Pegasus Airlines’ 1Q16 turnover sees 19% y-o-y growth

Pegasus Airlines has reported its financial results for the first quarter of 2016 (1Q16), including a turnover of 691,100,801 Turkish Lire, which marks a 19% increase in comparison to the same period the previous year.
1Q16 saw Pegasus carry a total of 5.36 million passengers – an 18.6% growth year-over-year – across a total of 39,249 flights. The number of passengers flying on domestic routes in Turkey rose by 21.5% to 3.48 million, while international travellers increased by 13.7% to 1.88 million.
The carrier’s overall market share of the Turkish aviation sector on domestic routes for the quarter rose to 30.2%, while its market share of international routes from Turkey rose to 13.4%.
Pegasus’ ancillary revenue per capita increased by 16% in real terms and the airline witnessed a 38% increase in total ancillary revenue turnover compared to the first quarter of 2015. 1Q16 also saw Pegasus reduce its costs for available seats per kilometre by 11% to €3.82.
CEO of Pegasus Airlines, Mehmet Nane, declared, “During what is regarded as the quietest season in the sector, we have implemented strategies that have helped us increase our aircraft utilisation and the share of our ancillary revenue in total revenue. We’ve outlined our business strategy for the upcoming period. All our teams are well-equipped to further improve our service quality during the busy summer months.”

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