to TRY1.24 billion year-over-year. Sales revenue rose 27% to TRY18.8 billion. EBITDAR increased 28% to TRY3.37 billion. EBITDAR margin maintained at 18%, in line with its long-term target EBITDAR level. The airline said the 2013 consolidated financial statements were reported to Borsa Istanbul last week. The carrier increased its ...

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