Travel Trade Weekly, 14 January 2017, Issue 375

Page 2

MARKET UPDATE

www.traveltradeweekly.travel

TRAVEL TRADE PUBLICATIONS

Positive Growth for Turkish Airlines

MANAGING EDITOR Mary Kammitsi mary@traveltradeweekly.travel JOURNALIST Ellen Petty CONTRIBUTOR Dominique Christou Panayiotis Karanicholas Stella Alexandrou SALES & SALES SUPPORT Maria Demetriadou Magda Christou Raluca Apostolescu DESIGN & LAYOUT Elena Stylianou WEB & BUSINESS DEVELOPMENT MANAGER Savvas Kammitsis DIRECTORS Andreas Constantinides Mary Kammitsi HEADQUARTERS T.T.W. Travel Trade Weekly LTD P.O. Box 25255, Nicosia 1308 Cyprus Tel: +357 22 021607, Fax: +357 22 103670 WEBSITE www.traveltradeweekly.travel EMAILS info@traveltradeweekly.travel sales@traveltradeweekly.travel editorial@traveltradeweekly.travel WORLDWIDE REPRESENTATIVES Representative for North, South & Central America, and the Caribbean: Neil Strickland GlobeTM Tel: +19542969515, neil@globetm.com

Turkish Airlines has reported growth in various categories for the period of January – November, 2016, in comparison to the same period in 2015.

A

vailable seat kilometres in 2016 reached 157.2 billion, a 13.6 percent increase from the 140.4 billion achieved in 2015 with domestic and international figures showing a six percent and 14.7 percent growth respectively. Revenue passenger kilometre also increased 7.8 percent increase from 109.7 billion to 117.2 billion with the domestic and international lines achieving a respective growth of 4.7 percent and 7.2 percent. Emre Ismailoglu, general manager, Dubai and Northern Emirates, Turkish Airlines, commented, “Our aim for this year and for the many years to come is to continue our growth among all the categories to help maintain our customers’ satisfaction, while also showcasing our commitment to the market.”

Representative for Indian subcontinent: Faredoon Kuka RMA Media Tel: +912229253735, kuka@rmamedia.com

Carnival Cruise Line 2016 Earnings Revealed

Representative for UK & Ireland and Scandinavia: David Simpson Simpson Media Tel: +447900885456, david@simpson-media.com

MENA EXCHANGE RATES

as of

2

12.1.2017

COUNTRY

CURRENCY USD1=

Bahrain (BHD)

Dinar

0.37

Jordan (JOD)

Dinar

0.71

Oman (OMR)

Rial

0.39

Qatar (QAR)

Rial

3.64

Saudi Arabia (SAR)

Riyal

3.75

UAE (AED)

Dirham

3.67

Algeria (DZD)

Dinar

110.38

Egypt (EGP)

Pound

19.15

Iran (IRR)

Rial

32,366.72

Iraq (IQD)

Dinar

1,176.01

Kuwait (KWD)

Dinar

0.31

Lebanon (LBP)

Pound

1,508.09

Libya (LYD)

Dinar

1.40

Morocco (MAD)

Dirham

10.08

Syria (SYP)

Pound

213.98

Tunisia (TND)

Dinar

2.29

Yemen (YER)

Rial

252.15

Carnival Cruise Line denoted healthy results for the year 2016, with net income having soared along with the diluted earnings per share (EPS) in comparison to 2015.

U

S Generally Accepted Accounting Principles net income for the full year of 2016 was USD 2.8 billion, or USD3.72 billion diluted EPS, compared to 2015 at USD1.8 billion. Adjusted net income for 2016 peaked USD2.6 billion, or USD 3.45 billion adjusted EPS. Revenues for the full year 2016 reached USD16.4 billion, significantly higher than that of 2015. Arnold Donald, CEO, Carnival Corporation, noted, “We achieved the most profitable year in our company’s history as well as record fourth quarter earnings.”

14 JANUARY 2017


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