Turkish Airlines reports net profit for 1H08

Operating revenue increased by 37%; 76% of scheduled revenue was from international traffic and 24% was from domestic traffic. In the operating costs, fuel cost’s portion is increased by 8 points from pervious year to 34%.
 
Parallel to revenue increase, traffic results also increased compared with previous year. Accordingly, number of passenger carried increased by 15% to 10 million, cargo-mail increased by 7% to 96 thousands tons. Available Seat Km (ASK) and Revenue Per Km (RPK) increased by 10% and 14% respectively, which increased the L/F by 3 points to 72.9%
 
Although fuel price increase has negative effect in the industry, our 1H 2008 results have encouraged us to look positive for the rest of the year.

(c) Centre for Asia Pacific Aviation. Date posted: 01-Sept-08
 

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