Turkish Airlines 2018: Move to new airport and 11.8 billion USD in sales revenue

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Turkish Airlines has now set its targets for 2018, the year in which the carrier will move its hub to the 3rd Airport of Istanbul. This Star Alliance member airline is known to have the largest routing network of any airline in the world.

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 as follows;

Traffic Development

Ø  Total number of passengers carried is targeted to reach 74 million including 33 million on domestic routes, 41 million on international routes.

Ø  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 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.

Ø  In 2018, cargo/mail carried is expected to increase by 21% reaching 1.3 million tonnes.

 Financial Development (Unconsolidated)

Ø   In 2018, jet fuel consumption is expected to increase by 9% compared to 2017.

Ø   Average jet fuel (including fuel hedge) is expected to be 633$/ton in 2018.

Ø   The Incorporation is targeting to generate 11.8 billion USD of sales revenue.

Ø   Cost per available seat kilometer (CASK), excluding fuel is expected to increase by between 3%-5%.

Ø  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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Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications. He is also Chairman of ICTP. His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation. His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation. He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.