Pegasus 3Q net profit soars as tourists return to Turkey

Credit: Rob Finlayson
The resurgence of the Turkish tourism industry helped LCC Pegasus Airlines’ 2017 third-quarter net profit more than double to TRY538.5 million ($139.6 million) from TRY246.2 million in 3Q 2016.Revenues for the quarter were up 50% to TRY2.1 billion.Pegasus noted it had achieved the higher profit...

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