Half-year profit of Dh626 million for Turkish airlines

Dubai: Turkish Airlines reported a 181 per cent jump in net profits to €134 million (Dh626.117 million) for the first half of the current year, as the airline’s sales revenue increased by 28 per cent, reaching €1.8 billion.

A company statement told how operating profit, on the other hand, reached a total of €55 million, which was a 34 per cent decrease compared to the same period in 2009. It attributed this 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 continued during the first half-year. The number of passengers increased by 19.3 per cent, reaching 13.4 million passengers.

The amounts of cargo and mail carried increased by 49.6 per cent to 152 thousand tonnes. A 19.9 per cent rise in the number of available seat kilometres (ASK), was accompanied by an increasing demand in revenue per kilometre (RPK), which rose by 26.8 percent. The passenger load factor also increased by 4.1 points from the previous year, to 72.1 per cent.