Pegasus Airlines remains in the red in 1Q2016

Pegasus Airlines revenue up 19% - financial highlights for three months ended 31-Mar-2016:

• Revenue: TRY691.1 million (EUR212.9 million), +18.5% year-on-year;
• Costs: TRY858.0 million (EUR264.3 million), +26.9%;
• • Fuel: TRY202.1 million (EUR62.3 million), -11.1%;
  • Labour: TRY154.0 million (EUR47.5 million), +57.9%;
• Operating profit (loss): (TRY205.9 million) (EUR63.4 million), compared to a loss of TRY10.9 million (EUR3.9 million) n p-c-p;
• Net profit (loss): (TRY190.6 million) (EUR58.7 million), compared to a loss of TRY80.6 million (EUR29.1 million) in p-c-p;
• Passenger numbers: 5.4 million, +18.6%;
• Total assets: TRY3955 million (EUR1219 million);
• Cash and cash equivalents: TRY955.0 million (EUR294.2 million);
• Total liabilities: TRY2645 million (EUR815.0 million). [more - original PR]

*Based on the average conversion rate at TRY1 = EUR0.308068 for 1Q2016
*Based on the average conversion rate at TRY1 = EUR0.360624 for 1Q2015