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

Etihad Airways most punctual Middle Eastern carrier in the first seven months of 2019

Etihad Airways was the most punctual Middle Eastern carrier in the first seven months of 2019.

MEBAA Show Morocco gearing up for September event

Business aviation exhibitors across the world are keen to take advantage of the region’s opportunities by promoting their products and services at the MEBAA Show Morocco, taking place 25-26 September at Marrakech Menara Airport.

DXB welcomes 41.3 million passengers in the first half of 2019

Dubai International (DXB) welcomed 41.3 million passengers in the first half of 2019, maintaining its position as the world’s largest international airport by traffic volume.

Pakistan and India Independence Days celebrated at Abu Dhabi International Airport

Visitors to Abu Dhabi International Airport (AUH) from Pakistan and India were greeted by the green, white and saffron colours of their national flags, and steaming cups of Karak chai, to commemorate the Independence days of the two

Embraer releases second quarter results

Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18.

Abu Dhabi Airports completes preparations for the return of Hajj pilgrims

Abu Dhabi International Airport has completed preparations for the return of the Hajj pilgrims from Mecca and Medina over the upcoming weekend.

MEBCONSK1607240919
See us at
MEBAAMORBT2006260919MEBCONBT1607240919BIDEC BT0108301019AVAFA20BT2607050320DIAC19_BT264161119Dubai AS BT2006211119