Turkish Airlines reported a $755 million net profit for the first nine months of 2018—nearly tripled from a net profit of $263 million for the year-ago period. The company cited increasing demand and unit revenues for the profit jump. Operating revenue for the period rose 20% year-over-year (YOY) to $9.9 billion, while expenses were up 17.9% to 8.7 billion. The expense increase was driven largely by a 33% hike in fuel costs. “Despite the various regional and sectoral ...


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