PEGASUS HAVA TAŞIMACILIĞI A.Ş.

Earnings Release • Jan 10, 2024

PEGASUS HAVA TAŞIMACILIĞI A.Ş. DECEMBER 2023 TRAFFIC RESULTS

		MONTHLY			CUMULATIVE
		December	December	'23/'22	Jan-Dec	Jan-Dec	'23/'22
		2023	2022	% Chg.	2023	2022	% YoY Chg.
Total	Passenger (pax), mn	2.58	2.22	16%	31.93	26.94	19%
	Cycle	15,161	13,428	13%	187,071	166,191	13%
	Seat, mn	3.10	2.66	17%	37.66	32.22	17%
	Load Factor (LF)	83.3%	83.6%	-0.3pp	84.8%	83.6%	1.1pp
	ASK (mn km)	4,703	3,993	18%	58,217	47,643	22%
	pax/cycle	170	165	3%	171	162	5%
Domestic	Pax, mn	1.02	0.85	20%	11.98	10.90	10%
	Cycle	6,087	5,379	13%	68,748	66,405	4%
	Seat, mn	1.21	1.04	17%	13.66	12.80	7%
	LF	84.4%	82.2%	2.2pp	87.7%	85.2%	2.5pp
	ASK (mn km)	908	774	17%	10,052	9,381	7%
	pax/cycle	167	158	6%	174	164	6%
International*	Pax, mn	1.56	1.37	14%	19.95	16.04	24%
	Cycle	9,074	8,049	13%	118,323	99,786	19%
	Seat, mn	1.89	1.62	17%	24.01	19.42	24%
	LF	82.7%	84.5%	-1.8pp	83.1%	82.6%	0.5pp
	ASK (mn km)	3,796	3,219	18%	48,165	38,262	26%
	pax/cycle	172	170	1%	169	161	5%

* including charter

Carbon Emissions Statistics
MONTHLY	Jul.'23	Aug.'23	Sep.'23	Oct.'23	Nov.'23	Dec.'23
CO2 grams per RPK	60.9	60.6	60.2	59.8	62.4	60.9
CUMULATIVE	12M19	12M20	12M21	12M22	12M22	12M23
CO2 grams per RPK	64.9	71.1	70.8	61.9	61.9	61.1

Carbon Emissions Statistics (grCO2/RPK) take 3.15 as jet fuel emission multiple for the base year and all reported periods.

Available-Seat-Kilometer (ASK) = Seats flown x ASL (Average Stage Length) Load Factor (LF): Booked pax / Total seats RPK: Revenue Passenger Kilometer

This document is prepared by Pegasus Hava Taşımacılığı Anonim Şirketi ("Pegasus") in accordance with the Pegasus Information Policy. The information covered in this document may be based on Pegasus corporate records, its own internal research and estimates based on the knowledge and experience of the markets in which it operates or industry, market and similar data procured from third parties as indicated in the document. While Pegasus believes that third party data has been obtained from reputable sources it does not independently verify such data or commit to any undertakings regarding the completeness or accurateness of such data or such data not being misleading.

The data contained in this document aims to inform investors of the operational results, targets and expectations of Pegasus in a correct and transparent manner and on equal terms and does not intend any investment advice or any offer or solicitation in connection with securities issued by Pegasus. Investors must make their investment decisions based on all other information, events and circumstances available through different channels and that may affect their investment decisions.

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