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TK actually made money in Q1 2021 (net profit - USD 61 mio)

TK actually made money in Q1 2021 (net profit - USD 61 mio)

Old May 6, 21, 4:08 am
  #1  
TPJ
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Join Date: Jun 2008
Programs: TK*G (E+), AA OWS (Plat Pro), EY Silver (compted), IHG Plat Ambassador
Posts: 6,938
Cool TK actually made money in Q1 2021 (net profit - USD 61 mio)

"In this difficult time, Turkish Airlines managed to wrap up the first quarter of 2021 with $41 million real operating loss and $61 million net profit despite the effects of the crisis caused by COVID-19," the company said in a written statement.

Link: https://www.aa.com.tr/en/economy/tur...1-2021/2228969

Serving cold meals in paper boxes did not affected the bottom line in a negative way, after all But being serious - impressive results...

BTW - https://investor.turkishairlines.com...ion-1q21v4.pdf - official presentation
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Old May 6, 21, 4:29 pm
  #2  
 
Join Date: Sep 2005
Location: HEL
Programs: AY Platinum, TK Elite, AA, BA, SK, DL, NT, WB + hotels
Posts: 5,355
Originally Posted by TPJ View Post
Serving cold meals in paper boxes did not affected the bottom line in a negative way, after all
Well, how could it, really, when everyone else served nothing and flew nowhere. In that climate, of course it was a smart move to save as much on the soft product as possible, as there was very little competition.

I'm grateful to TK for connecting HEL to the world in a situation where AY, my home airline, has shaved down their operations so much that they've become almost useless, and there's no end in sight.
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Old May 7, 21, 4:53 am
  #3  
 
Join Date: Dec 2018
Programs: milesandsmiles
Posts: 10
Most of the profit comes from the cargo operations, so it is actually possible.
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