Turkish Airlines sees moderate increase in passenger numbers in 2020

This post was originally published on this site

(Reuters) – Turkish Airlines sees a total of 78-80 million passenger in 2020, marking a moderate increase from 74.3 million last year, the flagship carrier said on Friday, boosting its shares prices.

In a statement to the Istanbul stock exchange, Turkish Airlines said it sees a load factor of 81-82%, around the same level of 81.6% in 2019. It forecast an EBITDAR margin of 23-25% and a consolidated sales revenue of $14.5-14.8 billion for 2020.

The airlines’ shares rose some 2.5% at Friday’s open, following the release of the forecasts.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment