Turkey’s Pegasus Airlines returned a net profit of TL88.3 million ($40 million) for 2013, down 30.1% on 2012’s figure of TL126.3 million. Revenue increased 25.2% to TL2.4 billion. Number of passengers carried rose 23.9%, to 16.8 million, compared to 13.6 million in 2012. Load factor rose two points, to 80.2%. The fast-expanding low-cost carrier, which launched a long-awaited IPO last year, increased its share of the Turkish domestic market from 25.7% to 26.9%, while its share of ...

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