Pegasus reports net profit exceeding expectations in the second quarter

Pegasus Airlines achieved a net profit of 3.9 billion TL in the second quarter. The average expectation was around 2.3 billion TL.

Pegasus Airlines reported a net profit of 3 billion 997 million TL for the second quarter of 2024, exceeding expectations.

According to the announcement made by the company on the Public Disclosure Platform (KAP), the company reported a total profit of 496 million 187 thousand TL for the period from January 1, 2024, to June 30, 2024.

In the first 6 months of 2023, the company reported a profit of 1 billion 326 million TL. Thus, the company's net profit decreased by 63% compared to the same period the previous year.

The company's revenue increased by 84% compared to the same period last year, while its operating profit rose by 67%.