Pegasus Airlines predicts cautious recovery in 2017, better 2018
Pegasus Airlines is forecasting a cautious recovery this year, but expects real growth from 2018. Pegasus experienced a difficult 2016, with the combination of geopolitical events and terrorist attacks within its home country, leading to a sharp downturn in tourism. However, the LCC still succeeded in increasing passenger numbers by more than 8% to 24.1m, but posted a loss of TL136m (US$36.4m). “Despite all the challenges of the past year, we achieved operational growth in 2016 and we are hopeful for 2017, but the real growth will come in 2018 and beyond,” CE Mehmet Nane said April 10. “While the international flight market shrank by 15.5% we recorded growth of 3.9%,” he added. Fleet utilisation averaged 12 hours daily. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-12/unaligned/pegasus-airlines-predicts-cautious-recovery-in-2017-better-2018
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Pegasus Airlines predicts cautious recovery in 2017, better 2018
Pegasus Airlines is forecasting a cautious recovery this year, but expects real growth from 2018. Pegasus experienced a difficult 2016, with the combination of geopolitical events and terrorist attacks within its home country, leading to a sharp downturn in tourism. However, the LCC still succeeded in increasing passenger numbers by more than 8% to 24.1m, but posted a loss of TL136m (US$36.4m). “Despite all the challenges of the past year, we achieved operational growth in 2016 and we are hopeful for 2017, but the real growth will come in 2018 and beyond,” CE Mehmet Nane said April 10. “While the international flight market shrank by 15.5% we recorded growth of 3.9%,” he added. Fleet utilisation averaged 12 hours daily. <br/>
