All Pegasus articles
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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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Analysis
Airline 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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News
Strong 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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In depth
Airline 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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Interview
Pegasus 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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News
Pegasus 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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News
New 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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Analysis
Airline 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
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News
Ozturk to succeed Nane as Pegasus Airlines chief executive
Pegasus Airlines’ chief commercial officer Guliz Ozturk will step up to lead the airline from 1 May, with current chief executive Mehmet Nane moving to a boardroom role.
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News
Busy Ryanair stops Eurocontrol flight numbers falling below ‘low’ scenario in early February
The number of flights in European airspace is tracking Eurocontrol’s ‘low’ scenario so far in February, despite Ryanair operating above pre-pandemic levels, as the region’s response to the Omicron variant of Covid-19 hits the recovery trajectory.
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News
Chief of low-cost airline Pegasus to chair IATA board after 2022 AGM
The transition will continue a period during which the role has been taken by the chief executive of an airline outside the group of network carriers that are traditionally the high-profile core of IATA’s membership.
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News
Pegasus sees post-lockdown demand surge but yields lagging
Turkish budget carrier Pegasus expects its operations to be cash-positive during the second half of 2021, as it reports an “encouraging recovery in demand” in domestic markets in particular.
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News
Pegasus hopeful of rebound as restrictions dent late-2020 performance
Budget carrier Pegasus Airlines saw curfews and lockdowns in Turkey dent demand towards the end of 2020, but it remains hopeful of a strong traffic rebound going into the second half of 2021.
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Analysis
Winter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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News
Pegasus talks to Airbus about changes to A320neo-family deliveries
Turkish budget carrier Pegasus has indicated that it will push back some aircraft deliveries, as it continues negotiations with Airbus regarding the A320neo-family twinjets it has on order.
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News
Russian carriers begin resuming international services
Russian operators are restarting international services after the government started clearing restoration of links with countries including Turkey, the UK and Tanzania. Aeroflot is re-opening its links from Moscow Sheremetyevo to Istanbul and London Heathrow on 1 August, both routes being served by Boeing 777s. Aeroflot’s budget sister ...
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News
Airbus engages ‘remote delivery’ initiative to transfer aircraft to customers
Airbus has started capitalising on communications technology and amended logistical procedures to enable delivery of aircraft remotely, allowing it to continue handing over jets to customers despite the restrictive measures imposed by the coronavirus crisis. Turkish budget carrier Pegasus Airlines has received three Airbus A320neo-family jets through the remote ...
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Analysis
Tourism key as Turkish carriers target growth return in 2020
A mixed picture in which tourism grew strongly but domestic traffic was sharply down lay behind the first year in a decade in which annual passenger numbers fell at Turkey’s two biggest carriers in 2019.
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News
Three fatalities confirmed in Pegasus 737 overrun accident
Three fatalities have been confirmed as a result of the overrun and break-up of a Pegasus Airlines Boeing 737-800 during its landing roll at Istanbul Sabiha Gokcen airport. Initial indications had suggested all those on board had survived the 5 February accident, during which the aircraft failed to stop ...
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News
Tailwind element present before Pegasus 737 overrun break-up
Weather data from Istanbul’s Sabiha Gokcen airport indicates rain and a strong tailwind component at the time when a landing Pegasus Airlines Boeing 737-800 overran the runway and broke up. Emergency services are attending the scene of the accident. Pegasus says injured passengers have been taken to hospital but ...
