Pegasus Expects EBITDA Margin to Range Between 28% and 30% in 2024

Forex - Pegasus (IS:PGSUS) expects its EBITDA margin to be in the range of 28%-30% in 2024. According to information released in Pegasus' Investor Presentation published on KAP, a growth forecast of 12%-14% for total ASK (Available Seat Kilometers) for 2024 has been maintained. The announcement provided the following details: "The total RASK expectation for 2024 has been revised upward to ‘slight increase’ (previously: ‘flat level’). The RASK forecast is based on expectations of ‘increase in load factor’ and ‘high single-digit growth in ancillary revenue per guest’ (previously: ‘mid-high single-digit growth’). For the year, we are revising our ‘fuel-excluding CASK’ forecast to ‘low double-digit increase’ (previously: ‘mid-high single-digit increase’). However, we expect that low-level fuel prices will continue to alleviate the pressure on operational profitability. We anticipate the EBITDA margin to be in the range of 28%-30% in 2024. With this outcome, we expect to continue to be among the airlines with the ‘highest EBITDA margin globally.’"