2022 Results Investor Presentation
Unit Expenses
4Q'19
4Q'22 Change
(USC)
2019
2022
Change
2.07
3.11
50.5%
Fuel
2.06
3.21
55.4%
1.00
1.31
30.1%
Personnel
1.10
1.06
-3.7%
0.97
1.04
7.3%
Aircraft Ownership¹
0.98
1.00
2.6%
0.65
0.60
-7.9%
Airports & Air Navigation
0.63
0.61
-2.4%
0.52
0.54
4.5%
Sales & Marketing
0.59
0.51
-12.4%
0.43
0.46
5.9%
Ground Handling
0.43
0.46
6.3%
0.32
0.36
14.3%
Passenger Services & Catering
0.33
0.31
-7.5%
0.49
0.54
10.8%
Maintenance
0.42
0.43
1.8%
0.23
0.22
-2.9%
Other
0.20
0.20
0.9%
6.68
8.18
22.6%
CASK
6.74
7.79
15.6%
4.61
5.07
10.0%
Ex-Fuel CASK
4.67
4.58
-1.9%
5.86
7.28
24.3%
CASK2 (incl. ACTK)²
5.96
6.90
15.7%
4.04
4.51
11.6%
Ex-Fuel CASK2 (incl. ACTK)²
4.14
4.06
-1.9%
1includes Depreciation and Aircraft Rent expenses.
CASK: Total Expenses / ASK
Ex-Fuel CASK: (Total Expenses - Fuel Expenses) / ASK (Available Seat Kilometers)
CASK2: Total Expenses / ASK2*
Ex-Fuel CASK2: (Total Expenses - Fuel Expenses) / ASK2 (Adjusted ASK by available cargo tonne kilometer)
TURKISH AIRLINES
A STAR ALLIANCE MEMBER
Continuing focus on transformation in order to
reinforce cost discipline.
Enhancing capabilities of digital sales channels
to save on distribution costs.
Aiming a lean organizational structure and
downsizing.
Optimizing marketing expenses by focusing on
tactical campaigns.
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