Turkish Airlines (THY) the National flag carrier recently confirmed their target for this year is to carry 78-80 million passengers, mainly on international routes across the globe. Posting on the Borsa, Istanbul’s public disclosure platform, Turkish Airlines said: “The target is to reach 78 million to 80 million total passengers carried, including 31.5 million to 33 million on domestic routes and 46 million to 47 million on international routes.”
Turkish Airlines is expecting a rise of 8.5 – 10% in ASK (available seat kilometres) as well as a passenger load factor of between 81% and 82%. The company said: “Capacity (ASK) increase is expected to be 7% in Turkey, 7% in the Middle East, 2% in Europe, 17% in the Far East, 16% in the Americas and 10% in Africa.”
They are also expecting to see an increase of 7% to 8% for cargo/mail shipping to reach 1.60 million to 1.65 million tons. Turkish Airlines added that they are aiming to make 14.5 billion - 14.8 billion USD in consolidated sales revenue in the coming year.
In 2020, the airline is expecting their fuel including fuel hedge to stand at between 690 - 700 USD per ton. They also added that the cost per available seat kilometres, without fuel would stay at the same level as last year.
Turkish Airlines passenger statistics
According to traffic data in 2019, Turkish Airlines carried over 74.3 million passengers. International flights increased by 3.8% in total, whilst those travelling on domestic flights were down by 7.5% when compared to the previous year. The total number of transit passengers soared by 5.4% to almost 24.60 million.
Airline anniversary celebrations
Turkish Airlines is Turkey’s most valuable company and recently celebrated their anniversary. The airline has been running for 86 years and started with just five airplanes that had just 28 seats, whereas the fleet of planes stands at 336 today.
Turkish Airlines are also offering free tours for passengers transiting through the mega hub Istanbul Airport, including evening cruises on the Bosporus waterway and free sightseeing tours in the city.
The Chairman of Turkish Airlines, Ilker Ayci recently told reporters that: “We currently have 66,000 staff. We need additional personnel to improve quality after we moved our hub to the new airport. We will hire around 10,000 new employees this year."
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