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Expanding Turkish Airlines Targets 2011 Sales Boost

PCC Daily News for Pilots

January 4, 2011

Turkish Airlines, Turkey's national carrier, plans to boost its sales to USD$8 billion this year, and raise passenger numbers to 35 million, Dunya newspaper reported.

"We will operate 180-200 planes by the end of 2011. We target 27 percent growth, USD$8 billion revenue," Turkish Airlines chairman Hamdi Topcu told the newspaper.

The company's nine-month 2010 sales were TRY6.28 billion liras (USD$4.06 billion), after full-year sales of TRY7.04 billion liras in 2009, according to income statements posted on the website of the Istanbul Stock exchange.

Turkish Airlines carried 30 million passengers in 2010, undershooting the management guidance of 31 million passengers, Tera Brokers said.

"Our assumption is 33 million passengers and USD$7 billion revenues for 2011. Overall, Turkish Airlines' 2011 targets are well above our assumptions," it said.

According to Turkish Airlines' most recent data, passenger numbers rose 17 percent to 26.9 million in the first 11 months of 2010.

More information on Turkish Airlines