Pegasus Airlines’ recorded a net profit of TL143.3 million ($55.4 million) in 2014, a 62% rise on 2013’s figure. The improvement restored the Turkish low-cost carrier’s (LCC) earnings figure to that of 2012 after a dip in 2013 caused by currency fluctuations. Revenue for 2014 rose 29% to TL3.1 billion, while passenger figures rose 17.3% in 2014 to 19.7 million. Last year, Pegasus continued a rapid expansion with 14 new routes added to its network throughout Europe and the ...

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