CELEBI GROUND HANDLING 2023 ANNUAL REPORT

17 Çelebi Ground Handling Inc. 2023 Annual Report Details about the airline passenger market Asia-Pacific airlines recorded a 126.1% increase in international traffic for all of 2023 compared to 2022, maintaining the strongest year-over-year rate among regions. Capacity increased by 101.8% and load factor increased by 9.0 percentage points to 83.1%. December 2023 traffic increased by 56.9% compared to December 2022. Full-year traffic of European carriers increased by 22.0% compared to 2022. While capacity rose by 17.5%, load factor increased by 3.1 percentage points to 83.8%. In December, demand increased by 13.6% compared to the same month of 2022. December traffic was higher than the same month in 2019 for the first time since the beginning of the pandemic. Middle Eastern airlines recorded a traffic rise of 33.3% in 2023 compared to 2022. Capacity increased by 26.0% and load factor augmented by 4.4 percentage points to 80.1%. There was an increase of 16.6% in December compared to the same month of 2022. North American carriers report annual traffic growth of 28.3% in 2023 compared to 2022. Capacity increased by 22.4% and load factor increased by 3.9 percentage points to 84.6%. December 2023 traffic increased by 13.5% compared to the previous year. Latin American airlines recorded a traffic increase of 28.6% in 2023 compared to the whole year 2022. While annual capacity rose by 25.4%, the load factor increased by 2.1 percentage points to 84.7%. This was the highest rate among regions. December demand increased by 26.5% compared to December 2022. Annual traffic of African airlines increased by 38.7% in 2023 compared to the previous year. While the capacity rose by 38.3% in the whole of 2023, the load factor increased by 0.2 points and recorded the lowest level among the regions with 71.9%. African airlines’ traffic in December 2023 increased by 9.5% compared to December 2022. China’s full-year domestic traffic increased by 138.8% compared to 2022 and was 7.1% above the 2019 level. Australia (-4.2% compared to 2019) and Japan (-3.2% compared to 2019) are the only major domestic markets that have yet to recover pre-pandemic traffic demand. In Turkey… In the January-December period of 2023 in Turkey, domestic commercial aircraft traffic increased by 19.32% and international commercial aircraft traffic increased by 15.81% compared to the same period of the previous year. According to these results, the increase in total commercial aircraft traffic was 17.64%. January-December 2023 Activities and Performance A total of 94,744 flights were serviced by the Company in the Turkish market during January-December 2023 period, corresponding to a 17.6% year-on-year increase over the 2022 figure which was 80,534 flights. Our subsidiary, Çelebi Airport Services India Private Limited (formerly known as Çelebi Ground Handling Delhi Private Limited), which started to provide services at the Indira Gandhi International Airport in Delhi, India from June 2010, served 35,723 flights at the Delhi, Ahmedabad, Kochin, Bangalore, Goa and Hyderabad stations in the January-December 2022 period. In the January-December 2022 period, the number of flights served fell to 35,327 registering a 1.1% decrease. With the addition of Chennai to our Mumbai, Delhi, Ahmedabad, Kochi, Bangalore, Hyderabad, Goa and Kannur stations that we serve in India, our total number of stations in this country has reached 9. Our Celebi Delhi Cargo Terminal Management India Pvt. Ltd. subsidiary has been providing cargo warehousing and handling services in 77,000 m 2 of space at Delhi International Indira Gandhi Airport since November 2009. While the company had handled 366,897 tons of cargo in 2022, the same rose by 16.9% to 441,700 tons in the January-December 2023 period.