Originally Posted by
FD1971
or Turkish (which simply does not work without billions and billions of losses covered by the Government)
I believe TK is publicly traded on IST Stock Exchange (and is constantly profitable). Latest Annual Report:
http://investor.turkishairlines.com/...reports/1/2014
THY, continuing its sustainable
financial performance in 2014 as
well, increased its net profit by
137% from US$ 357 million to US$
845 million over the previous year,
thus reassuring its shareholders.
NET PROFIT
INCREASED BY 137%
Thanks to efficient cost management
in addition to sharp decrease in fuel
prices, Turkish Airlines increased its
net profit by 137% over the previous
year. While the global profit margin
was 3% in 2014, Turkish Airlines nearly
tripled this figure with an attained pro-
fit margin of 8%.
I have no qualifications to say if they are cheating or not, but have a feeling that after Enron it is more difficult to cook the books.