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ISTANBUL: March 12, 2019. Pegasus Airlines has reported a 55 percent increase in turnover to US$1.5 billion in 2018 and a net profit of US$92.9 million. Passenger traffic totalled 30 million in the year, a rise of 5.0 percent to 17.7 million on domestic and 12.0 percent to 12.3 million on international routes.

Airline president CEO Mehmet Nane said: “We expanded our revenue 1.5 times, and despite rising fuel costs we managed to maintain our profitability. In short, we experienced another year in which we improved every key metric.”

pegasus airlines istanbulCommenting on prospects for 2019 he said he expected it to be another tough year. “Tourism made a major contribution in 2018 and we expect this to continue in 2019. We strongly believe that the aviation sector is an important one in terms of benefiting from stormy waters, both for our country and our company. For this reason, 2019 is another potential year of growth for us.”

Pegasus will take delivery of another 11 Airbus this year including the first A321neo and Nane noted digitalisation was a key component in ensuring that passengers choose the airline to improve their travel experience.

“Digitalisation has been a key focal point for Pegasus in recent years,” he continued. “Our aim with the digital transformation that we began in 2018 is to create digital solutions that simplify and streamline the customer’s experience at every stage of their journey. As Turkey’s digital airline, we will use technology as much as possible in 2019 and continue to develop projects aimed at adding value to the customer experience.”

Last December Pegasus Airlines Cargo and GSSA World Cargo Solutions (WCS) signed a five-year Total Cargo Management (TCM) contract that began on January 01, 2019. Aydin Alpa, long-time vice president Cargo for Pegasus Airlines, is the Chief Business Development Officer for WCS.

Based in Dusseldorf, WCS was established in 2015 by industry veterans to provide airline customers with a TCM service including complete and comprehensive management of an airline’s cargo division including but not limited to cargo handling contracting, cargo revenue accounting, worldwide sales activities and contracting, claim management, proper IT set-up and operational audits.

Commenting on the contract, Alpa said the company’s experience in both the passenger and air cargo sectors “formed a perfect match” for Pegasus. “We will be able to tap into new markets and to explore new horizons of cargo business opportunities,” he declared.

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