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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%.

Turkish Airlines close 2017 with a 9.3% growth

Turkish Airlines closed the last year on a successful note with an increase in the number of passengers at 9.3% and carried 68.6 million passengers compared to 2016. The load factor reached 79.1% by increasing 4.7 points and the highest December load factor rate was 79.5%.

M İlker Aycı, Chairman of the Board and Executive Committee of Turkish Airlines said: “We believed that 2017 would be a much better year than 2016. In light of that belief, we made our plans and savings accordingly. We are analysing conditions of our home country, region, our industry, the developments and trends in aviation and tourism sector.”

As per the announcement, total Load Factor improved by 5.1 points to 79.7% with an increase of 8.9% in Available Seat Kilometer, while international load factor increased by five points to 79.2%. There was also double-digit growth in demand (revenue per kilometer) that commenced in July, kept on with 16.3% demand growth.  The total number of passengers carried went up by 21.4% reaching 5.5 million passengers. Compared to December 2015, the number of passengers carried and demand increased by 17%. Excluding international-to-international transfer passengers (transit passengers), the number of international passengers went up by 39%.

In December, load factor increased for all regions. Middle East, North America and Africa showed visible growth among other regions with 7.1 points, 6.8 points and 5.6 points increase, respectively.  During January-December, increase in demand and total number of passengers was 7.9% and 9.3%, respectively, over the same period of last year. Total number of passengers reached 68.6 million.  The total Load Factor improved by 4.7 points up to 79.1%, while international load factor increased by five points, up to 78.4%.

Turkish Airlines ends electronic ban

The electronic ban concerning electronic devices that was implemented on US arrival flights has ended for Turkish Airlines passengers.

Travelling to New York John F Kennedy International Airport from İstanbul Atatürk Airport will now be easy with electronic devices.

Chairman of the Board and Executive Committee of Turkish Airlines, M İlker Aycı, said: ‘‘During 102 days, 81,736 electronic devices were carefully collected from our passengers at gates by our staff and carried in overprotected baggage on 1,087 flights to the US. Of these, 75% of devices were laptops and tablets while 25% consisted of cameras, GPS devices and kindles.”