Turkish Airlines plans to save US$250M this year
Turkish Airlines Board and Executive Committee chairman Ilker Ayci said the company has revised its budget for 2016 to save US$250m, cutting down on expenditures, adding that it will also take proactive measures against the problems arising from security concerns in different geographic locations, particularly Europe. Despite the 10% increase in its total assets, THY closed the first half of the year with $411m in losses. In addition to slow global growth, due to the terror attack at Istanbul Atatürk and a failed coup attempt, THY experienced an exceptional year, and it is getting ready to take steps aiming to minimise the effects of these negative developments. Stressing that THY has not made any changes on its long-term goals, Aycı said they have been working hard to compensate the losses in the second half of the year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-24/star/turkish-airlines-plans-to-save-us-250m-this-year
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Turkish Airlines plans to save US$250M this year
Turkish Airlines Board and Executive Committee chairman Ilker Ayci said the company has revised its budget for 2016 to save US$250m, cutting down on expenditures, adding that it will also take proactive measures against the problems arising from security concerns in different geographic locations, particularly Europe. Despite the 10% increase in its total assets, THY closed the first half of the year with $411m in losses. In addition to slow global growth, due to the terror attack at Istanbul Atatürk and a failed coup attempt, THY experienced an exceptional year, and it is getting ready to take steps aiming to minimise the effects of these negative developments. Stressing that THY has not made any changes on its long-term goals, Aycı said they have been working hard to compensate the losses in the second half of the year. <br/>
