Equity Analysis /
Turkey

Pegasus: 3Q21 Review: Better than expected results on all fronts

  • Pegasus posted EUR56mn net income in 3Q21 which is 14% higher than our and consensus estimate of EUR49mn net income.

  • The company’s EBITDA was EUR172mn in 3Q21

  • PGSUS plans to reach 85-90% of its 4Q19 ASK in 4Q21E

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
10 November 2021
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