Turkey’s largest low-cost airliner Pegasus said on December 18 that it engaged in negotiations with JSC Stock Investment Fund of Venture Investments Green Invest, an investment fund based in Kazakhstan, for setting-up a joint venture investment by June 30, 2015 with the aim of conducting low cost scheduled air transportation in/from/to Kazakhstan.
Pegasus Airlines increased its consolidated net income by 118% y/y to TRY251mn (€88mn) in Q3 versus the market forecast of TRY222mn as its revenues rose by 33% y/y to TRY1.1bn. In January-September, the company’s consolidated net income rose by 45% y/y to TRY235mn and its revenues were up 33% y/y to TRY2.4bn.
The carrier served a total of 15.02mn passengers in January-September, representing a 19.4% y/y increase, according to the latest passenger traffic data provided by Pegasus. Domestic passengers rose 19.3% y/y to 9,06mn while the number of international passengers the company served showed a 19.5% y/y increase, amounting to 5.96mn people. The load factor was unchanged at 80.6% but the number of destinations flown increased to 86 in the first nine months of the year from 71 a year ago.
|Pegasus (consolidated) Financials|
Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more
Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more
The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more