Pegasus Airlines has announced its financial results for the second quarter of 2025. Despite challenging macroeconomic and geopolitical conditions, the company achieved robust growth, recording €876 million in revenue — a 15% increase compared to the same period last year.
Net profit for the period stood at €122 million, marking a 9% rise year-on-year. EBITDA reached €252 million, with an EBITDA margin of 29%.
Passenger and Capacity Growth
Total passenger numbers rose by 14% to 10.7 million. International passenger traffic recorded a strong growth of 18%. Available Seat Kilometres (ASK) increased by 17% to 19.9 billion. The load factor was recorded at 86.4%.
Expanding Fleet and Network
As of 30 June 2025, Pegasus’ fleet consisted of 124 aircraft, with new-generation aircraft accounting for 88% of the total. The fleet is expected to reach 127 aircraft by the end of 2025. This year, the airline has added new international destinations including Algiers, Graz, Bristol, Basel, Baku, and Dubai.
Balancing Costs and Revenue
While CASK (unit cost) remained flat, ex-fuel CASK increased by 12%. Unit fuel cost dropped by 20%, easing cost pressures. Ancillary revenue per passenger rose by 6% to €29.7.
2025 Guidance Revised
Pegasus has raised its total ASK growth forecast for 2025 to 14–16%, while revising its EBITDA margin guidance to 26–27%. The company anticipates a mid-single-digit decline in RASK (unit revenue) and a low-single-digit drop in CASK.
Sustainability and Awards
In 2025, Pegasus increased its Corporate Governance Rating to 98.2%, ranking among the highest scores on Borsa İstanbul.
