04.09.2019 - Public Disclosures

The revised guidance that has been approved by the Board of Directors of our Incorporation regarding the targets and expectations for the year 2019 is as follows:

 Traffic Development

-Total number of passengers carried is targeted to reach 76 million including 31 million on domestic routes, 45 million on international routes.

-In 2019, cargo/mail carried is expected to increase by 7% reaching around 1.5 million tonnes.

-While passenger load factor is expected to be in the band of 81% and 82%, total Available Seat Kilometers (ASK) will increase of 4% compared to 2018.

Financial Development (Consolidated)

-In 2019, jet fuel consumption is expected to increase by 6% compared to 2018.

-Average jet fuel (including fuel hedge) is expected to be 690$/ton in 2019.

-The Incorporation is targeting to generate 13.4 billion USD of consolidated sales revenue. 

-Cost per available seat kilometer (CASK), excluding fuel is expected to increase by 7%-9%.

-Consolidated EBITDAR margin is targeted to be in the band of 22% and 23%.