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 ...

Subscribe to Access this Entire Article

"Turkish Airlines reports drop in 2013 net profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.