Turkish Airlines profits jump 142%

Turkish Airlines profits jump 142%

Turkish Airlines recorded net profits of TRY164 million (US$91.8m, GDP57.8) in the first half year of 2012 – 142% better than the same period last year.

The result followed a 36% jump in revenues, which hit GBP2.3bn.

The result marks a major turnaround for the Istanbul-based airline, which posted a GBP58.9m loss in the first quarter of the year, then a profit GBP99m in the second quarter. Half-year traffic jumped 20% to 18m passengers.

The airline’s sales have been helped by an increase in routes from the UK, with Turkey proving a popular holiday destination for Brits this year. 

Gary Marshall
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Gary Marshall
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