Reading Time: < 1 minute The Sukhoi Civil Aircraft Company (SCAC), manufacturer of Russia’s Sukhoi Superjet 100 (SSJ100) regional airliner, suffered 804.7 million ruble (US$12 million) net losses in the first half of 2018. The company’s financial performance deteriorated by seven per cent compared to the same period last year, although it received a 47 per cent higher turnover, amounting […]

Reading Time: 2 minutes Istanbul-based Turkish Airlines reported a nine-month 2016 net loss of $463 million, reversed from a net profit of $877 million in the year-ago period. According to the report, revenues for the nine-month period decreased 6.1% to $7.6 billion; operating loss for the period was $154 million, reversed from an operating profit of $894 million last […]

Reading Time: 2 minutes Turkish Airlines recorded a net loss of 1.894 million lira ($644 million) for the first half-year ended June 30, compared to a profit of 1.035 million lira for the same period a year ago. The Star Alliance member had experienced “challenging conditions” in the tourism sector, including a series of terrorist bombings in Turkey, which […]