Pegasus Airlines' plans on track as profits rise 34%

Pegasus Airlines' plans on track as profits rise 34%

Turkish carrier Pegasus Airlines saw pre-tax profits rise by 34% last year as sales revenue grew by 13%.

Profit came in at 182.4 million Turkish lira while revenue hit 3.29 billion Turkish lira.

Passenger carryings rose by 13.2% year-on-year to 22.34 million, including more than 8.5 million on international routes, as an average load factor of 79% was achieved.

The airline added Gatwick to its international network last year as its total network grew to cover 103 destinations in 40 countries.

General manager, Sertaç Haybat, said: “2015 was a year in which Pegasus continued its double-digit growth despite the sluggish economy in Europe, geopolitical developments and issues with Istanbul’s infrastructure.

“We have yet again increased our market share and thereby continue the trend from previous years of growing above the sector average by growing at a rate 1.5 times faster than the sector.

“Our vision for 2016 is to continue growing our flight network and add new aircraft to our young fleet. We will start taking delivery of our 100 Airbus A320 Neo order later this year.”

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