Turkish Airlines reveals 79.5% drop in net income for Q2 2019

Darren Wood
By Darren Wood August 19, 2019 10:27

Turkish Airlines reveals 79.5% drop in net income for Q2 2019


Turkish Airlines has revealed its second-quarter net income has dropped a massive 79.5%, standing at $26 million, down from the company’s net profit of $127 million from the same period last year.

The airline has attributed the Q2 2019 loss to the grounding of its 737 Max fleet; as well as delayed deliveries on the Airbus A320 neo – which it says has limited growth.

Turkish Airlines is now getting 15 A321neos rather than the 17 it was expecting.

Elsewhere, the airline’s operating profit for the quarter dropped 96% to $10 million from $267 million in the second quarter of 2018.

Its second-quarter EBITDAR stood at $561 million, down 25.2% from the same period last year.

Fuel costs rose 6.6% to $981 million in the second quarter.

Darren Wood
By Darren Wood August 19, 2019 10:27