Turkish Airlines recorded $153 million net profit

MAY 14, 2015: Turkish Airlines’ first quarter 2015 consolidated financial statements were reported to Borsa Istanbul. Compared to the first quarter of 2014, Turkish Airlines sales revenue decreased by 4 percent in USD terms due to EUR depreciation, ending up with a total of 2 billion 219 million USD. Turkish Airlines disclosed an adjusted operating loss of 18 million USD, outperforming the first quarter of 2014 by 77 percent and recorded 153 million USD net profit during the lowest season of the aviation industry. Active risk management strategies and a balanced debt composition had an impact on these outstanding results.
Maintaining its sustainable growth, Turkish Airlines realized a capacity increase of 9.4 percent (available seat km) in the first quarter of 2015 and total passengers carried increased by 6.5 percent, reaching to 12.8 million passengers from 12 million passengers for the same period of 2014.