Turkish Airlines profit takes off

Dubai: According to Turkish Airlines' financial statements, the airline's sales revenue has increased by 28 per cent in monetary terms, reaching 1.8 billion euros (Dh8.3 billion), while its net profit has increased by a staggering 181 per cent to 134 million euros.

Operating profit, on the other hand, reached a total of 55 million euro, a 34 per cent decrease compared to the same period in 2009, which is attributable to increasing fuel prices that led to a 74 per cent increase in fuel expenses for the airline.

In accordance with the increased sales revenue, the upward growth trend in traffic results continued during the first half-year.

The number of passengers carried increased by 19.3 per cent, reaching 13.4 million passengers. Cargo and mail carried increased by 49.6 per cent to 152 thousand tonnes.

A 19.9 per cent rise in available seat kilometres (ASK) was accompanied by an increasing demand in revenue per kilometre (RPK), which rose by 26.8 per cent. The passenger load factor augmented by 4.1 points from the previous year, to 72.1 per cent.

Recovery

Globally, the industry has been witnessing recovery which is likely to continue if it is not harmed by another economical stagnation. Positive expectations will contribute to the growth of Turkish Airlines.