Pegasus sees Q3 net profit reach ₺234m

During this period, there was also a 22% increase in available seat kilometres and a 19.4% increase in total seat capacity.

According to the figures announced by the Public Disclosure Platform (KAP) Turkey’s leading low-cost airline, Pegasus Airlines’ sales income rose by 33% compared to the first nine months of 2013 reaching ₺2.4 billion. Pegasus’ operational EBITDAR for the first nine months of 2014 rose by 9% compared to the same period last year, reaching ₺523.4 million.

Flying a scheduled service to 30 destinations in Turkey and 56 in the rest of the world, with a total network of 86 destinations in 36 countries, Pegasus continued to expand its flight network and capacity. In the first nine months of 2014, Pegasus added 11 new international destinations to its network including Bahrain, Budapest, Frankfurt, Geneva, Hamburg, Hurghada, Kuwait, Madrid, Mineralnye Vody, Prague and Sharm El Sheikh.

In the first nine months of 2014, the number of guests flying with Pegasus increased by 19.4% to reach 15 million. The load factor on domestic routes reached 80.6% on domestic and international routes combined, while Pegasus' share of the domestic market rose to 28.2%. During the same period, Pegasus’ available seat kilometres (ASK) rose by 22%, while the total number of available seats increased by 19.4%.

Commenting on Pegasus’ focus on operational efficiency in the first nine months of 2014, Pegasus Airlines CEO Sertaç Haybat said: “With our rapidly expanding network and increasing guest numbers, we will continue to break new ground in the next quarter. 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.”