Turkish low-cost carrier (LCC) Pegasus Airlines recorded a sharp deterioration in its half-yearly financial figures, with the airline making a net loss of TL202.9 million ($70 million) widened from a deficit of TL42.2 million for the same period last year. Half-year revenue was up 5% at TL1.49 billion, compared to TL1.42 million last time. The airline said it had experienced “challenging conditions” in the tourism sector, which makes up a substantial proportion of its ...

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