2003 Annual Report - Turkish Airlines

SUMMARY OF ANNUAL RESULTS 2003-2002(ACCORDING TO UNIFORM ACCOUNTING SYSTEM)FINANCIAL RESULTS(TL Millions)03/022003 2002 Change (%)REVENUESTicket revenues 1,866,713,503 1,711,743,688 9.1Excess Baggage Revenues 15,762,108 13,529,606 16.5Mail Revenues 8,067,382 8,679,421 (7.1)Cargo Revenues 241,791,442 225,513,198 7.2Charter Revenues 42,562,403 37,479,129 13.6Pilgrimage Revenues 84,405,610 39,800,659 112.1Other Revenues 131,539,947 134,873,731 (2.5)Income and Profit From Other Operations 260,294,470 196,467,307 32.5Extraordinary Revenues and Profits 45,769,987 24,093,063 90.0TOTAL REVENUES 2,696,906,852 2,392,179,803 12.7EXPENSESDirect Operating Expenses 701,609,195 620,190,679 13.1Passenger Service Expenses 141,580,102 130,058,124 8.9Direct Maintenance Expenses 190,072,868 196,046,701 (3.0)Manufacturing Overhead Expenses 665,711,354 712,471,320 (6.6)Marketing Sales & Distribution Expenses 377,650,505 365,550,181 3.3General Administrative Expenses 132,247,178 128,095,531 3.2Other Operating Expenses 223,934,191 131,755,070 70.0Financial Expenses 2,223,214 249,208 792.1Extraordinary Expenses and Losses 9,368,673 7,961,281 17.7TOTAL EXPENSES 2,444,397,281 2,292,378,095 6.6Profit (or Loss) 252,509,571 99,801,708 153.0Taxes and Statutory Obligations (78,990,691) (32,398,092) 143.8NET PROFIT/LOSS 173,518,880 67,403,616 157.4TRAFFICAvailable Seat-Kms 24,039,592,530 24,071,004,377 (0.1)Revenue Passenger-Kms 16,112,677,971 16,593,898,265 (2.9)Number of Revenue Passengers 10,420,116 10,382,909 0.4Cargo Carried (Tons) 117,923 118,587 (0.6)Passenger Load Factor (%) 67 69 (2.9)Hours Flown 240,069 242,506 (1.0)Number of Landings 100,807 102,607 (1.8)Kms Flown 137,392,371 138,056,860 (0.5)Post Carried (Tons) 4,899 5,999 (18.3)AVERAGE VALUES FOR ALL FLIGHTS(PASSENGER AIRCRAFTS)Average Number of Revenue Passengers per Aircraft 153,237 152,690 0.4Average Daily Flight Time per Aircraft 10:12 10:06 1.0Employees per Aircraft 164 168 (2.4)Passengers Carried per Flight 103 101 2.0Passengers per Employee 927 924 0.3Average Speed (Km/Hour) 572 569 0.5Average Flight Distance (Km.) 1,363 1,345 1.339