Turkish Airlines net loss of US$77 million sees plane orders postponed
Security issues severely hit the Turkish tourist industry in general in 2016, and Turkish Airlines in particular. Having posted a profit of US$682 million in 2015, 2016 revenue dropped 6.9 percent to US$9.8 billion, while operational expenses rose 3.1 percent to US$10.14 billion, resulting in an overall net loss of US$77 million. At the beginning […]
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