CELEBI GROUND HANDLING 2025 AR
18 Çelebi Ground Handling 2025 Annual Report Members of our Company’s Board of Directors do not have any loans carried over from 2023. No loan advances were given to members of the Board of Directors in the January-December period of 2024. In the January-December period of 2024, total TL 150,000 loan advances were given to our Company’s managers and these advances are fully paid back as of year-end. So, Company managers do not have any loan advance balance. There are no loans made by the Company to its Board members or managers whose terms have been extended or otherwise improved; no sums have been lent to them as personal loans through third parties; neither have they been granted any form of surety such as guarantees etc. on their behalf. III - THE COMPANY’S ACTIVITIES AND MATERIAL DEVELOPMENTS IN ACTIVITIES 6. THE RELEVANT SECTOR, 2025 ACTIVITIES AND PERFORMANCE Civil Aviation Industry Global Passenger Demand In the World… The International Air Transport Association (IATA) has shared with the public the global passenger demand data for the year 2025 and the period of December 2025. Annual Overall Performance: As of 2025, total passenger traffic (measured as Revenue Passenger Kilometers) increased by 5.3% compared to 2024. Total capacity increased by 5.2% on an Available Seat Kilometer (ASK) basis, while the overall occupancy rate reached 83.6%, breaking a record in annual traffic terms. International Traffic: In 2025, international traffic increased by 7.1% compared to the previous year, while capacity rose by 6.8%. The load factor reached 83.5%, increasing by 0.2 percentage points year-on-year and achieving a record-high international load factor. Domestic Traffic: In 2025, domestic traffic increased by 2.4% compared to the previous year, while capacity grew by 2.5%. The load factor stood at 83.7%, decreasing by 0.1 percentage points compared to the previous year. IATA Director General Willie Walsh’s Assessment: In his statement, IATA Director General Willie Walsh noted: “Demand for air travel increased by 5.3% in 2025. International traffic grew by 7.1%, while domestic traffic increased by 2.4%. Following the strong recovery experienced after COVID-19, this has enabled industry growth to return to levels aligned with historical growth trends. However, the strong and sustained increase in demand is making two key issues more visible: decarbonization and the supply chain.” Walsh emphasized that decarbonization will secure the sector’s long-term future growth and stated that governments whose economies benefit from aviation and whose citizens increasingly demand global connectivity must establish supportive fiscal policy frameworks to accelerate progress. He particularly highlighted the importance of creating the necessary conditions for the energy sector to scale up the production of Sustainable Aviation Fuel (SAF). Walsh also stated that supply chain challenges were among the greatest difficulties faced by airlines in 2025. While people clearly wish to travel more, airlines continue to face frustration due to unreliable delivery schedules for new aircraft and engines, constraints in maintenance capacity, and the resulting cost increases. He added that these cost increases are estimated to exceed USD 11 billion. Airlines have attempted to address demand by keeping aircraft in service longer and increasing seat occupancy on each flight. Load factors approaching 84% indicate that these measures have been effective as a temporary solution; however, the industry requires a permanent resolution. Walsh stressed the critical importance of ensuring that 2025 represents the lowest point of the supply chain crisis and that 2026 becomes a year of recovery. He noted that every new aircraft means a quieter and cleaner fleet, while also providing greater capacity and more flight options than ever before. Walsh further emphasized that the manufacturing sector’s primary objective for the new year should be to increase production in order to meet the needs of airline customers. He also pointed out that the backlog of aircraft orders exceeded 17,000 units in 2025 and stated that this backlog should be reduced in 2026. BOARD OF DIRECTORS 2025 Annual Report
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