Turkish Airlines Jumps After Earnings Swing to Profit From Loss
By Benjamin Harvey - Nov 14, 2011 5:56 AM ET
Turk Hava Yollari (THYAO) AO, the carrier known as Turkish Airlines, surged after posting an unexpected profit in the third quarter.
The shares gained 4.1 percent to 2.54 liras at 12:54 p.m. in Istanbul after rising as much as 4.5 percent. Profit in the period soared to 76.7 million liras ($43.1 million), from 24.3 million liras a year earlier, the carrier said Nov. 11. It was expected to report a loss of 84.4 million liras, according to the average of 11 analyst estimates compiled by Bloomberg.
More:Turkish Airlines Jumps After Earnings Swing to Profit From Loss - Bloomberg