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Finance & Investment

Turkish Airlines announces 85.3% Load Factor in July

TURKISH Airlines has announced its highest load factor (LF) for passenger and cargo traffic in history with 85.3%. Despite the high base of July 2017, growth in the number of passengers, revenue per kilometer and load factor, has been an important indicator of the continued increase in global interest to …

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Transcorp Hotels Plc records 85% increase in Half Year 2018 Profit After Tax

TRANSCORP Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018 showing significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels delivered a commendable 29% year-on-year growth in …

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Delta Air Lines announces March Quarter Profit

DELTA AIR LINES has reported financial results for the March quarter 2018 as adjusted pre-tax income for the March 2018 quarter was $676 million, a $104 million decrease from the March 2017 quarter, as record revenues were offset by higher fuel prices and other increased costs including a $44 million …

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Med-view’s shareholders commend airline’s 2017 performance, charge govt to reduce taxes

As airline appoints four new directors to board SHAREHOLDERS of Med-view Airlines have commended the airline’s 2017 performance indices urging the airline to keep it positive after it announced an increase in revenue of N36.91 billion in the end of December 2017. This is however as they have enjoined the …

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UBA sustains strong performance with growing contribution and market share from Africa

Declares Profit Before Tax of N105.3 billion UNITED Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s …

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Turkish Airlines hits 79.7% load factor in December 2017

TURKISH Airlines has announced that it completed the year 2017 with a great success with an increased passenger factor of 9.3% after airlifting 68.6 million air travelers. The number of passengers in 2017 compared to the previous year reached 79.1% by increasing 4.7 points. The flag carrier has reached highest …

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Turkish Airlines announces USD 956 million profit in 2017 Q3 financial results

 TURKISH AIRLINES posted record net profit of all 3rd quarters in company history with USD 939 million in 2017 Q3 recording its 9-monthly operating net profit as USD 956 million. The successful 3rd quarter marked a 23 percent increase on total revenues compared to the same period of 2016, reaching …

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FG set to confiscate accounts without Bank Verification

MILLIONS of  account holders in Nigeria are set to lose their funds as the Federal Government would soon commence temporary seizure of all funds held in bank accounts not linked to any bank Verification Number (BVN) and whose ownership could not be absolutely identified. This development is coming following the …

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Turkish Airlines announces increase in load factor with 81.5% in September

TURKISH Airlines has announced an increase in its load factor the highest in the last five years this September 2017 as it publicized its “Passenger and Cargo Traffic Results” with 81.5% LF a by 5.7% increment from September of 2015 The evaluation of September 2017 Traffic Results shows that the …

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Delta Air Lines announces 2017 September quarter profit

DELTA AIR LINES today reported financial results for the September quarter 2017 with adjusted pre-tax income for the  quarter at $1.7 billion, a $182 million decrease from the September 2016 quarter. Pre-tax income includes a $120 million reduction from the operational disruption following Hurricane Irma that hit the Caribbean, Florida, …

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