THY reverses Q1 loss

Compared to the first quarter of 2014, Turkish Airlines (THY) sales revenue decreased by 4% in US dollar terms due to Euro depreciation, ending up with a total of US$2.219bn. Turkish Airlines disclosed an adjusted operating loss of US$18 million, outperforming the first quarter of 2014 by 77% and recorded US$153 million net profit during the lowest season of the aviation industry. Active risk management strategies and a balanced debt composition had an impact on these outstanding results, the airline said. THY realised a capacity increase of 9,4% (available seat km)  in the first quarter of 2015 and total passengers