Turkish Airlines considers penetrating into far easters markets

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Turkish Airlines considers penetrating into far easters markets

Turkish Airlines plans to add China and India as international partners to its growing portfolio, according to Chairman of the company who said THY intends to penetrate Chinese market through partnerships, such as cooperation on airport operations and airline companies.

Speaking at the “International Economic Development Summit – A View of Global Crisis Through China and India and Turkey,” the Chairman said THY has become an airline company that provides flights to the greatest number of destinations in the world.

He also stated that the THY’s number of passengers increased by 2.5 percent last year and that they had an operational profit of $386 million in the last quarter, and he went on to say that “We are planning to both grow and add China and India to our international partners in the coming period. My colleagues are in talks with major investors in the Far East.”

Turkey’s national flag carrier Turkish Airlines (THY) has realized a real operating profit of $189 million in the second quarter of this year following $17 million in the first half, according to a statement released by the company.

In the second quarter, passenger revenues increased by 5 percent to $2.2 billion, cargo revenues climbed by 29 percent to $327 million, and total revenues surged by 7 percent to $2.6 billion, while the total revenues amounted to $4.6 billion in the first half of the year.

While the expense saving plan launched in the second half of last year continued in 2017, total operational expenses decreased by 7 percent in the second quarter to $2.5 billion.

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