Pegasus to use US dollar for international tickets in Turkey
ISTANBULTurkey’s low-cost carrier Pegasus Airlines has announced that it has changed the base currency for pricing of international tickets originating in Turkey, from the euro to the U.S. dollar.
The decision will be effective as of July 1, the company said in a written statement on June 12.
International ticket sales originating in Turkey constitute around 13 percent of the company’s annual total revenue, it added.
Pegasus currently has flights to and from 91 points, 60 of which are overseas, according to its official website.
Last month, Turkish Airlines also took the same currency step, and the decision was approved by the IATA as of May 26. International sales originating in Turkey constitute around 15 percent of Turkish Airlines’ total revenue.
Both companies took the decision due to recent sharp fluctuations in foreign exchange rates and rising expenses in dollars, according to sector representatives.