Air France

Turkish Airlines’ Turnaround: Airline Weekly Lounge Episode 79

Jay Shabat
August 15th, 2017 at 8:43 PM EDT

After losing $300m in 2016 as a result of some horrific exposure to terrorism and political tumult, things are looking up for Turkish Airlines. In its second quarter, the airline posted a 5% operating profit margin and with that likely will turn a profit for the full calendar year. How did Turkish do it?

Other airlines facing some political duress include Korean Air and Asiana. South Korea’s two major carriers are caught in a crossfire of political tension among the U.S., China and North Korea. Nonetheless, both managed to grow second-quarter profits year over year. In Europe, Lufthansa, IAG, and Air France/KLM are all enjoying what seems to be a rising tide. But none of them is enjoying it as much as Ryanair.

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Jay Shabat
August 15th, 2017 at 8:43 PM EDT

Tags: Air France, Asia-Pacific, Asiana, Europe, IAG, KLM, Korean Air, Lufthansa, Ryanair, Turkish Airlines

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