Page 5 - TURKRptJun20

Electricity demand contracts 15% y/y in April.
Turkish Airlines ​is​ considering delaying the delivery of some Boeing and Airbus planes. Turkish Airlines (THY) and Turkey’s leading budget carrier Pegasus Airlines ​extended​ their flight cancellations until June 4 for domestic flights and June 10 for international ones. TAV reported Q1 loss of €56mn.
Hard currency revenues of Turkish tourism companies ‘look set to plunge 70%’. Germany has not lifted the Turkey travel warning.
5​ TURKEY Country Report​ June 2020 ​ ​www.intellinews.com