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
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.