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Pegasus Hava Tasimaciligi Anonim Sirketi (PGSUS) investor relations material
Pegasus Hava Tasimaciligi Anonim Sirketi Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported a net loss of EUR 153.1 million for Q1 2026, compared to a net loss of EUR 61.9 million in Q1 2025.
Revenue increased to EUR 641.9 million, up 3.3% year-over-year.
Cost of sales rose to EUR 703.7 million, outpacing revenue growth and resulting in a gross loss.
Total assets reached EUR 8.25 billion, with equity at EUR 2.27 billion as of March 31, 2026.
Financial highlights
Revenue: EUR 641.9 million (Q1 2026), up from EUR 621.7 million (Q1 2025).
Net loss: EUR 153.1 million, widened from EUR 61.9 million loss year-over-year.
Gross loss: EUR 61.8 million, compared to EUR 14.1 million gross loss in Q1 2025.
Operating loss: EUR 93.0 million, similar to prior year.
Cash and cash equivalents: EUR 1.11 billion at period end.
Outlook and guidance
Management prepared financials on a going concern basis, expecting to meet obligations and utilize assets effectively.
No changes in accounting estimates or significant impact from new standards anticipated.
- Revenue and passenger growth strong, but net profit declined amid rising costs and risks.PGSUS
Q4 202516 Mar 2026 - Strong traffic and revenue growth, but net profit and margins declined amid cost and yield pressures.PGSUS
Q3 202526 Nov 2025 - Revenue and profit surged in 2025, with strong international and financial performance.PGSUS
Q2 202525 Aug 2025 - Revenue rose 15% to €2.37B, net profit reached €310M, and capital was significantly increased.PGSUS
Q3 202413 Jun 2025 - Revenue and passenger growth strong, but net profit fell sharply amid rising costs.PGSUS
Q2 202413 Jun 2025 - Q1 2025 revenue surged, net loss narrowed, and international growth outpaced the market.PGSUS
Q1 20256 Jun 2025 - Revenue up 17% to €3.13bn, profit down to €361mn, with record ancillary revenue and fleet growth.PGSUS
Q4 20245 Jun 2025
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