Pegasus increases its Earnings before Tax (EBT) by 34% in 2015
Announcing its financial results for 2015, Pegasus Airlines disclosed a 13% increase in its sales revenue compared to 2014 to reach 3.49 billion TL. Pegasus’ earnings before tax, interest, amortization and rental costs (EBITDAR) rose to 679 million TL, growing by 13% year-on-year. The number of guests carried in 2015 also grew by 13% year-on-year, driving up to 22.34 million guests.
LONDON (9 March 2016) --- Pegasus Airlines has announced its financial results for 2015. According to figures released by the Public Disclosure Platform (KAP), Pegasus’ earnings before tax (EBT) in 2015 rose by 34% from the previous year to 182.4 million TL. In 2015, Pegasus carried 22.34 million guests translating to a 13.2% year-on-year increase.
Pegasus increased its seat capacity to 28.26 million in 2015, translating to a 14.5% year-on-year increase, and achieved an average load factor of 79%. In 2015, the number of guests carried by Pegasus grew by 13.2% year-on-year, flying a total of 22.34 million guests comprised of 13.81 million guests flying on domestic routes in Turkey, which monitored an increase of 15.4% compared to the previous year; while the number of guests flying on international routes reached 8.52 million, rising by 9.8% compared to 2014. Pegasus thus grew 1.1 times faster than the Turkish market average on Turkish domestic routes, increasing its market share to 28.3%; and 2.1 times faster than the Turkish market average on international routes, increasing its market share to 9.8%.
Commenting on the announcement of the financial results, Pegasus Airlines General Manager Sertaç Haybat said: “2015 was a year in which Pegasus continued its double-digit growth despite the sluggish economy in Europe, geopolitical developments and issues with Istanbul’s infrastructure. We have yet again increased our market share and thereby continue the trend from previous years of growing above the sector average by growing at a rate 1.5 times faster than the sector. Flying 22.34 million guests in 2015, we gave our guests the inspiration to personalise and diversify their travel experiences and the affordable means to do so.
Our vision for 2016 is to continue growing our flight network and add new aircraft to our young fleet. We will start taking delivery of our 100 Airbus A320 Neo order later this year. In 2016 we will continue to inspire our guests to shape their own journeys and enrich their travels with new experiences without spending on unwanted costs.”
In 2015, Pegasus Airlines added Erbil, Kutaisi, London Gatwick, Oslo and Zaporizhia to its international routes; and Kars, Kastamonu and Ordu-Giresun to its domestic routes in Turkey; expanding its scheduled network to 33 destinations in Turkey and 70 in the rest of the world, bringing the total to 103 destinations in 40 countries.
Pegasus Airlines launched its first charter flights in 1990 and has been owned by ESAS Holding and has been performing its scheduled flights since 2005. It is Turkey's leading low-cost carrier offering economically priced point-to-point and transit flights to Europe, the Caucasus, Russia, the CIS countries, Middle East and North Africa. Founded with the mission that everyone has the right to fly, Pegasus offers its guests affordable, on-time flights and the newest aircraft under the auspices of its low-cost model. Pegasus Airlines flies a scheduled service to 33 destinations in Turkey and 70 in the rest of the world, bringing its total network to 103 destinations in 41 countries.
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