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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Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
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