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27-Jan-2020 8:28 AM

Forward Looking Evaluations

Direct News Source

According to the 2020 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2020 is as follows:

Traffic Development

  • Total number of passengers carried is targeted to reach 78-80 million including 31.5-33 million on domestic routes, 46-47 million on international routes.
  • While passenger load factor is expected to be 81% - 82%, total Available Seat Kilometers (ASK) will increase by 8.5% to 10% compared to 2019. Capacity (ASK) increase is expected to be 7% in Turkey, 7% in Middle East, 2% in Europe, 17% in Far East, 16% in Americas and 10% in Africa regions.
  • In 2020, cargo/mail carried is expected to increase by 7% - 8% reaching 1.60 to 1.65 million tons.

Financial Development (Consolidated)

  • Average jet fuel (including fuel hedge) is expected to be 690-700$/ton in 2020.
  • The Incorporation is targeting to generate 14.5-14.8 billion USD of consolidated sales revenue.
  • Cost per available seat kilometer (CASK), excluding fuel is expected to be flat.
  • EBITDAR margn is targeted to be in the band of 23% and 25%.
This press release was sourced from Turkish Airlines on 24-Jan-2020.