Turkish Airlines revenue up 7% in 2Q2017

Turkish Airlines reported (11-Aug-2017) the following financial highlights:

• Three months ended 30-Jun-2017:
  • Revenue: USD2617 million, +7.1% year-on-year;
    • Passenger: USD2243 million, +4.8%;
  • Total costs: USD2477 million, -6.5%;
    • Fuel: USD693 million, +3.1%;
    • Labour: USD425 million, -11.5%;
  • Operating profit (loss): USD294 million, compared to a loss of USD160 million in p-c-p;
  • Net profit (loss): (USD61 million), compared to a loss of USD226 million in p-c-p;
• Six months ended 30-Jun-2017:
  • Revenue: USD4597 million, -0.7% year-on-year;
    • Passenger: USD3918 million, -3.8%;
  • Total costs: USD4666 million, -8.8%;
    • Fuel: USD1284 million, +0.6%;
    • Labour: USD812 million, -16.5%;
  • Operating profit (loss): USD147 million, compared to a loss of USD377 million in p-c-p;
  • Net profit (loss): (USD434 million), compared to a loss of USD647 million in p-c-p;
  • Passenger numbers: 30.3 million, +0.7%;
  • Load factor: 76.0%, +2.4ppts;
  • Total assets: USD18,383 million;
  • Cash and cash equivalents: USD1228 million;
  • Total liabilities: USD13,783 million. [more - original PR] [more - original PR - Turkish]