Posted on: 12 November 2014 by Mark Howells
Figures announced by Turkey’s Public Disclosure Platform (KAP) reveal that during the first nine months of this year, Pegasus Airlines recorded impressive financial figures, including 234 million Turkish Liras (TL) in net profit and 308 million TL in operating profit.
These numbers mark a sales income rise of 33% compared with the first nine months of 2013. Pegasus’s operational earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) for the first nine months of 2014 also rose by 9% compared with the same period last year, reaching 523.4 million TL.
The first three quarters of the year saw the airline’s passenger numbers increase 19.4%, reaching 15 million. The load factor peaked at 80.6%, while the airline's share of the domestic market rose to 28.2%.During this time, Pegasus’s available seat kilometres (ASK) rose by 22%, while the total number of available seats increased by 19.4%, results of the airline launching new international routes to Bahrain, Budapest, Frankfurt, Geneva, Hamburg, Hurghada, Kuwait, Madrid, Mineralnye Vody, Prague and Sharm El Sheikh.
“With our rapidly expanding network and increasing guest numbers, we will continue to break new ground in the next quarter,” commented Sertaç Haybat, CEO of Pegasus Airlines. “We, the Pegasus family, are tremendously happy about our successes and thank our guests for their continued support. We will continue to transform aviation in Turkey together with them.”