Pegasus Airlines Reports 19% Rise in 3Q 2024 Profit, Plans Fleet Expansion

Pegasus Airlines, a prominent low-cost carrier from Turkiye, has reported a 19% increase in net profit for the third quarter of 2024, totaling $322 million. However, despite the strong quarterly performance, the airline’s net profit for the first nine months of 2024 saw a slight decline, falling 3% to $332 million. These figures reflect Pegasus Airlines’ adaptability and focus on profitability, even amidst fluctuating economic conditions. The airline’s proactive approach to fleet expansion is also evident, with plans to add six Airbus A321neo aircraft by the end of 2024, aiming for a total fleet size of 118 aircraft.