Turkey's aviation shares lifted as Russia flights resumed

Credit: REUTERS/UMIT BEKTAS

Shares in Turkish Airlines and budget carrier Pegasus Airlines rose more than 3% on Thursday after Turkey and Russia agreed to resume flights.

July 16 (Reuters) - Shares in Turkish Airlines THYAO.IS and budget carrier Pegasus Airlines PGSUS.IS rose more than 3% on Thursday after Turkey and Russia agreed to resume flights.

The two countries agreed to resume the flights as of July 15, Turkey's Transport Minister Adil Karaismailoglu was quoted as saying by state-owned Anadolu news agency.

Seven million Russian tourists visited Turkey last year, out of a total 45 million visitors, according to Tourism Ministry data.

(Reporting by Berna Suleymanoglu in Gdansk Writing by Ezgi Erkoyun; Editing by Dominic Evans)

((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))

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