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
Emirates announces one-off A380 service to Islamabad
Emirates now offers two flights a day to Prague
Emirates launches service to London Stansted
Latest Travel News
Emirates now offers two flights a day to...
Corinthia Hotel London launches new luxu...
Emirates Palace Hotel Abu Dhabi launches...
Featured Sights To See
What to do with Children in Town

What to do with Children in Town

Seoul, South Korea

The best place to be if you're a kid is at the palaces as there is just so much to see which is of interest to kids. Whether it's the turtles and gold fishes at the small ponds, or it's a visit to the museums, children will love it all. The Samsung Kids Museum is sure to get the kids excited about the visit to this superb city and the fireworks festivals are sure to light up their day. The Childre...

Gateway of India

Gateway of India

Mumbai, India

The Gateway of India is the landmark of the city and its most identifiable building. It is located on the waterfront on the southern part of Mumbai. This arch, an architectural delight, was built to commemorate the visit of King George V and Queen Mary of England to Bombay in December 1911. Ironically, it is through this gateway that the last British troops passed to board their ship back to Engla...

Dublin Zoo

Dublin Zoo

Dublin, Ireland

What better way to spend the day than to make a trip to the Dublin Zoo, spread over 60 acres and divided into different regions like the Artic zone, plains of Africa and the Indian Rainforest. It houses elephants, tigers, orangutans, chimpanzees, giraffes and many more exotic and endangered species. The zoo is definitely family friendly with rest stops, nursing stations, food outlets and kiosks. K...

Quan Su Pagoda

Quan Su Pagoda

Hanoi, Vietnam

Constructed in the 15th century the pagoda became the headquarters of the Tonkin Buddhist Association in 1934, and today it is headquarters for the Vietnam Central Buddhist Congregation.   Quan Su Pagoda is also referred to as the Ambassador's Pagoda or Chua Quan Su, and is one of the main Vietnamese-styled temples in Hanoi. It houses many finely carved statues, some dating back to the 15th...