Turkish airlines reduce ticket prices

Business Materials 6 January 2015 16:37 (UTC +04:00)
Turkish Airlines will reduce prices for air tickets
Turkish airlines reduce ticket prices

Baku, Azerbaijan, Jan.6

By Rufiz Hafizoglu - Trend:

Turkish Airlines will reduce prices for air tickets, said the Chairman of the Board of Directors of Turkish Airlines Hamdi Topcu, the Anadolu news agency said Jan.6.

He said that the decision to reduce the prices for tickets was made by the airline due to the fall of world oil prices.

Topcu said that the airline gets a 4 percent profit during the procurement of fuel, which is quite a serious figure for civil aviation.

Earlier, Prime Minister of Turkey Ahmet Davutoglu said that decline in world oil prices is profitable for Turkey.

He said that the continuing decline in world oil prices gives Turkey a chance to ensure the growth of its economy.

Earlier, the Minister of Energy and Natural Resources of Turkey Taner Yildiz said that Turkey annually gains $32.6 million as a result of falling oil prices.

He said that if oil prices remain at the current level, Turkey will be able to annually gain $11.9 billion on exchange difference.

Reduction in the cost of oil is due to the fact that the United States has increased its supply to the world market since spring of 2014, and this takes place against the background of events in Ukraine. At the same time, the United States and Europe lifted international sanctions on oil supplies from Iran. Decline in oil prices accelerated in summer of 2014, and it continues at present.

Edited by CN

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