From Investing.com: 2024-06-02 13:35:45

Turkey’s Pegasus Airlines plans to continue growth with new plane orders, including 36 Airbus A321neo planes by 2029. Demand for air travel rebounding post-pandemic. Company faces supply chain issues at IATA meeting in Dubai. Aims for 28%-30% operating profit margin in 2024 despite challenges. Expanding network with new international routes.

CEO Guliz Ozturk emphasizes benefits of dual Boeing-Airbus fleet strategy for managing delivery delays. No significant delivery issues with Airbus. Challenges include rising fuel prices and inflation due to geopolitical tensions. Company aims to meet demand by adding more routes within current fleet’s range. Plans to fly Boeing planes longer to ensure capacity.

Pegasus Airlines upbeat about growth potential, with 67 countries and 500 destinations within current fleet’s flying range. Expanding network to include more international routes this year. Focus on managing costs and achieving operating profit margin targets despite challenges. CEO optimistic about airline’s future growth and success.



Read more at Investing.com: Turkey’s Pegasus to begin work soon on new plane order for delivery beyond 2029 By Reuters