Turkish Airlines releases 2019 guidance: Pax to reach 80m with ASK growth between 7% and 8%

Turkish Airlines released (15-Jan-2019) the following guidance regarding traffic and financial targets for 2019, following 2019 budget approval by the board:

• Traffic:
  • Passengers: 80 million;
    • Domestic: 33 million;
    • International: 47 million;
  • Passenger load factor: Between 81% and 82%;
  • ASKs: Increase of 7% to 8% year-on-year;
    • Turkey: +3%;
    • Middle East: +11%;
    • Europe: +6%;
    • Far East: 8%;
    • America: +7%;
    • Africa: +15%;
  • Cargo: 1.45 million tonnes, increase of 3% to 4%;
• Financial:
  • Revenue: USD14.1 billion;
  • Jet fuel consumption: Increase of 8% to 9%;
  • Average jet fuel price with fuel hedge: USD715 per ton;
  • EBITDAR: Between 22% and 24%;
  • CASK excluding fuel: Increase of 3% to 5%. [more - original PR]