Pegasus Airlines
LCC

Good Horse, Bad Horse: Turkey’s fast-growing LCC Pegasus Airlines had a bad Q2 but a great Q3. What’s next?

LCC

Good Horse, Bad Horse: Turkey’s fast-growing LCC Pegasus Airlines had a bad Q2 but a great Q3. What’s next?

November 2015
1 min read
Seth Kaplan

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Issue Overview

Europe’s delightful summer didn’t do much for Air Berlin. But it sure paid dividends for ESAS Holdings, never mind that the Turkish investment company owns 12% of the struggling German carrier. Okay, so the Air Berlin investment isn’t working out. But ESAS is also the largest shareholder in Pegasus Airlines, which had a great summer.