Airline

Turkish Airlines 2010 9M Net Profit stood at 169 Million USD

Dubai, UAE; Turkish Airlines 2010 consolidated financial statements were reported to Istanbul Stock Exchange. According to the reported financial statements, sales revenue increased by 39 percent to 5 Billion US $. Approximately 79 percent of Turkish Airlines scheduled service revenue was obtained from international lines and 21 percent from domestic lines. 9M 2010 net profit and operating profit stood at 169 Million US $ and 538 Million US $ respectively.

Revenue Passenger Kilometer (RPK) increased by 22.7 percent and Available Seat Kilometer (ASK) increased by 17 percent. The number of passengers increased by 18 percent to 22 million, cargo and mail carried increased by 41 percent to 228 thousand. As a result, passenger load factor increased by 3.4 points from the previous year to 74.2 percent.

With the addition of new wide body aircraft which started to join their fleet in September, THY will be able to increase the business class segment that will result in increasing the revenue yields. Due to this addition, Turkish Airlines will also be able to increase its cargo network in the long haul as well as cargo revenue.

2010 Financial and operational results, which are higher than Turkish Airlines expectations, are a good indicator to them to achieve their 2011 growth target. Hence, they are eager to continue to apply their long term growth strategies without making any consession on their profits. 

More Airline
Turkish Airlines launches new cabin crew uniforms
Emirates voted ‘Best Business Airline’ and ‘Best Airline – Long-Haul Holiday’ by Conde Nast Traveller readers
Tourism to contribute SR118 billion to Saudi Arabian economy by 2020
Latest Travel News
Emirates voted ‘Best Business Airline’ a...
Tourism to contribute SR118 billion to S...
Emirates Palace Abu Dhabi to celebrate M...
Featured Sights To See
Temple of the Great Relic & the Amulet Market

Temple of the Great Relic & the Amulet Market

Bangkok, Thailand

This is arguably the oldest Buddhist temple in Bangkok. Next to it is the amulet market where different amulets, talismans, icons and other religious symbolic pieces are available which are said to bring good luck and good fortune to the person using them. It is very interesting to see these.   Timings: Daily 9 A.M- 5 P.M Address: Na Phra That Road Admission: B 20 Tel: 02222-6...

Powerscourt Eastate

Powerscourt Eastate

Dublin, Ireland

Powerscourt Estate is located just outside the town of Enniskerry, a suburb of Dublin about 25km from the city center.  The original castle was built in the thirteenth century by the Baron La Poer (which eventually became Power, hence the name).  German Richard Cassels carried out an extensive renovation between 1731 and 1741.  The new facade was in the Palladian style, bookended by...

Campo San Polo

Campo San Polo

Venice, Italy

Many years ago, at the Campo San Polo bull races took place, fairs and military parades were held but now only the city’s outdoor cinema is set up here on summer nights. The church located here called the Chiesa di San Polo was restored several times but little remains of the original 9th-century building, and the 19th-century alterations were so expensive that the friars had to sell off many grea...

Copenhagen City Hall

Copenhagen City Hall

Copenhagen, Denmark

Established in the late 18th Century, the Copenhagen City Hall is quite famous for its blend of Italian and Danish architecture. The hall is not only used for political meetings and events but is also devoted to organize civil weddings. The entire place is decked out with various paintings and sculptures of famous political figures and monuments. A striking feature of the city hall is the huge ast...