ptahturan88
Topic Author
Posts: 17
Joined: Fri Nov 01, 2013 11:51 am

Calculating Passenger Yield

Fri Nov 01, 2013 12:04 pm

Hi, I was trying to calculate the passenger yield of Pegasus. The company generates c.30% of passenger revenue from int'l passengers. The operating currency is EUROs, but the reporting currency is Turkish lira. I was wondering how I should incorporate the fluctuations in currency in my yield calculations?

Thanks.
 
KFlyer
Posts: 320
Joined: Mon Mar 19, 2007 1:05 pm

RE: Calculating Passenger Yield

Fri Nov 01, 2013 2:00 pm

If you're referring to Yield per RPK, generally the currency impact is not considered. There should be a seperate item reported as Currency Gain/(Loss), but this is generally minor and would not have a considerable impact on the revenue.
The opinions above are solely my own and do not express those of my employers or clients.
 
User avatar
LAXintl
Posts: 24003
Joined: Wed May 24, 2000 12:12 pm

RE: Calculating Passenger Yield

Fri Nov 01, 2013 2:36 pm

American Airlines has posted how to calculate and understand basic airline reporting numbers.

BASIC MEASUREMENTS IN THE AIRLINE BUSINESS
http://www.aa.com/i18n/amrcorp/corpo...Information/facts/measurements.jsp

Also MIT Airline Data Project also has definition and calculating methodology.

http://web.mit.edu/airlinedata/www/Res_Glossary.html


=

The only additional thing I would do is to stage-length correct the yield if you are comparing Pegasus to other airlines.
This becomes important as otherwise you can be greatly deceived by the numbers.

You can probably Google the formula.
From the desert to the sea, to all of Southern California
 
ptahturan88
Topic Author
Posts: 17
Joined: Fri Nov 01, 2013 11:51 am

RE: Calculating Passenger Yield

Fri Nov 01, 2013 3:17 pm

Thanks, I was actually trying to calculate Yield per RPK in dollar terms. But, dollar/lira has been swingingly late, and I want to eliminate those fluctuations.

Do you guys think it'd be sensible to calculate the yield in lira terms?
 
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LAXintl
Posts: 24003
Joined: Wed May 24, 2000 12:12 pm

RE: Calculating Passenger Yield

Fri Nov 01, 2013 4:02 pm

Considering bulk of Pegasus revenues are generated in Lira and Lira is the home currency, I would think Lira would be fine.

Even TK in its annual financial reports uses Lira.
From the desert to the sea, to all of Southern California
 
ptahturan88
Topic Author
Posts: 17
Joined: Fri Nov 01, 2013 11:51 am

RE: Calculating Passenger Yield

Mon Nov 04, 2013 8:14 am

Thank you very much. I appreciate it.

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