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 is preparing to raise its debt limit for the first time since 2009 after first-half borrowing left the Treasury near its legal ceiling, Bloomberg reported on July 25. Citing a person with ... more
Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more
Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more