Turkish Airlines set 74 million passengers target in 2018

- A Monitor Report 01 Feb, 2018 | 280 Views | - +
Istanbul : Turkish Airlines is targeting 74 million passengers carried in 2018, comprising 33 million on domestic and 41 million on international routes.

By the end of the year, Turkish ex-pects to switch operations from Istanbul Ata-türk Interna-tional to the Istanbul New Airport (INA), which is scheduled to open Phase 1 in late October.

In its first phase, INA will open three runways and a terminal with an annual capacity of 90 million passengers. If the new airport grows to the full size envisaged through a series of expansion phases, it will eventually have six runways, three terminals and the capacity to handle up to 200 million travellers annually.

By the end of 2018, Turkish Airlines expects a passenger load factor of 79 per cent -80 per cent; ASKs are predicted to rise 5 per cent-6 per cent to 183 billion compared to 2017.

Capacity is expected to see year-over-year (YOY) increases of 10 per cent in Turkey, 9 per cent in the Middle East, 6 per cent in Europe, 6 per cent in the Far East, 4 per cent in the Americas and 3 per cent in Africa.

For 2018, Turkish estimates cargo/mail volume to increase 21 per cent YOY, reaching 1.3 million tonnes.

Jet fuel consumption is expected to be up 9 per cent YOY; average jet fuel (including fuel hedges) is expected to be US$633/ tonne in 2018.

The Star Alliance carrier is targeting generating US$11.8 billion in sales revenue; CASK, exc-luding fuel, is expected to increase between 3 per cent -5 per cent YOY.

For the first nine months of 2017, Turkish posted a US$263 million net profit, reversed from a US$463 million loss for the same period in 2016. Over the nine months, Turkish carried 51.6 million passengers, up 6.9 per cent YOY, on 354,765 flights.

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