Close photo mode

    Turkish Airlines made a loss of 100 mln TRY in four days

    Yesterday, shares of Turkish Airlines decreased by 5%

    Baku. 10 January. REPORT.AZ/ Turkish Airlines (THY) has canceled over 1 000 flights in last 4 days due to the heavy snowfall in Istanbul. 

    Report informs citing the Bloomberg, for this reason, Turkish Airlines has accommodated 15,000 people, food aid distributed to 40,000 people. As a result, Turkish Airlines suffered a loss of 100 million lira (28 mln USD) in last 4 days.

    In addition, fuel consumption increased because Turkish Airlines planes forced to land in other airports.

    THY's losses has a negative impact on its share prices at Istanbul Stock Exchange. Thus, yesterday, January 9 THY's shares fell by 4.87%. Due to the snow THY is expected to end the first quarter of 2017 even with losses.

    If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

    Last added

    At least one category must be selected

    All news

    Orphus sistemi