2003 Annual Report - Turkish Airlines

In an effort to meet cargo demands to North Americanand certain destinations in Europe where the cargocapacity of Turkish Airlines’ passenger aircraft did notsuffice, Turkish Airlines leased cargo aircraft on an ACMIbasis and carried 7,267 tons of cargo to Frankfurt andMaastricht. Furthermore, the Corporation signed acapacity lease contract with Atlas Air, a cargo companybased in the USA and carried 1,581 tons of extra cargoon the Amsterdam-Istanbul-Amsterdam-New York route,thereby achieving a total of 8,848 tons carried bycargo aircraft.With the addition of 4,899 tons of mail, the total of mailand cargo reached 124,403 tons in 2003.The most frequent cargo destinations in 2003, in order offrequency and tonnage were New York, Frankfurt,London, Maastricht and Tel Aviv.In 2003, Turkish Airlines’ cargo income amounted to US$161.6 million; US$ 7.1 million of which was for domesticand US$ 154.5 million for international cargo. (*)With the addition of US$ 5.4 million of mail revenue,total cargo and mail revenue reached US$ 167 million.Turkish Airlines Cargo is the market leader with regard todomestic cargo and in 2003 it served 50% of the entirecargo market in Turkey.Breakdown of Cargo by TonsBreakdown of Cargo by RegionsCargo Aircraft 6% Passenger Aircraft 94%North America 13% North Africa 1%The Middle East 10%The Far East 25% Europe 51%(*) Cargo income has been calculated based on the yearly average of US$ exchange rates.18