Turkish Airlines ended the third quarter with TL1.72 billion ($842 million) in cash and cash equivalents, compared with a balance of
TL1.4 billion at 30 September 2012.
The Turkish national carrier says cash was down 42% down to TL1.05 billion for the first nine months of this year, but bank deposits grew to TL1.68 billion.
Other liquid assets totalled TL37.8 million at 30 September up from TL9.5 million at the beginning of the year.
Net cash from operating activities totalled TL2.98 billion for the first nine months, up from TL2.13 billion in last year’s corresponding period.
The carrier used TL1.70 billion net cash in investing activities in the January-September period, up from TL1.06 billion for the first nine months of 2012.
Net cash used from financing activities was TL907 million, up from TL465 million in last year’s corresponding period.