Pegasus Airlines reports net profit in 2Q2017

Pegasus Airlines reported (16-Aug-2017) financial highlights for three months ended 30-Jun-2016:

• Revenue: TRY1223 million (USD341.6 million), 53.4% year-on-year;
• Costs: TRY1182 million (USD330.2 million), +29.9%;
  • Fuel: TRY350.1 million (USD97.8 million), +52.1%;
  • Labour: TRY170.1 million (USD47.5 million), +6.9%;
• Operating profit: TRY34.6 million (USD9.7 million), compared to a loss of TRY79.5 million (USD27.4 million) in p-c-p;
• Net profit: TRY160.1 million (USD44.7 million), compared to a loss of TRY12.4 million (USD4.3 million) in p-c-p;
• Passenger numbers: 6.9 million, +17.0%;
• Load factor: 83.8%, +6.8ppt;
• Yield: TRY134.8 (USD37.7), -13.5%;
• Average stage length: 979km, -1%;
• Total assets: TRY6426 million (USD1795 million);
• Cash and cash equivalents: TRY1200 million (USD335.2 million);
• Total liabilities: TRY4784 million (USD1336 million). [more - original PR]

*Based on the average conversion rate at TRY1 = USD0.279354 for 2Q2017
*Based on the average conversion rate at TRY1 = USD0.345146 for 2Q2016