Turkish Airlines announced its 2018 targets
Turkish Airlines has now set its targets for 2018, the year in which the carrier will move its hub to the third airport of Istanbul. According to the non-consolidated 2018 budget that was approved by the board of directors under the presidency of M. İlker Aycı, Chairman of the Board, and the executive committee of Turkish Airlines, the guidance regarding the Incorporation targets and expectations for the year 2018 are:
- Traffic Development
Total number of passengers carried is targeted to reach 74 million, including 33 million on domestic routes, 41 million on international routes. While passenger load factor is expected to be in the band of 79% and 80%, total available seat kilometers (ASK) will approximately reach 183 billion, with an increase of between 5% and 6%, compared to 2017. Capacity (ASK) increase is expected to be 10% in Turkey, 9% in Middle East, 6% in Europe, 6% in Far East, 4% in America, and 3% in Africa regions. 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%, compared to 2017. Average jet fuel (including fuel hedge) is expected to be 633$/ton in 2018. The Incorporation is targeting to generate 11.8 billion USD of sales revenue. Cost per available seat kilometer (CASK), excluding fuel, is expected to increase by between 3 – 5 percent. Unconsolidated EBITDAR margin is targeted to be between 21% and 22%, whereas consolidated EBITDAR margin is targeted to be in the band of 23 and 24 percent.