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Turkish Airlines reports US$1.69b net profit in 2015

Turkish Airlines reported a 2015 net profit of US$1.69b, up from $845m for the previous year and surpassing a billion dollar level for the first time in its history. During 2015, profit from main operations stood at $895m, up 32% compared to in 2014. Sales revenue was $10b 522m, slightly down from $11b year-over-year. More than 70% of its ticket sales were made abroad. ASKs grew 13.6% and the carrier transported 61.2m passengers on its 453.000 flights, creating a load factor of 78%. It generated $2.6b of EBITDAR with a 24.5% margin, up 5.7 percentage points in 2015. Chairman of the board and the executive committee Ilker Ayci said: “Turkish Airlines has reinforced its position among the most profitable airlines with these financial results recorded in this challenging year". <br/>

SIA to cut back on A380 first class suites

SIA plans to reduce the number of first class suites in the next wave of its Airbus A380s, although the remaining private suites are expected to be larger. SIA CE Goh Choon Phong revealed that superjumbos to be delivered from 2017 would see fewer suites at the pointy end. The current A380s have 12 plush private suites at the front of the lower deck, with the middle 4 able to be converted into a 'double suite'. Goh didn't tip how many suites would be cut from the floorplan of the new A380s, which would begin flying in 2017. Those next-gen superjumbos will debut an all-new first class suite that's tipped to be larger than the current rooms in an attempt to narrow the gap against the almost 4m² of Etihad's first class Apartments. Also slated for SIA's next A380s will be all-new business class seats. <br/>