Turkish Airlines reported a first-quarter net profit of TRY373 million ($153 million), reversed from a net loss of TRY226 million in the year-ago quarter. The results were attributed to active risk management strategies and a balanced debt composition during its lowest season, the airline said in statement. First-quarter sales revenue rose 6.4% to TRY5.5 billion, producing an adjusted operating loss of TRY48 million in the prior-year quarter. ASKs rose 9.4% and the number of carried ...

Subscribe to Access this Entire Article

"Turkish Airlines swings to net profit in 1Q" 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.