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Turkish Airlines charts out 2018 targets


Post wrapping up a successful 2017, Turkish Airlines has now set its targets for 2018 as 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’s targets and expectations for the year 2018 are that 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 to 183 billion with an increase of between five to six percent compared to 2017. Capacity (ASK) increase is expected to be 10% in Turkey, nine percent in Middle East, six percent in Europe, six percent in Far East, four percent in America and three percent in the African regions.

As per the financial development which is unconsolidated, in 2018, jet fuel consumption is expected to increase by nine percent compared to 2017. Average jet fuel (including fuel hedge) is expected to be US$ 633 per ton in 2018. The Incorporation is targeting to generate US$ 11.8 billion of sales revenue. Cost per available seat kilometer (CASK), excluding fuel is expected to increase by between three to five 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%.