Turkish Airlines expects more than 78m pax and from USD14bn in consolidated revenue in 2020

Turkish Airlines released (24-Jan-2020) the following guidance regarding consolidated traffic and financial targets for 2020, following board approval:

• Traffic:
  • Passengers: 78 million to 80 million;
    • Domestic: 31.5 million to 33 million;
    • International: 46 million to 47 million;
  • Passenger load factor: Between 81% and 82%;
  • ASKs: Increase of 8.5% to 10% year-on-year;
    • Turkey: +7%;
    • Middle East: +7%;
    • Europe: +2%;
    • Far East: +17%;
    • Americas: 16%;
    • Africa: 10%;
  • Cargo: 1.6 million tonnes to 1.65 million tonnes, increase of 7% to 8%;
• Financial:
  • Revenue: USD14.5 billion to 14.8 billion;
  • Average jet fuel price with fuel hedge: USD690 per ton to USD700 per ton;
  • EBITDAR: Between 23% and 25%;
  • CASK excluding fuel: Stable. [more - original PR]