Loading
16-May-2018 3:35 PM

Pegasus Airlines losses narrow in 1Q2018

Pegasus Airlines reported (15-May-2018) the following financial highlights for the three months ended 31-Mar-2018:

  • Revenue: TRY1195 million (EUR278.6 million), +34.9% year-on-year;
  • Costs: TRY1342 million (EUR312.9 million), +21.2%;
    • Fuel: TRY438.8 million (EUR102.3 million), +34.8%;
  • Operating profit (loss): (TRY132.2 million) (EUR30.8 million), compared to a loss of TRY202.1 million in p-c-p;
  • Net profit (loss): (TRY114.7 million) (EUR26.8 million), compared to a loss of TRY206.4 million in p-c-p;
  • Total assets: TRY9103 million (EUR2123 million);
  • Cash and cash equivalents: TRY2054 million (EUR479.0 million);
  • Total liabilities: TRY6584 million (EUR1535 million). [more - original PR]

*Based on the average conversion rate at TRY1 = EUR0.233197

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More