Turkish Airlines Reports H1 2009 Net Profit

Turkish Airlines' 1st half 2009 figures show an operating profit of 73 million Euro, a 9% decrease compared to the same period in 2008.

Net profit however, dropped by 64% to 48 million Euro, due to the fall on tangible assets caused by the global recession and its effects on the global aviation sector.

During the same period sales revenue has not changed in Euro, reaching 1.4 bn Euro.

In parallel to the sales revenue, the upward growth trend in traffic results continued during the first half-year.

The number of passengers carried increased by 9%, to 11,237,000, cargo and mail carried increased by 7% to 102,000 tons. The 19% expansion in available seat kilometers (ASK) was accompanied by increasing demand in revenue per kilometer (RPK), which increased by 11%. The passenger load factor declined by 4.8 percentage points from the previous year, to 68.2%.

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