Pegasus Airlines- Statistics & Facts
Pegasus' financial performance
The coronavirus outbreak significantly impacted global airlines, regardless of their business models, and Pegasus Airlines was no exception. Between 2019 and 2020, the passenger traffic of the Turkish low-cost carrier experienced a decline of 52 percent. Even though, that year, the operating expenses dropped to 6.52 million euros, it still couldn’t narrow down the decreasing trend in the company's financial accounts. Nonetheless, in subsequent years, financial accounts commenced to recover following the relaxation of travel restrictions imposed by global governments. In 2022, the company's revenue amounted to nearly 2.45 billion euros, significantly higher than the 629 million euros recorded in 2020.
Turkey's most on-time airlines
As of 2022, Pegasus Airlines was one of the most punctual low-cost carriers worldwide, with 75.07 percent of all flights departing less than 15 minutes later than scheduled. This score was lower than Eurowings' 95 percent on-time performance, the highest recorded that year. According to the Statista survey conducted in August 2022 in Germany, 44 percent of the respondents were aware of Pegasus Airlines; among them, 23 percent favored flying with low-cost airlines. The same survey conducted in the United Kingdom revealed that 27 percent of those surveyed were already familiar with the name Pegasus Airlines.