All Pegasus articles
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NewsPegasus Airlines’ full-year operating profit slips in 2023
Turkish low-cost carrier Pegasus Airlines posted a full-year operating profit of €489 million ($530 million) in 2023, down around €100 million on the previous year.
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NewsPegasus receives first Airbus from new Toulouse single-aisle assembly line
Turkish carrier Pegasus Airlines has taken delivery of an Airbus A321neo, the first aircraft to roll off the airframer’s new final assembly line in Toulouse. The twinjet (TC-RDK) is powered by CFM International Leap-1A engines. It was flown from Toulouse to Istanbul on 27 December. Airbus assembled the aircraft from ...
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Airline BusinessPegasus plots continued growth as it prepares to pass 100-aircraft milestone
Low-cost carrier Pegasus Airlines is about to take delivery of its 100th aircraft. The passing of the landmark is not only illustrative of how far it has come since launching scheduled services in 2005, but of the rapid growth seen in the Turkish market – both before and since the pandemic. Now the challenge it is to continue this expansion.
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PodcastAirline Business Podcast: Strong financials, market ‘normalisation’ and start-up stories
Graham and Lewis look back on another strong set of quarterly results from the global airline industry, while considering whether the coming months will see ‘normalisation’ in more markets.
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Airline BusinessAirline Business performance tracker: Europe Q2 2023
Key data from the most-recent European earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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Airline BusinessMore signs of airline markets ‘normalising’ as fares soften
While airline executives are not panicking about the outlook, there have been increasing indications of passenger market ‘normalisation’ spreading to more regions, as carriers report fares softening from the highs seen in 2022
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NewsPegasus sees post-Covid travel boom ebbing after ‘strong’ second quarter
Pegasus has reinstated its strategic focus on boosting load factors and ancillary revenues as the post-Covid travel boom subsides in the second half of 2023.
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PodcastAirline Business Podcast: Summer disruption, airport noise, sustainability and award winners
Graham and Lewis discuss the operational challenges being seen in Europe and North America, as ATC issues and airspace restrictions combine with weather events and other factors.
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Airline BusinessThe Airline Strategy Awards 2023: winning stories
Alaska Airlines’ Ben Minicucci, Pegasus’ Guliz Ozturk and Singapore Airlines’ Goh Choon Phong were among those recognised at this year’s Airline Strategy Awards on 16 July in London, alongside former American Airlines chief executive Doug Parker.
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NewsTurkey’s Pegasus agrees to take another 36 A321neos
Turkish budget carrier Pegasus Airlines has disclosed an agreement to take another 36 firm Airbus A321neo twinjets. The airline says it is amending an agreement originally reached in 2012 and subsequently updated three times to cover 114 aircraft. These aircraft comprised 72 A321neos – of which 30 had been delivered ...
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Airline BusinessAirline Business performance tracker: Europe Q1 2023
Key data from the most-recent European earnings period – the January-March 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsPegasus ‘working on new aircraft order’ as Sabiha Gokcen expansion nears
Pegasus has signalled that it intends to place a new aircraft order, as its Sabiha Gokcen airport home prepares to open its second runway.
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NewsStrong yields and revenue help Pegasus narrow Q1 loss
Turkish carrier Pegasus Airlines narrowed its net loss in the first quarter to €22 million ($24 million) on record revenues for the period.
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Airline BusinessAirline Business performance tracker: Europe Q4 2022
Key data from the most-recent European earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsStrong yields drive Pegasus to profits high in 2022
Turkish carrier Pegasus Airlines jumped back to the black last year in posting a record operating profit of €633 million ($674 million) driven by a more than doubling in revenues.
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Airline BusinessAirline Business performance tracker: Europe Q3 2022
Key data from the most-recent European earnings period – the third quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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Airline BusinessPegasus chief Ozturk sets diversity example as carrier plots international growth
The Turkish budget airline’s recently appointed chief executive is passionate about improving gender diversity in the industry – and leading the operator’s international expansion
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NewsPegasus saw strong demand recovery in Q2 but weak euro hits bottom line
Turkish budget carrier Pegasus saw international capacity and traffic exceed pre-Covid levels in the second quarter of this year, as leisure demand in particular “outpaced initial expectations”. That development helped the carrier to a €28 million ($28.5 million) operating profit for the three months to 30 June, Pegasus said on ...
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NewsNew Pegasus chief hails tourism rebound and ‘game-changing’ A321neos
Turkish budget carrier Pegasus is on track to reach pre-Covid capacity levels for the full year amid strong demand for inbound tourism, according to the airline’s new chief executive Guliz Ozturk.
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Airline BusinessAirline CEO changes in 2022 dominated by appointment of women and upheaval in India
The global airline executives gathering in Doha for this year’s IATA AGM will reflect recent trends including better gender diversity among incumbents and big changes at Indian carriers