Pegasus Airlines revenue 2023| ��ƽ��

Revenue of Pegasus Airlines from 2018 to 2023 (in million euros)

Characteristic	Revenue in million euros
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Release date

2024

More information

Region

Europe, Turkey

Survey time period

2018 to 2023

Special properties

From the 1st of January to the 31st of December.

Supplementary notes

Figure prior to 2022 were taken from previous versions of the report.
Figures have been rounded.

Citation formats

Pegasus Airlines, a Turkish low-cost carrier, demonstrated remarkable financial resilience in 2023, generating revenue of approximately *** billion euros. This figure represents a significant recovery and growth from the pandemic-induced slump in 2020, when revenue plummeted to *** million euros. The airline's robust performance reflects broader trends in Turkey's aviation sector, which has seen a strong rebound in passenger numbers and air freight volumes.

Passenger growth and fleet expansion

The revenue surge aligns with Pegasus Airlines' increased passenger traffic. In 2023, the airline carried roughly ** million passengers, marking a new peak and a substantial recovery from the million passengers recorded in 2020. To accommodate this growth, Pegasus expanded its fleet to *** aircraft in 2023, with A320 planes comprising the largest share at ** units. This fleet expansion has positioned the airline to capitalize on the growing demand for air travel in Turkey and beyond.

Turkish aviation sector recovery

Pegasus Airlines' success is part of a broader recovery in Turkey's aviation sector. In 2023, Turkish airports handled a record *** million international passengers, rebounding strongly from the pandemic-induced decline. The air freight sector also showed improvement, with Turkish airports handling *** million metric tons of freight in 2023, the majority being international cargo.