Loading
5-Dec-2012 3:46 PM

Turkish Airlines reports mixed profits in 3Q2012

Turkish Airlines revenue up 21% - financial highlights for three months ended 30-Sep-2012:

  • Revenue: TRY4480 million (EUR1986 million), +20.9% year-on-year;
    • Passenger: TRY4088 million (EUR1812 million), +27.2%;
    • Cargo: TRY297.5 million (EUR131.8 million), +9.6%;
  • Cost of sales: TRY3012 million (EUR1335 million), +2.8%;
    • Fuel: TRY1339 million (EUR593.5 million), +6.7%;
    • Labour: TRY465.8 million (EUR206.4 million), +5.0%;
  • Operating profit: TRY1044 million (EUR462.9 million), +205%;
  • Net profit: TRY636.9 million (EUR282.3 million), -9.5%;
  • Total assets: TRY18,530 million (EUR8212 million), +13.0% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: TRY2150 million (EUR952.8 million), +38.7% when compared to period ended 31-Dec-2011;
  • Total liabilities: TRY13,391 million (EUR5935 million), +12.5% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at EUR1 = TRY2.2563

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More