Growing significantly higher than the industry average over the last 20 years while having significant contributions to Türkiye's economy and labor market, Turkish Airlines is pleased to announce its strategic targets pertaining to the 100th year of its establishment.
Determined in line with our vision for 2033, the strategic focus areas that aim to generate significant value for our stakeholders are as follows:
• Achieving consolidated revenue of over 50 billion USD by 2033,
• Attaining an EBITDAR margn between 20% and 25% during 2023-2033,
• Improving efficiency, maintaining cost discipline and creating new opportunities to generate additional revenues in order to sustain our strong financial performance,
• Contributing 140 billion USD of added value to Türkiye's economy by 2033,
• Expanding our fleet to 435 aircraft by 2023 and to over 800 aircraft by 2033; growing our passenger network to 400 destinations,
• Doubling the passenger capacity in 2023 by 2033 with an annual average growth rate of 7%,
• Servicing 170 million passengers by 2033 compared to over 85 million in 2023,
• Reaching 150 thousand employees including our subsidiaries,
• Doubling the transported cargo volume and positioning Turkish Cargo among the top three cargo carriers globally by 2033; leveraging the capabilities of our cargo hub, SmartIST, which is one of the largest air cargo terminals in the world,
• Establishing our low-cost arm AnadoluJet as a separate subsidiary; repositioning its brand, restructuring its revenue and cost structures, and reaching a fleet size of 200 new generation aircraft to strengthen its competitive positioning,
• Improving customer experience and brand recognition by:
– Providing each passenger a customized service across all service channels
– Completing cabin transformation to enhance in-flight experience
– Growing further Miles & Smiles loyalty program and increasing the number of active members
– Ranking among the top 3 airlines globally in providing the best digital experience by implementing new projects in digital transformation
• To become a sustainable airline by:
– Increasing the number of new generation aircraft in the fleet
– Increasing the consumption of sustainable aviation fuel
– Expanding the number of LEED certified buildings to boost renewable energy usage
– Becoming a "Carbon Neutral" airline by 2050 through the implementation of carbon emission offsetting projects
Together with its subsidiaries, with employing more than 75,000 people, Turkish Airlines will continue to proudly fly Türkiye's national flag in the coming 10 years with its unique network, modern fleet and remarkable financial performance.
Respectfully announced to the public.