Turkish soars to $253.8 million third-quarter profit
Friday November 13, 2009
Turkish Airlines reported a TRY374 million ($253.8 million) profit in the third quarter, a 7% drop from the year-ago period but a result that the airline said recovered some of the ground lost during the first half of 2009.
Third-quarter revenue rose 17% to TRY2.89 billion and THY's operating profit soared 51% to TRY454 million.
"The aviation sector is still exposed to the effects on the ongoing global financial crisis. In such a difficult environment, Turkish Airlines' positive operational and financial results is an indicator of the effectiveness of the strategic decisions taken and the sucess of the implemantations of these decisions," THY said.
The nine-month profit of TRY476 million represented a 27% reduction year-over-year, but operating profit climbed 35% to TRY610 million on a 15% increase in revenue.
Nine-month passenger numbers rose 10% to 18.6 million. Traffic measured in RPKs was up 14% year-over-year against a 21% lift in capacity. Load factor fell 4 points to 70.9%.
by Brian Straus
http://www.atwonline.com/news/story.html?storyID=18486
Davvero tanto di cappello nei confronti di questa compagnia.
Friday November 13, 2009
Turkish Airlines reported a TRY374 million ($253.8 million) profit in the third quarter, a 7% drop from the year-ago period but a result that the airline said recovered some of the ground lost during the first half of 2009.
Third-quarter revenue rose 17% to TRY2.89 billion and THY's operating profit soared 51% to TRY454 million.
"The aviation sector is still exposed to the effects on the ongoing global financial crisis. In such a difficult environment, Turkish Airlines' positive operational and financial results is an indicator of the effectiveness of the strategic decisions taken and the sucess of the implemantations of these decisions," THY said.
The nine-month profit of TRY476 million represented a 27% reduction year-over-year, but operating profit climbed 35% to TRY610 million on a 15% increase in revenue.
Nine-month passenger numbers rose 10% to 18.6 million. Traffic measured in RPKs was up 14% year-over-year against a 21% lift in capacity. Load factor fell 4 points to 70.9%.
by Brian Straus
http://www.atwonline.com/news/story.html?storyID=18486
Davvero tanto di cappello nei confronti di questa compagnia.