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

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.