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Turkish Airlines'first-quarter loss exceeds estimates
Published in:2021-05-15 23:16
According to Turkey's "daily morning" 11 reported that, affected by COVID-19, Turkey's second largest airline, Pegasus airlines, lost 930 million lira (US $110 million) in the first quarter of this year, which is higher than the market expected 810 million lira.
The budget airline's first quarter sales were 1.09 billion lire, down 42% from a year earlier. In the first quarter, the number of passengers was about 3.4 million, down 45% year on year. Among them, the number of domestic passengers was 2.41 million, down 33%, and the number of international passengers was 1 million, down 63%.
Earlier this month, Turkish Airlines, Turkey's largest airline, reported net revenue of 438 million lira (61 million US dollars) in the first quarter, becoming one of the few airlines to turn a profit during the epidemic.