Turkish Airlines falls in the red in 2Q2016

Turkish Airlines revenue down 5% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: USD2444 million, -4.9% year-on-year;
  • • Passenger: USD2140 million, -6.4%;
  • Total costs: USD2650 million, +6.6%;
  • • Fuel: USD672 million, -15.0%;
    • Labour: USD480 million, +17.6%;
  • Operating profit (loss): (USD206 million), compared to a profit of USD84 million in p-c-p;
  • Net profit (loss): (USD226 million), compared to a profit of USD253 million in p-c-p;
  • Revenue per ASK: USD5.47 cents, -14.4%;
  • Cost per ASK: USD 6.26 cents, -3.6%;
• Six months ended 30-Jun-2016:
• • Revenue: USD4632 million, -3.3%;
  • • Passenger: USD4071 million, -3.7%;
  • Total costs: USD5118 million, +8.0%;
  • • Fuel: USD1276 million, -13.6%;
    • Labour: USD973 million, +18.7%;
  • Operating profit (loss): (USD486 million), compared to a profit of USD50 million in p-c-p;
  • Net profit (loss): (USD647 million), compared to a profit of USD406 million in p-c-p;
  • Passenger numbers: 30.1 million, +5.6%;
  • Load factor: 73.7%, -3.9 ppts;
  • Revenue per ASK: USD 5.39 cents, -15.5%;
  • Cost per ASK: USD 6.26 cents, -5.7%;
  • Total assets: USD18,115 million;
  • Cash and cash equivalents: USD1108 million;
  • Total liabilities: USD13,673 million. [more - original PR]

Refer to full documentation in attachments box, located at the top left, below the headline.