For Immediate Release

Pegasus Sales Income Rose By 33% During First Half Of 2014

According to Pegasus Airlines' financial results for the January-June 2014 period announced by the Public Disclosure Platform (KAP), Pegasus continued to expand as its sales income rose by

33% compared to the same period last year. Its share of the domestic market rose from 26.7% to

28% and its share of the international market rose from 9.1% to 9.8% during this period.

London, 13 August 2014 --- Turkey's leading low-cost airline Pegasus Airlines' financial results for the January-June 2014 period have been announced by the Public Disclosure Platform (KAP). Continuing to expand during the first half of 2014, Pegasus' sales income rose by 33% compared to the same period last year with its gross profit reaching 86.4 million Turkish Liras.

Costs per seat fall

The first half of 2014 saw a rise in the volume of sales with a corresponding fall in the cost per
available seat kilometre, which fell by 2% to €4.06 down from €4.13 for the same period last year.

Pegasus grew faster than rest of sector

Pegasus also increased the number of guests it flew and its load factor during the first six months of this year. The number of guests flying on both domestic and international flights increased by
22.4% to 9.2 million, compared with 7.6 million guests for the first six months of 2013. Accordingly the number of guests taking domestic flights in Turkey was 5.7 million, a rise of 21.5% compared

to the same period last year, while the number of guests on international flights was 3.5 million, a rise of 24% compared to the same period in 2013.
During the first half of 2014, the load factor on domestic routes reached 82%, while it was 75.4%
on international routes. During the same period the number of available seats increased by 22.3%.

The data for Turkey's aviation sector shows that Pegasus grew 1.4 times faster than the rest of the Turkish domestic market[SELAY GUN1][Unknown A2] for its domestic flights and 1.7 faster for its international flights during the first six months of 2014. Pegasus' share of the domestic market rose from 26.7% to 28% and its share of the international market from 9.1% to 9.8% during the January-June period.

Haybat: "We increased our capacity and market share"

General Manager of Pegasus Airlines, Sertac Haybat, says of Pegasus which has made the most effective use of such competitive advantages as its geographical location, flight network and low- cost structure: "We will continue to be one of Europe's fastest-growing low-cost airlines in the coming period with our high rate of average daily aircraft utilisation and our recent aircraft order to the value of US$12.2 billion. In an expanding market we have increased our capacity, while at the same time continuing to increase our market share as we have done in recent years. We have also succeeded in reducing the cost per available seat kilometre by using our aircraft efficiently."

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Pegasus Airlines

Pegasus Airlines launched its first charter flights in 1990 and has been owned by ESAS Holding since 2005. It is Turkey's leading low- cost carrier offering economically priced point-to-point flights on short and medium-haul routes. Founded with the mission that everyone has the right to fly, Pegasus offers its guests affordable, on-time flights and the newest aircraft under the auspices of its low-cost model. Pegasus Airlines flies a scheduled service to 30 destinations in Turkey and 54 in the rest of the world, bringing its total network to 84 destinations in 35 countries.


Due to its continuous expansion, Pegasus was named "The Fastest Growing Airline" of Europe's 25 largest airlines in terms of seat capacity for 2011, 2012 and 2013 by the Official Airline Guide (OAG). In 2012 Pegasus made the single largest-ever aircraft order in Turkish civil aviation history at the time of approximately US$12 billion (list price) for 100 new Airbus aircraft, of which 25 are optional.

Official website: www.flypgs.com/en

Like us at: www.facebook.com/pegasusairlines

Follow us at www.twitter.com/flymepegasus

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For further press information and/or to request interviews or press trips please contact:

Serra Celikkan / Rebecca ErolRedmint Communications+ 44 (0)20 3397

3936  pegasus@redmintcomms.co.uk
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