Investor Presentaiton
Competitive Cost Base
Ex-Fuel CASK1
(USC)
9M'23 Network Airlines
Average 7.8 USC
We have one of the lowest ex-fuel unit costs among our peers
■9M'23 9M'19
7.2
7.2
-35%
7.0
6.1
5.4
5.2
5.0
4.7
4.7
8.4
7.1
74
9.9
9.6
9.3
(9M'23 vs. 9M'19)
Turkish Airlines
Singapore
IAG
AF-KLM
American
Delta
Lufthansa G.
Passenger Capacity (ASK¹)
+25%
-13%
-5%
-7%
-3%
-3%
-18%
Number of Aircraft
+25%
-3%
4%
-1%
-3%
2%
Number of Personnel
+41%
-16%
4%
-10%
1%
-5%
-6%
-15%
During the pandemic, we continued to invest in our fleet
and workforce while preserving our unit cost advantage.
TURKISH AIRLINES
A STAR ALLIANCE MEMBER
1 Ex-fuel CASK: Total Costs Excluding Fuel/Available Seat Kilometers (ASK).
Source: Company reports.
Doing so, allowed us to capitalize on surging passenger
demand and capture significant market share profitably.
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