Pegasus stock takes on 175 aircraft after Smartwings deal

Published on 10/08/2026 at 03:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pegasus stock reported TRY 45.71 billion in Q2 2026 revenue, up 19.0 percent year over year. The same quarter produced a TRY 4.79 billion net loss.

Pegasus, TREPEGS00016, Illustration mit AI erstellt.

Pegasus stock (ISIN TREPEGS00016) now represents an airline group with more than 175 aircraft after the completion of the Czech Airlines and Smartwings Group acquisition on October 1, 2026. The transaction expands Pegasus' Central and Eastern European footprint while Smartwings keeps its existing brands and daily operations.

Fleet scale changes after takeover

Pegasus Airlines said on October 1, 2026, that the combined fleet includes more than 175 aircraft and that firm orders cover 140 additional aircraft. Pegasus operates flights to 161 destinations across 57 countries, while Smartwings serves 80 destinations in 20 countries.

The expansion adds operating scale, but the immediate earnings picture remains demanding. Yahoo Finance lists Q2 fiscal 2026 revenue at TRY 45.71 billion, up 19.0 percent from TRY 38.43 billion in the year-ago quarter, while earnings were negative at TRY 4.79 billion compared with positive earnings of TRY 5.13 billion a year earlier.

Revenue growth meets a loss

The Q2 fiscal 2026 margin was negative 10.49 percent, according to the same reported company figures. For investors, the key tension is visible in the comparison: revenue increased by 19.0 percent, but the earnings line moved from TRY 5.13 billion positive to TRY 4.79 billion negative.

Analyst expectations remain materially above the recent share price. The October 7, 2026 consensus published by FKRadar covered 10 analysts and showed an average target of TRY 240.74, with a low of TRY 187.00 and a high of TRY 305.50.

PGSUS remains near its yearly low

PGSUS was last at TRY 136.50 on Borsa Istanbul on October 7, 2026, at 6:09 p.m. Istanbul time, down TRY 3.70 or 2.64 percent from the prior close. The price stood TRY 0.50 above the 52-week low of TRY 136.00 and well below the 52-week high of TRY 226.10.

The market capitalization was TRY 68.3 billion on October 7, 2026, while trading volume reached 6,866,882 shares. The combination of fleet expansion, 19.0 percent revenue growth and a negative Q2 earnings figure gives Pegasus stock a clear operating scale story with a sharply uneven recent profit profile.