25-Aug-2009 10:35 AM

Turkish Airlines 2Q2009 revenue up 11%, but swings to loss

Turkish Airlines revenue up 11% - financial highlights for the three months ended 31-Jun-2009: (Reuters, 24-Aug-2009)

  • Revenue: EUR787.9 million, +11% year-on-year;
  • Net profit (loss): (EUR24.9 million), compared to a profit of EUR17.6 million in the previous corresponding period.

Turkish Airlines: "[First-half] net profit fell 58% to TRY102 million due to the fall in tangible assets as the financial crisis resulted in a contraction of the global aviation sector," Company statement. Source: Reuters, 24-Aug-2009.