Turkish Airlines operating profit down 7% in 3Q2011

Turkish Airlines revenue up 41% - financial highlights for three months ended 30-Sep-2011:

• Revenue: EUR1465 million, +40.9% year-on-year;
• Cost of sales: EUR1088 million, +52.5%;
• Operating profit: USD209.0 million, -6.9%;
• Net profit: EUR8.1 million, -23.3%;
• Total assets: EUR6079 million, +39.4% when compared to period ended 31-Dec-2010;
• Cash and cash equivalents: EUR1684 million, +17.8% when compared to period ended 31-Dec-2010;
• Total liabilities: EUR4752 million, +68.2% when compared to period ended 31-Dec-2010. [more - original PR]

*Based on the conversion rate at EUR1 = TRY2.44238