Pegasus Airlines reports profit declines in 2015

Pegasus Airlines revenue up 13% - financial highlights for 12 months ended 31-Dec-2015:

• Revenue: TRY3488 million (EUR1159 million), +13.2% year-on-year;
• Operating costs: TRY3311 million (EUR1100 million), +16.8%;
• • Fuel: TRY1119 million (EUR371.7 million), -4.5%;
  • Labour: TRY442.6 million (EUR147.1 million), +27.2%;
• Operating profit: TRY243.5 million (EUR80.9 million), -25.0%;
• Net profit: TRY111.9 million (EUR37.2 million), -21.9%;
• Passenger numbers: 22.3 million, +13.2%;
• Load factor: 79.0%, -0.9 ppt;
• Average stage length: 990 km, +0.2%;
• Total assets: TRY4098 million (EUR1362 million);
• Cash and cash equivalents: TRY955.0 million (EUR317.3 million);
• Total liabilities: TRY2645 million (EUR879.1 million). [more - original PR - English/Turkish] [more - original PR - English]

*Based on the average conversion rate at TRY1 = EUR0.3323