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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