Turkish low-cost carrier (LCC) Pegasus Airlines is forecasting a cautious recovery this year, but expects real growth from 2018. Pegasus experienced a difficult 2016, with the combination of geopolitical events and terrorist attacks within its home country, leading to a sharp downturn in tourism. However, the LCC still succeeded in increasing passenger numbers by more than 8% to 24.1 million, but posted a loss of TL136 million ($36.4 million). “Despite all the challenges of the past ...

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