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Wednesday, November 30, 2005

ATW Daily News-Turkish Airlines CEO sees profitable growth continuing

"Turkish Airlines CEO sees profitable growth continuing
Wednesday November 30, 2005

THY Turkish Airlines CEO Temel Kotil told ATWOnline he is confident the carrier will maintain the profitability reached in the first nine months of the current fiscal year (ATWOnline, Nov. 29), which included a net margin of 5% and an EDITBAR margin of 19%, despite a plan to increase seat capacity 30% by 2008.'This is a good margin for a European operator,' Kotil said. 'As a matter of fact, it's among the best of the AEA members.' He added that THY intends to pursue its present positioning as a full-service network carrier and is committed to expanding its market share in the domestic segment, the European market and Asia. 'We are adding 59 aircraft to bring our fleet by end 2008 to 100 aircraft, mostly narrowbodies. This means we are very established in short- and medium-haul routes. From Istanbul you can reach 55 capitals with our narrowbody aircraft. This is our natural market.'"

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