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 flights to Samarkand, Aqaba and Sierra Leone
Turkish Airlines launches new commercial starring heart surgeon Dr. Oz at the Super Bowl LII
Emirates to launch services to Santiago de Chile via Sao Paulo
Latest Travel News
Turkish Airlines launches flights to Sam...
Texas Roadhouse opens its first beachfro...
Turkish Airlines launches new commercial...
Featured Sights To See
Souk Waqif

Souk Waqif

Doha, Qatar

Though it has been built relatively recently, the Souq Waqif is the best place to go if for a glimpse of traditional Qatari culture.  Builders utilized traditional building materials like mud and wood to give it an authentic feel.  Lots of traditional Arab goods are sold here, including spices, perfume, and clothing.  There's also an Art Center that features art galleries, and sells...

Belvedere Palace

Belvedere Palace

Vienna, Austria

Complex of 18th century castles and gardens. Expansive spaces, truly magnificent views, and astounding architecture. ...

Jardim Zoologico

Jardim Zoologico

Rio de Janeiro, Brazil

Address: Rua Paula e Silva, Sao Cristovao Tel: 2569 2024 Admission: US$2 Opening Times: 9am-4:30pm Tue-Sun Located 200m from the old imperial residence of Qunita da Boa Vista, Rio’s zoo has a medium sized menagerie of animals: mostly Brazilian mammals and endangered species. The tropical bird aviary and the Nocturnal House where you can get up close with sloths, bats and other night ...

Museum of Vietnamese Revolution

Museum of Vietnamese Revolution

Hanoi, Vietnam

The Museum of Vietnamese Revolution documents the country's various struggles for independence and the history of the Communist Party. The rustic museum houses objects on display offer a creative and multi-dimensional insight; from a Japanese Buddhist drum used to rally the party in the 1960s to Vietnam’s first sewing machine. Address: 25 Tong Dan, Hanoi Tel: +4 3825 4151 ...