CELEBI GROUND HANDLING 2025 AR

19 Çelebi Ground Handling 2025 Annual Report Details on the Air Passenger Market Regional Distribution - International Passenger Markets In 2025, international air traffic increased by 7.1% and capacity rose by 6.8% compared to 2024. In December, international demand increased by 7.7%, while capacity grew by 7.9%. The load factor declined by 0.1 percentage points compared to December 2024, reaching 83.9%. Asia-Pacific Airlines: International traffic increased by 10.9% in 2025 compared to 2024. Capacity rose by 10.2%, while the load factor increased by 0.5 percentage points to 84.4%. The region recorded both the fastest growth rate and the highest load factor among all regions in 2025. European Airlines: Annual traffic grew by 6.0%, while capacity increased by 5.9%. The load factor rose by 0.1 percentage points to 84.1%. Middle Eastern Airlines: Traffic increased by 6.7% in 2025 compared to 2024. Capacity rose by 5.8%, and the load factor increased by 0.7 percentage points to 81.6%. North American Airlines: Annual traffic increased by 2.1%, while capacity rose by 2.4%. The load factor declined by 0.2 percentage points to 83.9%. The region recorded the slowest growth in both traffic and capacity among all regions in 2025. Latin American Airlines: Traffic increased by 8.6% in 2025 compared to the previous year. Annual capacity rose by 10.2%, while the load factor declined to 83.6%, marking the sharpest decrease among all regions. African Airlines: Annual traffic increased by 7.8% compared to the previous year. Capacity rose by 6.5% in 2025, and the load factor increased by 0.9 percentage points to 74.9%. Although this remained the lowest level among all regions, it represented a record-high level for Africa and the strongest improvement in load factor among all regions. Domestic Passenger Markets Annual domestic demand, passenger numbers, and load factors reached record levels. Growth slowed compared to the strong recovery recorded in 2024. Brazil stood out in 2025 domestic RPK performance, recording an 11.1% increase compared to 2024. In the United States, the domestic market contracted by 0.6%. The sharpest increase in load factor was observed in Japan (+3.4 percentage points), while the sharpest decline (-1.9 percentage points) was recorded in the United States. Although India experienced a significant decline in domestic load factor (-1.2 percentage points), it nevertheless recorded the highest overall load factor at 85.2%. Air Cargo Demand The International Air Transport Association (IATA) shared data regarding air cargo demand for full-year 2025 and December 2025. Total air cargo demand (measured in cargo tonne-kilometers) increased by 3.4% compared to 2024, while international operations recorded a 4.2% increase. Capacity, measured in available cargo tonne-kilometers (ACTK), increased by 3.7% compared to November 2024 and by 5.1% for international operations. IATA stated that unit revenues declined by 1.5% year-on-year throughout the year. This decline was recorded as the most limited decrease of the past three years, driven by supply and demand balances returning to more normal levels and the gradual normalization of exceptionally high unit revenues seen during and after the COVID period. Despite competitive pressures on air cargo pricing power, unit revenues remained 37.2% above 2019 levels. In his assessment, IATA Director General Willie Walsh stated: “ Air cargo delivered a strong performance in 2025, with demand increasing by 3.4% year-on-year. Strong global e-commerce activity continued to drive volumes higher despite rising tariffs in trade relations with the United States, the removal of de minimis tariff exemptions, and ongoing policy uncertainty. ” Walsh noted that the air cargo industry adapted rapidly during this process. He stated that companies supported global businesses and supply chains by accelerating shipments ahead of the implementation of tariffs. He also emphasized that, amid stagnation in U.S.-Asia trade, the sector reshaped its operations by adapting to rising demand within Asia and between Asia and Europe.