Fast-growing Turkish Airlines (THY) hopes to lift revenues to $9.7 billion and passenger numbers to 46 million in 2013 after detailing its targets for the next 12 months.
The Star Alliance carrier has been growing revenues at around 25% over recent years. It generated revenues of $7.1 billion in 2011 and its revenues were growing 20% at the halfway stage of this year.
THY, which carried 32.6 million passengers in 2011, has already lifted this to 35.9 million after 11 months of this year as passenger numbers are growing at just under 20%. It expects this to reach 46 million by the end of next year, including 17.7 million domestic passengers and 27.3 million from international services.
THY, which outlined the targets in a statement to the Istanbul stock exchange, expects fuel costs in 2013 to reach $3.7 billion.