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

Operations from the ground up

Keith Mwanalushi looks at the expansion of ground support operators and equipment in the Middle East region as the pressure mounts to remain competitive and maintain commercial viability.

Emirates announces A380 service to Nice and adds Monaco transfers by helicopter

Emirates Airlines has launched a daily A380 service to Nice, gateway to the French Riviera and Provence. The daily A380 service will start on July 1, 2017.

Etihad Airways and Norlands celebrate the 2000th Flying Nanny

Etihad Airways has celebrated the graduation of its 2000th Flying Nanny, continuing its relationship with Norland, the respected UK-based higher education college which specialises in 'early years' education.

UK bans passengers from Queen Alia Airport from carrying laptops, tablets and large phones

The UK authorities issued new rules that ban passengers on flights from Queen Alia International Airport and other airports in the region departing to London from carrying laptops and tablets in the aircraft cabin, in addition to the

Emirates expects busy spring break travel period

Emirates expects high passenger traffic on its flights this upcoming weekend starting from Thursday 23rd March as travellers head abroad for spring and holiday break. Over 89,000 travellers will be passing through Emirates Terminal 3

Qatar Airways welcomed Orbis Flying Eye Hospital to Doha

Qatar Airways welcomed Orbis Flying Eye Hospital to Doha with an official reception at Doha International Airport (DIA).

TAA SK 12MTHS16
See us at
Aeropodium BT2802240417Kuwait APADS BT1602270317EBACE17 BT0103240517