turkiyetoday.com

Turkish Airlines profit margins hit as conflict doubles jet-fuel costs

Turkish Airlines logoTurkish Airlines
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Turkish Airlines reported quarterly revenue up 20.5% to $7.2 billion, but fuel expenses surged 92.9% to $2.8 billion, widening pressure on profits. Net income fell 71.5% to $197 million and the net margin narrowed to 2.7%. Passenger and cargo volumes rose, yet the airline posted an operating loss and shares dropped during the session.

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