{"id":34510,"date":"2025-11-15T21:36:38","date_gmt":"2025-11-15T21:36:38","guid":{"rendered":"https:\/\/kamucalisanlari.net\/?p=34510"},"modified":"2025-11-15T21:36:38","modified_gmt":"2025-11-15T21:36:38","slug":"pegasus-beklentiden-dusuk-zarar-acikladi","status":"publish","type":"post","link":"https:\/\/kamucalisanlari.net\/index.php\/2025\/11\/15\/pegasus-beklentiden-dusuk-zarar-acikladi\/","title":{"rendered":"Pegasus beklentiden d\u00fc\u015f\u00fck zarar a\u00e7\u0131klad\u0131"},"content":{"rendered":"

SEVCAN ERS\u00d6ZL\u00dc\/BLOOMBERG HT ARA\u015eTIRMA<\/strong><\/p>\n

Pegasus ilk \u00e7eyrekte piyasa beklentisinin y\u00fczde 7 alt\u0131nda 2,6 milyar TL zarar a\u00e7\u0131klad\u0131. Beklenti 2,8 milyar TL zarar a\u00e7\u0131klamas\u0131 y\u00f6n\u00fcndeydi. \u015eirket bir \u00f6nceki y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011finde 3,5 milyar TL zarar a\u00e7\u0131klam\u0131\u015ft\u0131. Net zarar y\u0131ll\u0131k bazda y\u00fczde 26 azald\u0131.<\/p>\n

Zarar\u0131n olu\u015fumunda zay\u0131f sezonsall\u0131\u011f\u0131n yan\u0131 s\u0131ra, artan operasyonel giderler ve y\u00fckselen finansman maliyetleri etkili oldu. \u015eirketin bu \u00e7eyrekte kaydetti\u011fi 1,5 milyar TL seviyesindeki net di\u011fer faaliyet zarar\u0131, d\u00f6nem zarar\u0131n\u0131 art\u0131r\u0131c\u0131 y\u00f6nde etki etti. Genel y\u00f6netim giderlerinin y\u0131ll\u0131k bazda y\u00fczde 56 art\u0131\u015fla 893,4 milyon TL seviyesine \u00e7\u0131kmas\u0131 ve 2,6 milyar TL tutar\u0131ndaki net finansman gideri zararda etkili oldu. Net k\u00e2r marj\u0131 y\u0131ll\u0131k bazda 9 puan art\u0131\u015f g\u00f6stererek – y\u00fczde 11,17 seviyesinde ger\u00e7ekle\u015fti. Net k\u00e2r marj\u0131 ge\u00e7en y\u0131l\u0131na ayn\u0131 d\u00f6neminde – y\u00fczde 20,13, bir \u00f6nceki \u00e7eyrekte ise y\u00fczde 7,07 seviyesindeydi.<\/p>\n

Sat\u0131\u015f gelirleri \u00e7eyreksel bazda y\u00fczde 15 azald\u0131 <\/b><\/p>\n

Sat\u0131\u015f gelirleri y\u0131ll\u0131k bazda y\u00fczde 36 art\u0131\u015f g\u00f6stererek piyasa beklentisinin hafif \u00fczerinde 23,6 milyar TL seviyesinde ger\u00e7ekle\u015fti. Piyasa beklentisi 23,1 milyar TL sat\u0131\u015f geliri elde etmesi y\u00f6n\u00fcndeydi. Sat\u0131\u015f gelirleri \u00e7eyreksel bazda y\u00fczde 15 azal\u0131\u015f g\u00f6sterdi. \u015eirket ilk \u00e7eyrekte -846,2 milyon TL br\u00fct zarar yazd\u0131. Br\u00fct k\u00e2r marj\u0131 ise bir \u00f6nceki y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re paralel seviyede -y\u00fczde 3,59 seviyesinde ger\u00e7ekle\u015fti. Sat\u0131\u015flar\u0131n maliyeti y\u00fczde 36 artarken sat\u0131\u015f gelirleri y\u00fczde 35 art\u0131\u015f kaydetti. \u0130lk \u00e7eyrekte sat\u0131\u015flar\u0131n maliyeti 24,4 milyar TL seviyesinde ger\u00e7ekle\u015fti.<\/p>\n

\n

FAV\u00d6K y\u0131ll\u0131k bazda y\u00fczde 10 art\u0131\u015f g\u00f6sterirken, \u00e7eyreksel bazda y\u00fczde 80 azalarak 1,3 milyar TL ger\u00e7ekle\u015fti. Piyasa beklentisi \u015firketin bu d\u00f6nemde 1,2 milyar TL FAV\u00d6K elde etmesi y\u00f6n\u00fcndeydi. FAV\u00d6K marj\u0131 ise y\u0131ll\u0131k 1,27 puan art\u0131\u015fla y\u00fczde 5,53 seviyesinde ger\u00e7ekle\u015fti. \u015eirket bir \u00f6nceki \u00e7eyrekte y\u00fczde 23,39 Fav\u00f6k marj\u0131 elde etmi\u015fti.<\/p>\n

1\u00c725\u2019de, Ramazan ve Paskalya takvimlerindeki kaymalar\u0131n seyahat talebi \u00fczerindeki etkilerine ra\u011fmen, trafik performans\u0131 kuvvetli ger\u00e7ekle\u015fti. Ramazan 2025’te t\u00fcm\u00fcyle 1. \u00e7eyrek d\u00f6neme dahil olurken 2024\u2019de Mart\u2019da ger\u00e7ekle\u015fen Paskalya 2025\u2019de Nisan\u2019a kayd\u0131. \u015eirketin ilk \u00e7eyrekteki toplam misafir say\u0131s\u0131 bir \u00f6nceki y\u0131l\u0131n ayn\u0131 \u00e7eye\u011fine g\u00f6re y\u0131ll\u0131k y\u00fczde 12 art\u0131\u015f g\u00f6stererek 9 milyon seviyesinde ger\u00e7ekle\u015fti. D\u0131\u015f hat misafir say\u0131s\u0131 ise y\u0131ll\u0131k y\u00fczde 17 art\u0131\u015fla 5,7 milyon oldu. \u015eirketin Toplam Arz Edilen Koltuk Kilometre (AKK) de\u011feri y\u0131ll\u0131k y\u00fczde16 art\u0131\u015fla 16.1 milyar oldu. AKK Ba\u015f\u0131na Birim Gelir (RASK) y\u0131ll\u0131k y\u00fczde 5 art\u0131\u015f ile 3.86 \u20ac cent\u2019e y\u00fckseldi. Doluluk oran\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re 1,1 puan azal\u0131\u015fla y\u00fczde 86,1 seviyesinde ger\u00e7ekle\u015fti<\/p>\n<\/div>\n

\n

Net bor\u00e7 pozisyonu \u00e7eyreksel bazda y\u00fczde 15 art\u0131\u015fla 125,6 milyar TL seviyesinde ger\u00e7ekle\u015fti. Net bor\u00e7\/FAV\u00d6K rasyosu ise 3.94 seviyesinde ger\u00e7ekle\u015fti. \u015eirketin nakit de\u011ferleri \u00e7eyreksel bazda y\u00fczde 32,5 azalarak 31,2 milyar TL seviyesinde ger\u00e7ekle\u015fti. \u0130\u015fletme faaliyetlerinden 4 milyar TL nakit giri\u015fi sa\u011fland\u0131. Yat\u0131r\u0131m faaliyetlerinden 14 milyar TL nakit \u00e7\u0131k\u0131\u015f\u0131, finansman faaliyetlerinden ise 8,4 milyar TL nakit \u00e7\u0131k\u0131\u015f\u0131 oldu.<\/p>\n

Net zarar euro baz\u0131nda azald\u0131 <\/b><\/p>\n

Euro bazl\u0131 sonu\u00e7lara bak\u0131ld\u0131\u011f\u0131nda; ciro y\u00fczde 20 art\u0131\u015fla 622 milyon euro olurken, FAV\u00d6K y\u00fczde 10 art\u0131\u015fla 42 milyon euro oldu. Net zarar ise y\u00fczde 40 azal\u0131\u015fla 62 milyon euro zarar oldu.<\/p>\n

\u015eirket 2025 y\u0131l\u0131na y\u00f6nelik beklentilerini korudu. \u015eirket 2025 y\u0131l\u0131nda toplam AKK’de y\u00fczde 12-14 aral\u0131\u011f\u0131nda b\u00fcy\u00fcme planl\u0131yor. Piyasa genelindeki “dengeli” talep-kapasite arz\u0131 g\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn 2025 y\u0131l\u0131nda da devam edece\u011fi beklentisi yolcu birim gelirleri a\u00e7\u0131s\u0131ndan yatay seyir sinyali veriyor. \u015eirket bu paralelde, 2025\u2019te toplam RASK (AKK ba\u015f\u0131na birim gelir) i\u00e7in “orta tek haneli art\u0131\u015f” \u00f6ng\u00f6r\u00fcyor. \u015eirketin RASK \u00f6ng\u00f6r\u00fcs\u00fc “doluluk oran\u0131nda yatay\/bir miktar art\u0131\u015f” ve “misafir ba\u015f\u0131na yan gelirde y\u00fcksek tek haneli b\u00fcy\u00fcme” beklentilerine dayan\u0131yor. \u015eirket, 2025\u2019te yak\u0131t-hari\u00e7 CASK (AKK ba\u015f\u0131na birim gider) i\u00e7in enflasyonist bask\u0131lardaki azalma paralelinde 2024 ger\u00e7ekle\u015fmesine g\u00f6re daha d\u00fc\u015f\u00fck seviyede “y\u00fcksek tek haneli art\u0131\u015f” \u00f6ng\u00f6r\u00fcyor. \u015eirket bununla birlikte, “yak\u0131t fiyatlar\u0131nda \u0131l\u0131ml\u0131 seyir” beklentilerine dayanarak, “toplam CASK” i\u00e7in “orta tek haneli art\u0131\u015f” \u00f6ng\u00f6r\u00fcyor. 2025\u2019te FAV\u00d6K marj\u0131n\u0131n 2024\u2019e g\u00f6re “yatay seyir\/bir miktar art\u0131\u015f” g\u00f6stermesi bekleniyor. \u015eirket bu sonu\u00e7la, global \u00f6l\u00e7ekte “en y\u00fcksek FAV\u00d6K marj\u0131na sahip” havayollar\u0131 aras\u0131nda olmaya devam edece\u011fini \u00f6ng\u00f6r\u00fcyor.<\/p>\n<\/div>\n<\/p>\n

<\/p>\n

Kaynak :\u00a0https:\/\/www.bloomberght.com\/pegasus-beklentiden-dusuk-zarar-acikladi-3748104<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Pegasus 2025 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde piyasa beklentisinin alt\u0131nda 2,6 milyar TL zarar a\u00e7\u0131klad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":34511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[223,119,3127,182,1025],"manset":[],"class_list":["post-34510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-artis","tag-beklenti","tag-milyar-tl","tag-sirket","tag-zarar"],"_links":{"self":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/34510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/comments?post=34510"}],"version-history":[{"count":1,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/34510\/revisions"}],"predecessor-version":[{"id":34512,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/34510\/revisions\/34512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media\/34511"}],"wp:attachment":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media?parent=34510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/categories?post=34510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/tags?post=34510"},{"taxonomy":"manset","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/manset?post=34510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}