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;
      • 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]