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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.

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