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Dear valued Pegasus stakeholders and guests,

When we launched Pegasus’ low-cost scheduled flights on 1 November 2005 with the conviction that it is 'everyone's right to fly', we initiated an important milestone in Turkish aviation.

In 2005 we were a domestic airline with 14 aircraft offering scheduled flights to six destinations within Turkey. Today we are Turkey's leading low-cost airline with a fleet of 83 aircraft flying to 39 Turkish and 70 international destinations; making a total of 109 destinations in 42 countries.

In the 12 years since we took our first steps, the low-cost model has come to be both widely accepted and favoured in Turkey – with the ability to fly now within the reach of everyone.

Between 2005 and 2017, we flew more than 180 million guests to their destinations. During these 12 years, 67% of our guests flew for under TL100 in domestic routes, while 47% flew under EUR50 in international routes. Our market share for Turkish domestic routes rose from 29.0% to 30.8% in 2017, while our share of international routes rose from 11.8% to 12.4%.

In 2012 we were very proud to place the largest single order in Turkish civil aviation history at the time, when we ordered 100 A320neo and A321neo aircraft (including 25 options). Delivery commenced in July 2016, and the arrival of these new additions to our fleet marks the beginning of a new period of expansion in Pegasus’ history. We have also broken new ground globally as the first airline in the world to operate this new-generation and environmentally friendly CFM Leap engine powered A320neo, effectively becoming the launch operator of one of the world’s most developed aircraft with the world’s most efficient engine. Our experience with this combination of aircraft model and engine will provide a leading example for all other airlines, globally.

At the forefront of all our successes are without a doubt the Pegasus Family and their commitment to the ‘Pegasus model’. We are proud to have expanded from a team of 700 to a huge family of more than 5.300 within 12 years. All of us together have developed a model for Turkey where our guests can plan their flights themselves as they wish and purchase only the products and services they need and want. As we always say, we didn’t start aviation in Turkey, but we have transformed it. I would like to thank again all those who have had a role in this success of ours for their endeavours and contributions. We will continue to transform aviation in Turkey together, just as we have always done from the very beginning.

Yours sincerely,
Chairman of the Board of Directors
Pegasus Airlines