Pegasus' 2013 profit up 41%

Pegasus’ Operational EBITDAR rose by 36% in 2013, while in the same year, the number of guests transported reached 16.8 million guests and blended passenger load factor reached 80.2%.

In 2013 Pegasus launched 13new destinations and flew 16.8 million passengers. Its operating profit increased by 28% to reach 258 million Turkish Lira. Having carried 16.8 million guests in 2013, Pegasus' Operational EBITDAR reached 533.5 million Turkish Lira while its EBITDAR margin increased by 22.3%.

Extending its flight network with 13 new destinations in 2013, Pegasus increased its domestic market share from 25.7% to 26.9% and its international market share from 8.1% to 9%. On domestic flights 27 out of every 100 passengers flew with Pegasus.

Pegasus’ blended load factor reached 80.2% and average guest numbers per cycle reached 149.

Having launched 13 new destinations in 2013, comprising of seven Turkish domestic and six international routes, Pegasus extended its flight network such that it reached 76 destinations in 30 countries by the end of 2013; translating to 23.3% YoY growth in the number of guests travelling on its domestic Turkish routes and 24.8% YoY growth in the number of international guests. By increasing the average number of its guests on a single flight to 149 in 2013; and by continuing to make effective and efficient use of its fleet, Pegasus has increased its average daily aircraft utilisation to 12.6 block hours.

Load factors reached an average of 80.2% in 2013 across all domestic Turkish and international flights. Between 2005 and 2013, Pegasus flew 42.3 million passengers, translating to 72% of its total guests, to their destinations for under 100 Turkish Lira and 15.1 million guests, that is, 26% of its total guests, for under 50 Turkish Lira. In 2013, an average of 90.24% of Pegasus’ flights departed on-time.

Sertaç Haybat, Pegasus Airlines General Manager, announced: "We have continued our sustained growth in 2013, reflecting our position not just as the fastest growing airline in Turkey in recent years, but also in Europe.

"From 2007 to 2013 Pegasus achieved an average annual growth rate of 27% for domestic flights against a sector average of 16 per cent. In 2013, 27 people out of every 100 in Turkey travelled to their domestic destinations with Pegasus; and in total 16.8 million guests on domestic and international destinations were able to experience the next-generation in travel with us. By providing our guests with the opportunity to design their flights in accordance with their preferences we also provided them with the opportunity of enriching their travel experiences.

"Meanwhile, our ever-expanding flight network has presented our guests with new destinations to discover and so we have continued to offer them the opportunity to travel at affordable prices. We owe our low fares to our operational productivity and our young fleet. Pegasus is not only one of the most popular airlines in Turkey for its implementation of the low cost model; but also within Europe.

"In order to continue the growth we achieved in 2013 into 2014, we will continue to create new opportunities to ‘fly and go’ for our Pegasus guests with our new destinations and increasing flight frequencies."