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

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