1. Turkey Stocks

  2. •

    Transportation

  3. •

    Airlines
Pegasus Hava Tasimaciligi Anonim Sirketi

Pegasus Hava Tasimaciligi Anonim Sirketi

BBIST:PGSUS
122.60
TRY
-3.80
(-3.01%)
-3.44EPS
87.55BMarket Cap
Nov 11Next Earn
Pegasus Hava Tasimaciligi Anonim Sirketi
BIST:PGSUS
(Istanbul Exchange)

Recent

price

122.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
5.24
5.22
6.17
6.98
7.42
10.7
16.56
22.05
9.61
21.33
85.46
141.06
223.65
308.26
319.06
Revenue per Share
0.34
0.2
0.29
0.23
-0.27
1
1.02
2.67
-3.93
-3.94
14.2
41.82
26.57
27.5
-3.44
Basic EPS, GAAP
1.21
0.48
0.38
0.65
0.06
1.81
1.64
6.84
0.31
7.02
29.77
40.35
58.08
69.08
56.01
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.89
2.29
2.32
2.91
3.15
5.01
7.51
10.68
10.77
13.74
36.09
109.34
149.84
233.71
225.32
Book Value per Share
0.88
2.27
2.3
2.88
3.11
4.96
7.41
10.52
10.55
13.37
35.52
108.05
148.07
229.66
221.01
Tangible Book Value per Share
367
458
500
500
500
500
500
500
500
500
500
500
500
500
500
Basic Weighted Avg Shares
1,919
2,394
3,082
3,488
3,707
5,349
8,277
11,025
4,804
10,664
42,732
70,532
111,823
154,128
159,532
Sales/Revenue/Turnover
10.05
11.3
7.99
5.08
-3.93
7.65
9.76
18.75
-34.08
-5.45
22.19
19.3
17.34
11.42
3.32
Operating Margin (%)
104
136
165
176
227
330
538
1,548
2,183
2,816
4,465
7,803
12,022
19,016
22,580
Depreciation Expense
126
92
143
113
-134
502
507
1,333
-1,965
-1,972
7,100
20,908
13,285
13,750
-1,719
Net Income, GAAP
18.68
42.9
- -
38.66
- -
16.94
7.4
4.28
- -
- -
- -
- -
- -
7.32
- -
Effective Tax Rate (%)
6.58
3.83
4.65
3.24
-3.61
9.39
6.13
12.09
-40.91
-18.5
16.62
29.64
11.88
8.92
-1.08
Profit Margin (%)
-199
543
646
842
421
1,233
858
1,324
-986
8
-42
10,818
14,328
2,215
-16,818
Working Capital
1,241
1,441
1,187
1,207
2,338
2,711
5,065
8,461
15,115
28,898
51,113
100,894
137,057
186,262
199,006
LT Debt
327
1,146
1,161
1,453
1,569
2,485
3,715
5,342
5,386
6,870
18,045
54,669
74,919
116,854
112,660
Total Equity
- -
6.5
- -
6.12
- -
7.39
8.96
14.98
- -
- -
- -
- -
- -
3.67
- -
Return on Invested Capital (%)
- -
4.45
- -
4.45
- -
10.69
7.95
13.19
- -
- -
- -
- -
- -
7.49
- -
Return on Capital (%)
- -
12.45
12.43
8.65
-8.82
24.61
16.21
29.32
-36.63
-32.19
57
57.51
20.5
14.34
-1.64
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
46,922
48,648
56,038
LT Borrowings
25,186
26,044
27,849
LT Finance Leases
161,077
164,174
171,157
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
500
500
500
Market Capitalization
95,850
87,750
87,550

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
90,235
92,669
91,421
Cash, Cash Equivalents & STI
71,827
69,332
69,950
Accounts Receivable, Net
3,803
3,599
6,124
Inventories
2,314
2,451
2,536
Total Current Liabilities
88,020
95,675
108,239
Payables & Accruals
- -
- -
- -
ST Debt
46,922
48,648
56,038
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
64.67%
97.24%
55.97%
Free Cash Flow
561.74%
523.24%
18.95%
Net Income, GAAP
-107.54%
-59.61%
3.5%
Sales/Revenue/Turnover
66.62%
116.83%
37.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,391
26,573
41,703
27,776
111,823
2025
23,588
38,425
53,807
27,256
154,128
2026
32,761
45,708
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-7
7.99
23.02
3.93
26.57
2025
-5.27
10.26
22.12
-0.45
27.5
2026
-15.52
-9.59
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Turk Hava Yollari A.O. (BIST:THYAO)
American Airlines Group, Inc. (NASDAQ:AAL)
Delta Air Lines, Inc. (NYSE:DAL)
InterGlobe Aviation Ltd (NSE:INDIGO)
United Airlines Holdings, Inc. (NASDAQ:UAL)
Aeroflot (MOEX:AFLT)
Business
Pegasus Hava Tasimaciligi Anonim Sirketi (PGSUS.IS) operates as a low-cost carrier providing passenger and cargo air transportation services primarily within Turkey and to select international destinations. The company offers scheduled domestic flights connecting major Turkish cities such as Istanbul, Ankara, Izmir, and Antalya; international services to Europe, the Middle East, Central Asia, and North Africa; and ancillary services including baggage handling, in-flight meals, seat selection, and loyalty programs under the "Miles&Smiles" branding. Pegasus Airlines serves leisure and business travelers with a fleet of Boeing 737 aircraft, emphasizing affordable fares, point-to-point routes, and digital booking platforms via its mobile app and website. Founded in 1990 and headquartered in Istanbul, Turkey, the company maintains operations across more than 40 countries, with key hubs at Sabiha Gokcen International Airport and secondary bases in cities like Antalya, Adana, and Izmir. It competes in the low-cost airline segment of the aviation industry, targeting price-sensitive customers through direct sales channels that minimize distribution costs. Pegasus Airlines also provides wet-leasing services to other carriers and engages in cargo transportation using belly-hold capacity on passenger flights. In recent developments, Pegasus Airlines expanded its fleet with orders for up to 200 Boeing aircraft announced in late 2024, supporting long-term capacity growth amid rising travel demand. The company formed strategic partnerships with tour operators and financial institutions for bundled travel packages and entered new routes to Africa and the Americas in 2025. Additionally, Pegasus completed a capital increase through rights offerings in early 2025 to bolster liquidity following post-pandemic recovery efforts.