Air Transport World

Turkish Airlines.(EUROPE Report)

Turkish Airlines celebrated its entry into Star Alliance April 1 as well as an 80% increase in full-year profit to $224 million, saying the figure would have been higher if not for foreign exchange-related losses. THY reported a $132 million net profit in 2006. It said operating revenue rose 30% year-over-year to $3.67 billion and that its $420 million operating profit was a company record.

"Joining the alliance is an important step for the airline's future," THY President and CEO Temel Kotil said in Istanbul. …

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