Pegasus Airlines announces 2026 third-quarter financial results
In the third quarter of 2026, Pegasus increased its revenue by 19 percent year-on-year to 1.3 billion euros. Surpassing market expectations, the company recorded a net profit of 205 million euros, although it experienced a contraction in profit margins due to rising costs.
Pegasus Hava Taşımacılığı A.Ş. has announced its financial results for the third quarter of 2026. The company's revenue reached 1.3 billion euros, a 19 percent year-on-year increase, exceeding the market expectation of 1.2 billion euros.
The number of passengers served by the company in the third quarter reached 13.1 million, a 7 percent annual increase, while the load factor decreased from 89.2 percent to 88.2 percent. Ancillary revenue per passenger reached a historical high of 32.9 euros.
Rising energy costs impacted operational performance; total costs increased by 25 percent. The 85 percent rise in fuel prices was limited to 61 percent through hedge positions, keeping it at the 407 million euro level.
EBITDA reached 404 million euros, exceeding the expectation of 363 million euros with a 2 percent annual increase, but the EBITDA margin contracted by 510 basis points to 30.7 percent. The company, which recorded a net profit of 205 million euros for the period, posted a total net loss of 40 million euros for the first nine months of the year.
Sources
- bloomberght.com · Link