6-Apr-2010 3:38 PM

Turkish Airlines net profit down 60% in 4Q2009: report

Turkish Airlines’ net profit reportedly fell 60% year-on-year to EUR97.1 million in the three months ended 31-Dec-2009, due to currency effects (Reuters, 01-Apr-2010). Full year net profit at Turkish Airlines is expected to fall from EUR640.5 million to EUR331.6 million. Details include:

  • Revenue: EUR956.7 million, +12.3% year-on-year;
  • EBITDA: EUR168.0 million, n/a;
  • EBITDAR: EUR220.7 million, +30.2%;
  • Net profit: EUR97.1 million, -59.6%.

*Based on the conversion ate at EUR1 = TRY2.02982