Company Watch - Turkish Airlines.

New York (AirGuideBusiness - Company Watch) Sep 27, 2009

"Despite the slowdown of THY's traffic results in August, we expect the company to continue to post better results as the Ramadan season ends and positive mood to extend into the seasonally-high third quarter," -- Oyak Securities. Turkish Airlines' passenger numbers increased 6.8 percent in January-August to 16.6 million as Europe's fourth-biggest airline pushes ambitions to grab market share from rivals. The load factor fell 4.2 points to 70.3 percent as the company increased capacity. Less travel during the holy month of Ramadan was also to blame for the fall, analysts said. Turkish Airlines is expanding its …