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10-Aug-2018 10:38 AM

Turkish Airlines: Traffic results for the period of January-July 2018

Direct News Source

The revised guidance that has been approved by the Board of Directors of our Incorporation regarding the targets and expectations for the year 2018 is as follows:

Traffic Development

  • Total number of passengers carried is targeted to reach 75 million, including 33 million on domestic routes, 42 million on international routes.
  • While passenger load factor is expected to be around 81%, total Available Seat Kilometers (ASK) will be between 5% and 6% compared to 2017.
  • 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%.
  • Average jet fuel (including fuel hedge) is expected to be around 700$/ton in 2018.
  • The Incorporation is targeting to generate 12.5 billion USD of sales revenue.
  • Cost per available seat kilometer (CASK), excluding fuel is expected to increase by between 3%-5%.
  • Unconsolidated EBITDAR margn is targeted to be around 23%, whereas consolidated EBITDAR margn is targeted to be around 25%.
This press release was sourced from Turkish Airlines on 09-Aug-2018.