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Company Overview


Pegasus Airlines is Türkiye's leading low-cost airline, with a fleet of 95 aircraft and an annual passenger volume of 26.9 million (2022).

Since 2005, we have become a leading player in the airline market across a network of 44 countries and 114 destinations, of which 78 are international (2022).


Financial Profile


Pegasus Airlines have enjoyed an average of 11% annual revenue growth since 2012.
Our EBITDA margin in 2022 was the highest in the industry with 34.1% while our unit cost (non-fuel cost per available seat kilometer – CASK) in 2022 at €c2.18 was the lowest in the world.


Product & Services

Our young fleet, efficient aircraft utilization, passenger numbers, and passenger loyalty are vital to our lean & efficient operations, and we keep safety at the core of our business.

Pegasus Airlines aims to provide passengers with an easy, consistent, and personalised travel experience via innovation, digital initiatives, ancillary services, and our BolBol Loyalty Program.
We thrive on an inclusive and open work environment and empower our workforce with data, know-how, and technologically advanced digital tools.

For more information on Pegasus Airlines, please refer to our published Annual Reports and Financial Statements on our Investor Relations Website.


Pegasus Airlines Sustainability Framework


Today, businesses need to take responsibility and action to help positively impact the way we live. This is only possible by adopting a different approach to how we conduct our business and the extent to which we incorporate environmental, social, and governance (ESG) factors into our business operations.

We realise the importance of measuring and reporting our operations and the value we create not only on our economic impact but also on our impact on the environment and on society. For this reason, our Board of Directors introduced our Corporate Sustainability Policy in December 2020, and we have been building an effective sustainability governance structure.

Today, our dedicated Sustainability Office is responsible for implementing our sustainability policy and our strategic sustainability targets. They are also responsible for coordinating and reporting on company-wide sustainability and ESG efforts. Our Sustainability Director (who also undertakes the role of Company General Counsel) reports directly to our CEO.

We formed a Sustainability Working Group to facilitate communication among relevant business units. Our team members are interested in sustainability and they voluntarily support our sustainability efforts. The Sustainability Working Group works alongside several Focus Groups that each carry out specific projects within their areas of expertise.

A Sustainability Steering Committee has also been formed to bring together senior management representatives and the Sustainability Director to evaluate our long-term targets and to plan and monitor the progress of work on sustainability and ESG.

The Sustainability Director is responsible for facilitating communication between the Steering Committee and the Working Group and reporting their work directly to Pegasus Airlines' CEO.

The work carried out by these functions is then passed to the Corporate Governance Committee every quarter and reported to the Board of Directors on a regular basis.

Our Corporate Sustainability Policy, opportunities and risk framework, strategic targets, key performance indicators and reporting structure are determined by the CEO, the Corporate Governance Committee, or the Board of Directors according to the governance matrix set out in our corporate procedures.

Our use of cookies

We use necessary cookies for the smooth functioning of the Pegasus Website and to improve our website performance. We also use functional cookies and publicity and third-party cookies, which are optional. Functional cookies will enable our website to remember your previous choices on the website. Publicity and third-party cookies provide you with advertisement and marketing content based on your internet use through your browser. You may enable or disable the use of optional cookies on the Pegasus Website through the choice options provided below. You may also enable or disable the use of necessary cookies by changing the settings of your internet browser. Please note that when necessary cookies are disables, some of the features of the Pegasus Website may not be available. For more detailed information about the cookies we use, see Pegasus Privacy Policy – Cookies and Digital Marketing.

Session cookies

This type of cookies is necessary for the smooth functioning of the Pegasus Website. These cookies make it possible to visit the Pegasus Website and to benefit from its features. Session cookies are used to store the information in the web pages and to avoid the need to re-enter your details.

Performance cookies

These cookies store information about how often the website is visited, any relevant error messages received, the duration of the visit and the user’s use of the website. This information is used to improve the performance of the Pegasus Website.

Functional cookies

These cookies remember the choices the user has made on the website (e.g., city and flight date selections) and facilitates the use of the website by the user. These cookies make it possible for the user to benefit from sophisticated internet features.

Publicity and third-party cookies

For using certain functions, third-party suppliers’ cookies are used on the Pegasus Website (e.g., cookies comprising sharing devices on social media on flight destinations and promotional pages). Pegasus Website also contains the cookies of the firms carrying-out advertisement tracking.

For more detailed information

For more detailed information about the cookies we use, see Pegasus Privacy Policy – Cookies and Digital Marketing.

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