Subscribe Free
in Business & Finance

Pegasus growth in turnover and guest numbers

Posted 13 March 2017 · Add Comment

Pegasus Airlines has announced its financial and traffic results for 2016.

According to the data obtained from the General Directorate of State Airports Administration, while a decrease of 4% has been observed in the number of passengers using the airports in Turkey, Pegasus Airlines has grown its number of guests by 8.1%, achieving 24.14 million passengers in 2016. Despite the many developments that have negatively affected the aviation industry, Pegasus Airlines has managed to increase its total turnover for 2016 by 6%, corresponding to 3.7 billion Turkish Liras.

Pegasus Airlines achieved 8.7% year-on-year growth in its seat capacity in 2016 to reach 30.73 million as well as maintaining a load factor of 78.6% despite the increase in capacity and shrinkage in demand. Pegasus Airlines increased its fleet size by 22.4% to 82 aircraft in 2016, achieving a growth rate above the market average both in domestic and international flights.

Pegasus Airlines CEO Mehmet T. Nane said: “Despite the challenging conditions that negatively affected tourism and air traffic, we managed to end 2016 with operational growth. While the Turkish domestic aviation market recorded growth of 5.8% in terms of number of guests in the previous year, Pegasus achieved a growth rate of 10.7%. Unfortunately, the international flights market of our country suffered a shrinkage of 15.5%; even so, we have managed to continue to grow at a rate of 3.9%. We have continued with our investment in Turkey despite this challenging year and have raised the number of aicraft in our fleet from 67 to 82”.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Etihad Airways adds new B787 to Casablanca route

Etihad Airways is to operate its flagship Boeing 787 Dreamliner on the Abu Dhabi Casablanca route, effective 1 May 2018.

Istanbul New Airport's 'Baggage System' is ready for opening

Istanbul New Airport will use an advanced baggage system technology.

Etihad Airways celebrates Bahraini National Day with a special fare promotion

Etihad Airways is celebrating Bahraini National Day by offering up to 10 per cent discounts on flights from the Kingdom of Bahrain to 46 destinations, including those in the Indian Subcontinent, the United Kingdom, and the United

Etihad Airways introduces a range of inflight products

Etihad Airways has introduced a selection of inflight products aimed at enhancing the travel experience and providing more choice for its guests in Economy Class. The items are available for purchase on a selected number of routes to and

Leonardo standing for Kuwait Gulf Defense and Aerospace exhibition

Leonardo will participate in the fourth edition of Gulf Defense and Aerospace (GDA), the international tri-service exhibition and conference held in Mishref, Kuwait.

DAFZA completes fourth phase of 'Innovation Champions' programme

The Dubai Airport Freezone Authority (DAFZA) has honoured 22 managers, heads of departments and employees after completing the fourth phase of its 'Innovation Champions' programme.

Aviation Africa SK18418
See us at
ArabianTravelMkBT250418Global Aerospace BT28218AIME BT1204240118MEBAA BT2018Aviation Africa BT18418BIAS BT271017161118Istanbul Airshow BT 2018