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Turkish Airlines First Quarter Profit  
User currently offlineTKfan From Turkey, joined Oct 2007, 660 posts, RR: 1
Posted (5 years 5 months 1 week 4 days 5 hours ago) and read 1918 times:

http://www.hurriyet.com.tr/ekonomi/11661089.asp?gid=254

Turkish Airlines increased its profit by 24% to 155 Million TL (Appr. $ 99.2 Million) in the first quarter of 2009.
Revenues rose by 17% to 1.279 Million TL ($ 819.9 Million), Pax by 8% to 4.9 Million; In the same period ASK grew by 15% whereas RPK by just 9% resulting in a drop of 3.7pp of the L/F.

The increase of the profit was possible due to lower fuel prices which were 16% lower than the same period in 2008.

1 replies: All unread, jump to last
 
User currently offlineTKfan From Turkey, joined Oct 2007, 660 posts, RR: 1
Reply 1, posted (5 years 5 months 1 week 3 days 5 hours ago) and read 1789 times:

Guess the Hurriyet journalist misunderstood the presentation.
On thy.com they write about a drop of 24% in profits.

Its also to be seen in the balance sheet



One interesting detail for me out of the balance sheet: Revenues by Region (Scheduled services)

Domestic 20.6% (last year 24.3%)

Europe 38.5% (37.8%)
Far East 19.3% (18.8%)
Middle East 12.4% (10.7%)
North Africa 3.8% (2.5%)
North America 3.4% (4.0%)
Sub Sahara 2.0% ( 1.9%)


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