Pegasus Airlines reports third quarter profit exceeding expectations

Pegasus Airlines announced its third quarter 2026 financial results, reporting a net profit of 205 million euros, which surpassed market expectations of 160 million euros. The company's revenue for the period rose 19% year-on-year to 1.3 billion euros, exceeding the 1.2 billion euro market forecast.

Despite the quarterly profit, the company reported a net loss of 40 million euros for the first nine months of 2026, compared to a net profit of 286 million euros during the same period last year. This decline is attributed to rising costs, specifically fuel prices which increased by 85% compared to the third quarter of 2025. While total costs rose by 25%, the company managed to limit fuel expense increases to 61% through hedging positions.

Operational data shows that the number of passengers served reached 13.1 million, a 7% increase from the previous year, though the load factor decreased slightly to 88.2% from 89.2%. Ancillary income per passenger reached a historic high of 32.9 euros.