Subscribe Free
in Business & Finance

Turkish Airlines announced its 2018 targets

Posted 25 January 2018 · Add Comment

After completing 2017 successfully, Turkish Airlines has now set its targets for 2018, the year in which the carrier will move its hub to the 3rd Airport of Istanbul.

According to the non-consolidated 2018 budget that was approved by the Board of Directors under the presidency of M. İlker Aycı, Chairman of the Board and the Executive Committee of Turkish Airlines, the guidance regarding the Incorporation's targets and expectations for the year 2018 are as follows; 

Traffic Development

Total number of passengers carried is targeted to reach 74 million including 33 million on domestic routes, 41 million on international routes.

While passenger load factor is expected to be in the band of 79% and 80%, total Available Seat Kilometers (ASK) will approximately reach to 183 billion with an increase of between 5% and 6% compared to 2017. Capacity (ASK) increase is expected to be 10% in Turkey, 9% in Middle East, 6% in Europe, 6% in Far East, 4% in America and 3% in Africa regions.

In 2018, cargo/mail carried is expected to increase by 21% reaching 1.3 million tonnes.

 Financial Development (Unconsolidated)

In 2018, jet fuel consumption is expected to increase by 9% compared to 2017.

Average jet fuel (including fuel hedge) is expected to be 633$/ton in 2018

The Incorporation is targeting to generate 11.8 billion USD of sales revenue.

Cost per available seat kilometer (CASK), excluding fuel is expected to increase by between 3%-5%.

 

Unconsolidated EBITDAR margin is targeted to be between 21% and 22%, whereas consolidated EBITDAR margin is targeted to be in the band of 23% and 24%.

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

SAMI acquires AEC

Saudi Arabian Military Industries (SAMI) has announced the signing of a Term Sheet Agreement to acquire 100% ownership in Advanced Electronics Company (AEC), which took place at a Saudi Arabia/UK industry event in London in the

Towering problem cut down to size

A new training course in Kuwait aims to help provide local air traffic controllers with the skills to take up positions in the nation’s control towers. Alan Dron reports.

Airways New Zealand and DGCA Lebanon open advanced ATC simulation facility

Airways New Zealand and the Directorate General of Civil Aviation (DGCA) Lebanon have officially opened an advanced air traffic control (ATC) simulation facility – future-proofing ATC training in Lebanon for decades to come.

Etihad Airways to launch seasonal summer flights to Alexandria

Etihad Airways will launch seasonal summer flights from Abu Dhabi to Alexandria.

IATA: Data, digital transformation to drive future customer experience

The International Air Transport Association (IATA) has urged aviation stakeholders to embrace data and digital transformation to help deliver a frictionless customer experience while enhancing safety and efficiency.

Gulf Air adds Maldives as it welcomes its third Airbus 320neo

Gulf Air has welcomed the airline’s third Airbus A320neo, which on October 26 will begin operating to Gulf Air’s newest destination – Male in the Maldives.

Luxivair SK2404240719
See us at
MEBAA BT2006260919DIAC19_BT264161119Dubai AS BT2006211119ACCA19_BT_2404091019