Pegasus Airlines sinks to 1H net loss

Credit: Rob Finlayson
Rapidly growing Turkish low-cost carrier (LCC) Pegasus Airlines continued to slip into the red in the first half of 2014 compared to the year-ago period. It made a net loss of TL17.9 million ($8.2 million), reversed from a profit of TL44.1 million last time. Sales were up 33% at TL1.3 billion...

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