Turkish Airlines sees moderate increase in passenger numbers in 2020

• Turkish Airlines said it sees a load factor of 81-82pc, around the same level of 81.6pc in 2019.
• The airlines' shares rose some 2.5pc at Friday's open, following the release of the forecasts.

Turkish Airlines sees a total of 78-80 million passenger in 2020, marking a moderate increase from 74.3 million last year, the flagship carrier said on Friday, boosting its shares prices.

In a statement to the Istanbul stock exchange, Turkish Airlines said it sees a load factor of 81-82pc, around the same level of 81.6pc in 2019.

It forecast an EBITDAR margin of 23-25pc and a consolidated sales revenue of $14.5-14.8 billion for 2020.

The airlines' shares rose some 2.5pc at Friday's open, following the release of the forecasts.