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Turkish Airlines Q2 loss $224 mln, revises target

Sales in second quarter rose to 7.1 billion lira from 6.8 billion in the same period of 2015

Published: Updated:

Turkish Airlines suffered a loss of 656 million lira ($224.02 million) in the second quarter, having posted a net profit of 661 million lira in the same period a year earlier.

Its sales in the second quarter rose to 7.1 billion lira from 6.8 billion in the same period of 2015, it said in a filing to the Istanbul stock exchange.

Revised passenger target

The flag carrier revised its year-end target to 63.4 million passengers down from 72.4 million. It announced a target load factor, which measures an airline's capacity utilization, of 72 to 74 per cent. In 2015, its load factor was 78 per cent.