• Chidozie Uzoezie

Turkish Airlines to Carry 74 million Passengers in 2018

After completing 2017 successfully, Turkish Airlines has set its targets for 2018, the year in which the carrier will move its hub to the third Airport of Istanbul.

According to the 2018 budget, the guidance regarding the airline's targets and expectations for the year 2018 are grouped into Traffic development and Financial Development.

With load factor expected to reach 80%, the airline expects to carry 74 million passengers including 33 million on domestic routes and 41 million on international routes.

Capacity 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. Cargo is expected to increase by 21%.

Turkish Airlines expects jet fuel consumption to increase by 9% compared to 2017, with average jet fuel (including fuel hedge) expected to be 633$/ton in 2018.

The airline 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%.

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%.


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