Turkish Airlines reports net operating loss in 4Q2015, positive growth in full year

Turkish Airlines revenue - financial highlights:

• Three months ended 31-Dec-2015:
• • Revenue: USD2468 million, -2.5% year-on-year;
  • • Passenger: USD2171 million, -1.7%;
    • Cargo: USD227 million, -13%;
  • Total operating cost: USD2518 million, -0.6%;
  • • Fuel: USD707 million, -18.3%;
    • Labour: USD415 million, -3.9%;
  • Net operating profit (loss): (USD50 million), compared to a loss of USD4 million in p-c-p;
  • Net profit: USD200 million, +63.9%;
• 12 months ended 31-Dec-2015:
• • Revenue: USD10,522 million, -5.0%;
  • • Passenger: USD9368 million, -5.0%;
    • Cargo: USD935 million, -4%;
  • Total operating cost: USD9840 million, -5.6%;
  • • Fuel: USD2997 million, -21.3%;
    • Labour: USD1640 million, -3.2%;
  • Net operating profit: USD682 million, +6.4%;
  • Net profit: USD1069 million, +26.5%;
  • Passenger numbers: 61.2 million,
  • Total assets: USD16,383 million;
  • Cash and cash equivalents: USD962 million;
  • Total liabilities: USD11,541 million. [more - original PR]