Turkish Airlines Q2 loss $224 mln, revises target

File photo of Turkish Airlines’ A330-300 aircraft. (AP)

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.

Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49