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