Turkish Airlines announced its “2018 Targets”

-

 


Turkish Airlines announced its “2018 Targets”


 After completing 2017 successfully, Turkish Airlines has now set its targets for 2018, the year in which 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 grouped into two: Traffic development and Financial Development (Unconsolidated). 
For 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.
The  passenger load factor is expected to be in the band of 79 per cent  per cent and 80 per cent , total Available Seat Kilometers (ASK) will approximately reach to 183 billion with an increase of between five per cent  and  six per cent  compared to 2017.
Capacity (ASK) increase is expected to be 10 per cent  in Turkey,  nine per cent  in Middle East,  six per cent  in Europe whereas  in 2018, cargo/mail carried is expected to increase by 21 per cent  reaching 1.3 million tonnes. 
For Financial Development, jet fuel consumption is expected to increase by  nine per cent  compared to 2017; average jet fuel (including fuel hedge) is expected to be 633$/ton in 201.
 The  Incorporation 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  three per cent to five per cent .
The  unconsolidated EBITDAR margin is targeted to be between 21 perr cent  and 22 per cent , whereas consolidated EBITDAR margin is targeted to be in the band of 23 per cent  and 24 per cent .

 



T

Comments

Post a Comment

Popular posts from this blog

NCAA blasts Aviation Elders on spurious claims bordering on Najomo's confirmation

-
Image
    NCAA blasts Aviation Elders on spurious claims bordering on  Najomo's confirmation  The Nigeria Civil Aviation Authority (NCAA) has  berated the shadow chasing efforts of a so - called industry group :  Aviation Elders (AE) , which has embarked on a sinister move to thwart efforts by the Federal Government to confirm the appointment of Captain Chris Najomo as the substantive  Director General of the apex aviation regulatory body. In a move aimed at mudslinging, Aviation Elders accused  Najomo of handling safety matters with levity. Aviation Elders  accused Najomo of trivializing the sector by allegedly announcing his confirmation by himself in a video when the National Assembly has not done so. Though the NCAA would have ignored the group with its sinister agenda, but is constrained to set the records straight. NCAA's Director of Public Affairs and Consumer Protection, Mr Michael Achimugu has  countered all the allegations saying the...
Read more

FAAN Managing Director highlights benefits of AMPAP programme

-
Image
  FAAN Managing Director highlights benefits of AMPAP programme  The Managing Dirgector of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku has highlighted the benefits of the Professional Airport Managers Programme (AMPAP), organized by the Airports Council International (ACI) saying the exercise has been worth its while. At the AMPAP Alumni Meet and Greet in Lagos, Mrs Kuku  expressed  profound appreciation for the enlightening experience gained through the program. She emphasized that the value extended beyond the curriculum, highlighting the crucial opportunity to build camaraderie, exchange perspectives, and understand diverse approaches to problem-solving among her colleagues.  Mrs. Kuku noted that the program’s effectiveness stemmed from its practical approach, utilizing real-life case studies to enhance understanding and application in current professional roles. She particularly praised the interactive structure, which encouraged acti...
Read more

Emirates , Air Peace sign interline agreement

-
Image
Emirates , Air Peace sign interline agreement ...To expand travel choices to 13 Nigerian cities  Emirates, the world’s largest international airline, has signed an interline agreement with West Africa’s largest airline, Air Peace, enhancing connectivity for passengers travelling to and from Nigeria. The partnership expands Emirates’ footprint to 13 new cities in Nigeria with frictionless single-ticket travel and simplified baggage throughput. Travellers booked on flights from Dubai to Lagos can access more of Nigeria, with onward connections to Asaba, Akure, Benin City, Calabar, Enugu, Ilorin, Kaduna and Owerri. The interline agreement will also benefit corporate travellers, connecting to additional cities in one of Africa’s major economic hubs, including its capital city Abuja, Kano, Uyo, Port Harcourt and Warri, further supporting the strong bilateral trade relationship between Nigeria and the UAE. Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer  said, “...
Read more