Turkish Airlines’ profits up in second quarter

Turkish Airlines has posted a net income of $943 million in the second quarter of the year, up from $635 million a year prior. Its cargo revenue saw an uptick of 47.5%, totalling $855 million as the e-commerce sector remains strong. Passenger revenues were up 4.2% to $4.6bn. Its profit from main operations was down 25.6% over last year’s second quarter at $591 million. This was driven by a 16% rise in operational expenses, which totalled $5.2bn in the quarter as well as revenue per available seat kilometre (RASK) up a marginal 1.3% and revenue yields down 2.3%. Its capacity