Turkey’s fast-expanding low-cost carrier (LCC) Pegasus Airlines recorded a first-quarter net loss of TL104.5 million ($50.2 million), widened sharply from a deficit of TL6.3 million in the year-ago quarter. First-quarter revenue jumped 36% to TL512 million from TL377 million year-over-year, with ancillary sales per passenger rising significantly to TL27.3 from TL19.5 in the same period last year. Pegasus carried 4.08 million passengers in the quarter, up 25.4% year-over-year. CEO ...

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