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Pegasus Airlines had the highest operational profitability in the world in 2022......

Güliz Öztürk, CEO of Pegasus Airlines: "With our strong performance in 2022, we became the airline with the highest operational profitability in the world"


Pegasus Airlines held a press conference on Tuesday 6 June 2023 as part of the 79th IATA General Assembly and World Air Transport Summit, hosted by Pegasus. Presenting the latest developments at Pegasus plans for 2023 and future goals, Güliz Öztürk, CEO of Pegasus Airlines, said: "We started 2022 operationally and financially well-prepared and became the airline with the highest operational profitability in the world with our performance. In the first quarter of 2023, we maintained our strong performance despite the hardships we experienced in Türkiye. This successful performance also led to an increase in our credit rating.”

Assessing the year 2022, which began and continued under challenging conditions, Güliz Öztürk, CEO of Pegasus Airlines, said: "2022 was a year in which we achieved significant success thanks to the rapid increase in travel demand, especially in the summer season. In line with our expectation that travel demand may pick up with strong momentum after the easing of restrictions, we kept our operational network and colleagues in all our business units ready to meet the potential demand and increased our capacity to meet the rise in demand." Öztürk continued: "In 2022, we increased our total number of guests by 34% to 26.9 million. Compared to the previous year, the number of guests on our international routes increased by 96%, a much better performance than the overall market. We increased our revenue by 139% to 2.45 billion euros. Compared to 2019, the last normal year, our revenues increased by 41%. Compared to 2019, our total ASK capacity increased by 8% and international capacity by 23%. Our EBITDA margin reached 34.1% at the end of the year, the best performance in the world for this metric. Our net profit for the year was 431 million euros.

"We are pleased with the momentum we have achieved ahead of the peak summer season." 


Commenting on the first months of 2023, Güliz Öztürk said: "We started 2023 under challenging conditions due to global macroeconomic concerns, and subsequently as our country, unfortunately, experienced a major earthquake disaster. We are also in the midst of a period where global inflationary pressures are causing challenges with planning. As Pegasus Airlines, in the first four months of 2023, we have increased our capacity by 32% and the number of our guests by 31% compared to last year. International passenger numbers were up 43% and we are pleased with this momentum ahead of the peak summer season. We aim to continue to develop and improve our key operational and financial performance results in 2023. 


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This post first appeared on Air101, please read the originial post: here

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Pegasus Airlines had the highest operational profitability in the world in 2022......

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