22-May-2012 2:30 PM
Turkish Airlines losses narrow in 1Q2012
Turkish Airlines revenue up 19% - financial highlights for three months ended 31-Mar-2012:
- Operating revenue: USD1588 million, +19% year-on-year;
- Turkish Cargo: USD152 million, +20%;
- Operating costs: USD1711 million, +12%;
- Fuel: USD611 million, +1%;
- Labour: USD336 million, +2%;
- EBIT (loss): (USD122 million), compared to a loss of USD195 million in p-c-p;
- EBITDA (loss): (USD4 million), compared to a loss of USD94 million in p-c-p;
- Net profit (loss): (USD16 million), compared to a loss of USD140 million in p-c-p;
- Passenger numbers:
- Turkish Airlines: +19%;
- Domestic: 3.4 million, +8%;
- International: 4.5 million, +26%;
- Sun Express: 1.3 million;
- Turkish Airlines: +19%;
- Load factor:
- Turkish Airlines: 72.7%, +5.5 ppts;
- Sun Express: 75.7%;
- Cargo volume: 109,105 tons, +26%;
- Cost per ASK: USD 8.30 cents, -6%;
- Cost per ASK excl fuel: USD 5.33 cents, -13%;
- Total assets: USD9147 million, +5% when compared to period ended 31-Dec-2011;
- Cash and cash equivalents: USD535 million, -35% when compared to period ended 31-Dec-2011;
- Total liabilities: USD6745 million, +7% when compared to period ended 31-Dec-2011. [more - original PR]