Turkish Airlines Jumps After Earnings Swing to Profit From Loss
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Turk Hava Yollari AO, the carrier known as Turkish Airlines, surged after posting an unexpected profit in the third quarter.
The shares gained 4.1 percent to 2.54 liras at 12:54 p.m. in Istanbul after rising as much as 4.5 percent. Profit in the period soared to 76.7 million liras ($43.1 million), from 24.3 million liras a year earlier, the carrier said Nov. 11. It was expected to report a loss of 84.4 million liras, according to the average of 11 analyst estimates compiled by Bloomberg.