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FinancialNews
09-03-21
Turkish Airlines’ operational, financial results in 2020 improves noticeably among its competitors
(MENAFN)According to the national flag carrier’s CEO, confronting the pandemic to post strong results, Turkish Airlines’ operational and financial results in last year improved noticeably among its competitors.
a press conference in Istanbul quoted Ilker Ayci as saying that "We took a different stance than other companies in the world by closing out the year without cash support from the government and while not firing any of our employees."
Ayci further stated that as COVID-19 affected hard on the aviation sector, most airlines got cash donation from government and even then had to dismiss employees.
He added that "All over the world, the bailouts provided to airlines exceeded $191 billion."
Ayci also declared that praising the performance during this period of its subsidiary Turkish Cargo, the freighter set the crisis into an opportunity and increased its market share to turn into sixth largest in the world.
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