Turkish Airlines announced its “2018 Targets”

  •   2018-01-05       nepaltraveller.com

 

Turkish Airlines has set resolutions for 2018 after successfully meeting up the targets for 2017. 2018 is also a landmark for turkish Airlines as the carrier will now move its hub to the 3rd Airport of Istanbul.The 2018 budget has been approved by the Board of Directors under the presidency of M. Ilker Ayci, Chairman of the Board and the Executive Committee of Turkish Airlines. The guidance regarding the targets for the year 2018 and the Incorporation expectations are as follows.

Traffic Development

The total number of passengers carried is targeted to reach 74 million, including 33 million on domestic routes and 41 million on international routes. Likewise, passenger load factor is predicted to be in the band of 79% and 80%, total Available Seat Kilometers (ASK) is estimated to 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 the Middle East, 6% in Europe, 6% in the Far East, 4% in America and 3% in Africa regions. Furthermore, the Incorporation also aims to increase cargo/ mail by 21% and thus plans to reach 1.3 million tonnes.

Financial Development (Unconsolidated)

In 2018,  the Incorporation aims to increase jet fuel consumption by 9% compared to 2017 and the average jet fuel(including fuel hedge) to be 633$/ton. Similarly, they plan on generating 11.8 billion USD of sales of sales revenue and increasing Cost per available seat kilometre (CASK), excluding fuel by 3% - 5%.  The Incorporation further has targeted unconsolidated EBITDAR margin to be between 21% and 22%, whereas consolidated EBITDAR margin to be in the band of 23% and 24%.