ISTANBUL
Turkish Airlines announced a net profit of 1.35 billion Turkish liras ($476 million) on Sunday despite rising fuel costs and the fall in the value of the lira.
“In the first six months of 2015, a period with severe fuel price and currency fluctuations, Turkish Airlines grew its net profit by six-fold compared to the same period of 2014,” Turkey’s flag carrier said in a statement.
Sales revenue increased by 9.2 percent compared to the first half 2014, reaching 12.3 billion Turkish lira ($4.3 billion), the company added, and made an operating profit of 524 million Turkish lira ($185 million).
The airline increased capacity by more than 10 percent in the first half of the year, with 28.5 million customers taking 212,000 flights.
Another highlight of the year was the carrier selection as best airline in Europe.
