Turkish Airlines reports USD135m loss from main operation in 1H2019

Turkish Airlines reported (08-Aug-2019) the following financial highlights:

• Three months ended 30-Jun-2019:
  • Revenue: USD3181 million, +0.1% year-on-year;
    
    • Passenger: USD2696 million, -0.6%;
    • Cargo: USD393 million, -1.3%;
  • Operational expenses: USD3173 million, +9.0%;
    
    • Fuel: USD981 million, +6.6%;
    • Personnel: USD526 million, +19.3%;
    • Aircraft ownership: USD461 million, +13.5%;
    • Maintenance: USD192 million, -2.5%;
  • Profit from main operations: USD15 million, -93.1%;
  • EBIT: USD69 million, -73.5%;
  • Net profit: USD26 million, -79.5%;
  • Revenue yield: USD 7.29 cents, +0.3%;
  • RASK: USD 5.99 cents, -3.0%;
  • Passenger RASK: USD 5.84 cents, +0.1%;
  • CASK: USD 6.88 cents, +9.7%;
• Six months ended 30-Jun-2019:
  • Revenue: USD5949 million, +0.2% year-on-year;
    
    • Passenger: USD4971 million, -0.9%;
    • Cargo: USD799 million, +1.9%;
  • Operational expenses: USD6142 million, +8.3%;
    
    • Fuel: USD1836 million, +6.5%;
    • Personnel: USD1041 million, +16.6%;
    • Aircraft ownership: USD895 million, +8.5%;
    • Maintenance: USD384 million, +4.6%;
  • Profit from main operations (loss): (USD135 million), compared to a profit of USD258 million in p-c-p;
  • EBIT (loss): (USD83 million), compared to a profit of USD320 million in p-c-p;
  • Net profit (loss): (USD203 million), compared to a profit of USD41 million in p-c-p;
  • Revenue yield: USD 6.99 cents, -1.2%;
  • RASK: USD 5.78 cents, -4.3%;
  • Passenger RASK: USD 5.60 cents, -1.6%;
  • CASK: USD 6.92 cents, +7.5%;
  • Total assets: USD23,068 million;
    
    • Cash and cash equivalents: USD1372 million;
  • Total liabilities: USD17,285 million. [more - original PR]