Turkish Airlines reported a $755 million net profit for the first nine months—nearly tripled from a net profit of $263 million for the year-ago period. The company cited increasing demand and unit revenues for the profit jump. Operating revenue for the period rose 20% year-over-year (YOY) to $9.9 billion, while expenses were up 17.9% to 8.7 billion. The expense increase was driven largely by a 33% hike in fuel costs. “Despite the various regional and sectoral conditions that we ...

Subscribe to Access this Entire Article

"Turkish Airlines triples 9-month net profit on growing demand, revenue" 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.