Turkish Airlines reported a net profit of €48 million ($68.7 million) through the first six months of 2009, down 64% year-over-year, implying a second-quarter loss of approximately €25.6 million. THY earned TRY155 million ($105.4 million/€73.6 million) in the first quarter (ATWOnline, May 18) and said the sinking bottom line was the result of "the fall on tangible assets caused by the global recession and its effects on the global aviation sector." Six-month operating ...

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