According to the non-consolidated 2016 budget that was approved by the Board of Directors, the guidance regarding the Incorporation's targets and expectations for the year 2016 is as follows:
Fleet / Network Development By the end of 2016 the fleet size is planned to reach to 339, including 240 narrow-body, 87 wide-body and 12 cargo aircraft. With 6 new route additions, destinations served will reach 290.
Traffic Development Total number of passengers carried is targeted to reach 72,4 million including 30,6 million on scheduled domestic routes, 40,8 million on scheduled international routes, and the rest on charter and hajj flights. While passenger load factor is expected to be 78%, total Available Seat Kilometers (ASK) will reach to 186 billion with an increase of 21% compared 2015. Capacity (ASK) increase is expected to be 11% in Turkey, 31% in America region, 27% in Africa region, 23% in Far East region, 17% in Europe region and 17% in Middle East region. In 2016, cargo/mail carried will increase by 13% reaching 815 thousand tonnes.
Financial Development In 2016, the Incorporation's number of personnel on average is expected to increase by 19% along with 18% increase in fuel consumption compared to 2015. Under the assumptions of average 1,10 for EUR/USD, average 3,14 USD/TRY and average jet fuel (inc. Hedge) 647$/per ton, the Incorporation is targeting to generate 12,2 Billion USD of sales revenue. Compared to 2015, close to 3% decrease (in USD terms) in passenger unit revenue is expected and close to 1,5% decrease in ex-fuel unit costs (in USD terms) is targeted. Targeted EBITDAR margin is 20-22%.