FORECASTİNG-PEGASUS AİRLİNE
Forecsting – Pegasus case
PEGASUS AİRLİNES
In this assignment , Dora was the coordinator , Gamze wrote the report, Osman and Kutlu prepared the charts .
For purpose of this assignment, we examined Pegasus airlines. Pegasus airlines found in 1991 in Turkey which is managing by ESAS holding. The company’s Ceo is Sertaç Haybat and the owner is Ali Sabancı.
Pegasus airlines is one of the biggest developing airline in Europe and they are increasing their passenger number in advance . In 2006 , Pegasus carried 3.1 million passenger and in one year period they increase their passengers around 22,5%. At this point, it was a very big lap for the company because Pegasus change their style in aviation industry and became a low cost carrier. Until 2007, Pegasus has flown as a charter airline but today they are the biggest low cost carrier in Turkey. The growth can be seen as while the market share in Turkey the year 2005 was %1 it was 26,9% in 2013. In 2008, the company reached 4.4 million passengers and in 2009 ,they achieved reaching 5.9 million seats. It was a huge growth ,approximately %50 since 2006. After the year 2008 Pegasus carried on to increase their passenger number also, Pegasus started to increase their fleet according to the huge growth in their passenger number.
While looking at growth of the company till 2014 it can be easily seen that there was a huge growth in the airline. As the data from graphs shows 20,5 million as linear and 27,3 million passengers as exponential growth there is around 7 million passengers differentiation. As Pegasus is a LCC and being in European aviation industry which is getting bigger and bigger , the growth rate in exponential rate is useful for the company. The number of 27,3 million passengers for the company should be an expectation for the company in the year 2015.
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