Turkish Airlines Q1 traffic down 8%

Turkish Airlines carried 13m passengers in Q1, down 8% compared to 14.2m passengers in the year-ago quarter. Domestic traffic fell 2.9% and international traffic decreased 11.8% year-over-year in the Q1. The carrier said ASKs dropped 7.8% YOY to 36.3b from 39.4b during the January-March period. RPKs were down 7.3% YOY to 26.9b, producing a load factor of 74.2%, up 0.4 points. Passenger aircraft movement also decreased 9.6% YOY to 97,506. However, by the end of Q1, the number of aircraft increased to 337 from 306 in the year-ago quarter. The number of widebody aircraft rose from 76 to 90; narrowbody aircraft grew from 220 to 234; and cargo aircraft went up to 13 from 10. Turkish Airlines deputy chairman & CE Bilal Eksi said recently the airline had no plans to cancel any new aircraft orders. <br/>
ATW
http://atwonline.com/airline-traffic/turkish-airlines-1q-traffic-down-8
5/3/17
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