Turkish Airlines made a financial Loss in 2016? So why?
Turkish Airlines made a financial Loss in 2016? So why? You may have heard from news media and social media that Turkish Airlines has closed the year 2016 with great loss. I am curious to see if the situation is really like this, and if so, what is the reason causing this, while superficially examining the financial results. Instead of relying on the comments and superficial reviews in the news sites, I wanted to examine the company's current activity report and its financial results personally and arrive at a conclusion. I hope it will be a useful analysis for all of us. Let's start. Photo Credit: Airliners.net Let’s begin with the Revenues? While the company's revenues were $ 751 billion in 2014, this figure declined to $ 718 billion in 2015. In 2016, revenue continued to fall and amounted to $ 701 billion. The first time we look at it is that THY's revenues have declined by around 2%, although airline passenger trans...