Turkish Airlines targets USD8bn revenue, 177 aircraft in 2011

Turkish Airlines Chairman Hamdi Topcu stated the carrier is targetting USD8 billion in revenue in FY2011 (Reuters, 01-May-2011). The carrier previously forecast a fleet of 165 aircraft and revenue of USD8 billion by 2015. Turkish Airlines reported in its Mar-2011 investor presentation, its total fleet reached 163 aircraft with an average age of 6.4 years as of 31-Mar-2011, increasing the carrier's seat capacity by 27% year-on-year. Turkish Airlines' fleet and capacity plans are as follows:

• 2011:
  • Fleet: 177 aircraft;
  • Seat capacity: 32,355, +16.0% year-on-year;
• 2012:
  • Fleet: 188;
  • Seat capacity: 34,575, +6.9%;
• 2013:
  • Fleet: 200;
  • Seat capacity: 36,888, +6.7%;
• 2014:
  • Fleet: 204;
  • Seat capacity: 37,553, +1.8%;
• 2015:
  • Fleet: 199;
  • Seat capacity: 36,734, -2.2%. [more]