Pegasus’ 1H16 revenue grows 5% year-over-year

Pegasus Airlines has recorded 1.489 billion Turkish lira (TL) in revenue for the first half of 2016 (1H16), a 5% increase in comparison to the first half of the previous year.
Across 1H16, the carrier recorded an EBITDAR of 28.08 million TL, with a particular boost coming from a 27% growth in ancillary revenue and a 9% reduction in cost per available seat kilometre to 3.78 cents.
During the first seven months of 2016, Pegasus increased the number of passengers it carried by 8.8% to 13.46 million – 8.61 million of which embarked on domestic routes and 4.84 million of which travelled on international routes, marking a 13.1% and 2.1% growth respectively.
The number of flights operated by the airline in 1H16 rose by 11.9% to reach 94,997.
Mehmet Nane, CEO of Pegasus Airlines, commented, “Despite the challenging conditions the tourism sector has experienced in 2016, we at Pegasus never wavered from our growth targets or the belief in our country, working harder than ever to ensure that, despite the fall in demand on some of our routes, we achieved robust growth in our key target areas including for overall guest numbers, number of flights and turnover.
“Our results are even more significant given the backdrop of the issues our sector has faced in the first half of the year. In July, we took the delivery of the first of our landmark 100 Airbus order and became the first operator in the world to launch CFM’s Leap series engine with our new A320neo aircraft,” Nane concluded.

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