Discrediting PIA claim of Losses , by Logical Day by Day Analysis of Operations

[AZADPAKISTAN2009]

Based on the Accounting Book PIA's planes are running 100% Free
That is 100% of revenue from Tickets = Fuel/ Expenses and People salaries put the totals into Negative zone

PIA claims some hilarious numbers which make spotting their corruption very easy for any analytics sensitive eye

PIA makes a consistent , Loss regardless of oil prices in world wide markets specially when all world airlines reported massive Profits

Lets Take the Year 2016: (As example)

• 45,381 Millions in PKR yearly loss with about 14,000 Employee force

Proper way to write the Loss : 45,381,000,000 Rupees

Lets convert these Losses into Million of Dollars @125 : 1 Rupee/Dollar ratio

• 363,048,000 Million Dollars in Losses (363 Million Dollar)

Lets just calculate their 1 Day operation and see if their Accounting Book match a very common sense approach to dis-credit their Accounting books.

Salaries: 14,000 Workers

• 50% Make 50,000 Rupee per month ~ 7,000 x 50,000 x 12 div 125 rupee = 33,600,000 (33 Million Dollars salaries paid in year)
• 50% Make 1 Lakh Rupee per month ~ 7,000 x 1,50,000 x 12 div 125 rupee = 100,800,000 (100 Million Dollars salaries paid in year)

Hourly Rate of 50% who make 50,000 rupee per month ~ 39 Rupee per hour = 0.31 Cents per hour (talking in dollar figures now)
Hourly Rate of 50% who make 1,00,000 rupee per month ~ 78 Rupee per hour = 0.62 Cents per hour (talking in dollar figures now)


Summary:

• 363 Million in Losses (50% is from your salary figure and 50% from operation)
• 133 Million Losses by Salary

Now lets look at the Operation of PIA:

When a plane Flies what kind of cost they pay ?

• Fuel
• Airport Landing Tax (Very small fee for plane to land and take off )
• Money you make = #Seats full in plane normally 100-140 seats

Lets Look at a Example Qouted on internet on Fuel cost
A Boeing 767 burns about 9,000 gallons of jet fuel on a cross-country flight. That means American Airlines pays about $34,000 in fuel costs alone for that flight, up$15,000 in just the past year.

JFK to LAX = 5 hour flight about same distance as Jeddah to Islamabad

So we can claim , ok 5 hour flight it cost $34,000 Dollar in fuel to PIA as well (Jeddah /Islamabad Route)

Here is what PIA charges for that flight $540-$659 Dollar

Now PIA due to their strategy have planes which take not 100-140 seats like in North America they have 180 to 400 Seat planes

DAY BY DAY OPERATION (Simulation Run)

Assumption for this Simulated cost Analysis
Lets Assume : 33 PIA planes had a average seating size of 200 Seats , all running on 1 god damn route Islamabad to Jeddah for Umrah

Income Earned by 33 planes 1 Trip
33 Planes x 200 Seats x $550 Charged per Ticket x 1 Way Journey = 3,630,000 dollar

Cost Incurred:
$34,000 x 33 = 1,122,000 Dollars

Employee Cost: (1 DAY SALARY PAID WHEN 33 PLANES FLEW 1 FLIGHT)
50% i.e 7,000 Employees make 50,000 rupee
7,000 x 0.32 Cents per hour x 8 hours = 17,920 Dollars (Lower Tier workers)

50 % i.e 7,000 Employees make 1,00,000 rupee
7,000 x 0.62 x 8 = 34,720 Dollars (Upper Tier workers)

Total : Employee footprint $52,640

1 Day Operation 33 planes on 1 route :
Revenue : $3,630,000 Dollars (Full Plane not including Freight money)
Fuel Cost : -$1,222,000 Dollars
Employee Foot Print : -$52,640 Dollars They don't make millions
Fee to Park at Airport : 33 planes x 300 Dollar = -10,000 Dollars
FOOD COST : $0 Passengers asked to buy own food at Airport

------------------------------------------------------------------------------------------------------
Profit in 1 Day : $2,345,360 Dollar
-----------------------------------------------------------



Theoretically , in 365 Days using same mentality and calculation the Profit Figure should be 859 Million Dollars

I simulated a run of 33 planes just 1 flight each and all PIA work force was paid for 1 day salary and I also paid fuel cost still made close to 2 Million in Profit in single day

PIA EXECUTIVES MUST BE MORONS TO LOSE MONEY ON SUCH A GOLDEN COW

2 Pay brackets
Grade A : 1 Lakh Salary
Grade B : 50,000 Rupee Salary

These are very average expected Monthly Salary in Pakistan


Assumption: 100% Full Flights which is what I see in PIA every time I travel on it

The planes would have to be run at 20% capacity or 10% capacity to record losses that PIA claims or there are massive salary / perks corruption taking place





So what did I proved in this Giant Calculation?

#1 If PIA operates on Day to Day profit basis , and deducts loses daily they will have close
to 2 Million Dollar profit Daily the corruption becomes visible as you break down the day
to day operation to 1 day unit.

#2 All Employees would still be paid as I showed in example

#3 The planes would have to be flying with only 10 Passengers for PIA to make such claims
of Losses or Salaries of workers are way way way higher then 50,000 or 1 Lakh per
month figures

#4 The Profit should be higher as we operate planes above 300-400 seat capacity I only demonstrated the calculation with 200 Seat concept


It is unimaginable how this company is making Losses

• ALL PIA REPORTS SHOULD BE DONE DAILY BASIS .... DAY BY DAY CHECKS AND REVIEWS
• Any Day when losses are high the Management should do a full investigation for that Day loss

DAILY ANTI-CORRUPTION REVIEW

• Planes Flew in Day
• Tickets Sold and People who flew in Day
• Fuel Cost for Day
• Airport Cost for Day
• Daily Salary Check Issued to worker'

The company should be run with Goal to make 2.5 Million Dollars daily day to day basis after all cost are paid

If anyone is collecting more then 50,000 Rupee per month or 1 Lakh rupee per month in Salary + Perks these people should be identified

 

[PakSword]

Accounting itni asaan nahi hoti..

Based on the Accounting Book PIA's planes are running 100% Free
That is 100% of revenue from Tickets = Fuel/ Expenses and People salaries put the totals into Negative zone

PIA claims some hilarious numbers which make spotting their corruption very easy for any analytics sensitive eye

PIA makes a consistent , Loss regardless of oil prices in world wide markets specially when all world airlines reported massive Profits

View attachment 504966
Lets Take the Year 2016: (As example)

• 45,381 Millions in PKR yearly loss with about 14,000 Employee force

Proper way to write the Loss : 45,381,000,000 Rupees

Lets convert these Losses into Million of Dollars @125 : 1 Rupee/Dollar ratio

• 363,048,000 Million Dollars in Losses (363 Million Dollar)

Lets just calculate their 1 Day operation and see if their Accounting Book match a very common sense approach to dis-credit their Accounting books.

Salaries: 14,000 Workers

• 50% Make 50,000 Rupee per month ~ 7,000 x 50,000 x 12 div 125 rupee = 33,600,000 (33 Million Dollars salaries paid in year)
• 50% Make 1 Lakh Rupee per month ~ 7,000 x 1,50,000 x 12 div 125 rupee = 100,800,000 (100 Million Dollars salaries paid in year)

Hourly Rate of 50% who make 50,000 rupee per month ~ 39 Rupee per hour = 0.31 Cents per hour (talking in dollar figures now)
Hourly Rate of 50% who make 1,00,000 rupee per month ~ 78 Rupee per hour = 0.62 Cents per hour (talking in dollar figures now)


Summary:

• 363 Million in Losses (50% is from your salary figure and 50% from operation)
• 133 Million Losses by Salary

Now lets look at the Operation of PIA:

When a plane Flies what kind of cost they pay ?

• Fuel
• Airport Landing Tax (Very small fee for plane to land and take off )
• Money you make = #Seats full in plane normally 100-140 seats

Lets Look at a Example Qouted on internet on Fuel cost
A Boeing 767 burns about 9,000 gallons of jet fuel on a cross-country flight. That means American Airlines pays about $34,000 in fuel costs alone for that flight, up$15,000 in just the past year.

JFK to LAX = 5 hour flight about same distance as Jeddah to Islamabad

So we can claim , ok 5 hour flight it cost $34,000 Dollar in fuel to PIA as well (Jeddah /Islamabad Route)

Here is what PIA charges for that flight $540-$659 Dollar
View attachment 504967


Now PIA due to their strategy have planes which take not 100-140 seats like in North America they have 180 to 400 Seat planes
View attachment 504968

DAY BY DAY OPERATION (Simulation Run)

Assumption for this Simulated cost Analysis
Lets Assume : 33 PIA planes had a average seating size of 200 Seats , all running on 1 god damn route Islamabad to Jeddah for Umrah

Income Earned by 33 planes 1 Trip
33 Planes x 200 Seats x $550 Charged per Ticket x 1 Way Journey = 3,630,000 dollar

Cost Incurred:
$34,000 x 33 = 1,122,000 Dollars

Employee Cost: (1 DAY SALARY PAID WHEN 33 PLANES FLEW 1 FLIGHT)
50% i.e 7,000 Employees make 50,000 rupee
7,000 x 0.32 Cents per hour x 8 hours = 17,920 Dollars (Lower Tier workers)

50 % i.e 7,000 Employees make 1,00,000 rupee
7,000 x 0.62 x 8 = 34,720 Dollars (Upper Tier workers)

Total : Employee footprint $52,640

1 Day Operation 33 planes on 1 route :
Revenue : $3,630,000 Dollars (Full Plane not including Freight money)
Fuel Cost : -$1,222,000 Dollars
Employee Foot Print : -$52,640 Dollars They don't make millions
Fee to Park at Airport : 33 planes x 300 Dollar = -10,000 Dollars
FOOD COST : $0 Passengers asked to buy own food at Airport

------------------------------------------------------------------------------------------------------
Profit in 1 Day : $2,345,360 Dollar
-----------------------------------------------------------

Theoretically , in 365 Days using same mentality and calculation the Profit Figure should be 859 Million Dollars

I simulated a run of 33 planes just 1 flight each and all PIA work force was paid for 1 day salary and I also paid fuel cost still made close to 2 Million in Profit in single day

PIA EXECUTIVES MUST BE MORONS TO LOSE MONEY ON SUCH A GOLDEN COW

2 Pay brackets
Grade A : 1 Lakh Salary
Grade B : 50,000 Rupee Salary

These are very average expected Monthly Salary in Pakistan


Assumption: 100% Full Flights which is what I see in PIA every time I travel on it

The planes would have to be run at 20% capacity or 10% capacity to record losses that PIA claims or there are massive salary / perks corruption taking place





So what did I proved in this Giant Calculation?

#1 If PIA operates on Day to Day profit basis , and deducts loses daily they will have close
to 2 Million Dollar profit Daily the corruption becomes visible as you break down the day
to day operation to 1 day unit.

#2 All Employees would still be paid as I showed in example

#3 The planes would have to be flying with only 10 Passengers for PIA to make such claims
of Losses or Salaries of workers are way way way higher then 50,000 or 1 Lakh per
month figures

#4 The Profit should be higher as we operate planes above 300-400 seat capacity I only demonstrated the calculation with 200 Seat concept


It is unimaginable how this company is making Losses

• ALL PIA REPORTS SHOULD BE DONE DAILY BASIS .... DAY BY DAY CHECKS AND REVIEWS
• Any Day when losses are high the Management should do a full investigation for that Day loss

DAILY ANTI-CORRUPTION REVIEW

• Planes Flew in Day
• Tickets Sold and People who flew in Day
• Fuel Cost for Day
• Airport Cost for Day
• Daily Salary Check Issued to worker'

The company should be run with Goal to make 2.5 Million Dollars daily day to day basis after all cost are paid

If anyone is collecting more then 50,000 Rupee per month or 1 Lakh rupee per month in Salary + Perks these people should be identified

 

[AZADPAKISTAN2009]

I think there is massive corruption in PIA

Losses claimed in 2016 :
45,381,000,000 Rupees/363,048,000 Million Dollars in Losses (363 Million Dollar)


If we fly 33 planes empty for 1 Trip in 1 Day , using all workforce they are paid their 1 Day salary

Loss for Single Day running 33 Empty planes would be

Fuel Cost : -$1,222,000 Dollars
Employee Foot Print : -$52,640 Dollars They don't make millions


If 33 planes flew around Empty for 365 Days : 465 Million Dollar in Losses makes sense , the fuel cost + salary paid 100% makes sense

PIA claim their 33 planes fly around 365 Days mostly full : 363 Million in Losses
This does not makes any sense now ....


What that means you are flying your planes close to 90% empty or 95% empty seating ????? Because this claimed losses is not possible with your planes mostly full

This is some serious serious massive corruption case

 

[Indus Pakistan]

Based on the Accounting Book PIA's planes are running 100% Free
That is 100% of revenue from Tickets = Fuel/ Expenses and People salaries put the totals into Negative zone

PIA claims some hilarious numbers which make spotting their corruption very easy for any analytics sensitive eye

PIA makes a consistent , Loss regardless of oil prices in world wide markets specially when all world airlines reported massive Profits

View attachment 504966
Lets Take the Year 2016: (As example)

• 45,381 Millions in PKR yearly loss with about 14,000 Employee force

Proper way to write the Loss : 45,381,000,000 Rupees

Lets convert these Losses into Million of Dollars @125 : 1 Rupee/Dollar ratio

• 363,048,000 Million Dollars in Losses (363 Million Dollar)

Lets just calculate their 1 Day operation and see if their Accounting Book match a very common sense approach to dis-credit their Accounting books.

Salaries: 14,000 Workers

• 50% Make 50,000 Rupee per month ~ 7,000 x 50,000 x 12 div 125 rupee = 33,600,000 (33 Million Dollars salaries paid in year)
• 50% Make 1 Lakh Rupee per month ~ 7,000 x 1,50,000 x 12 div 125 rupee = 100,800,000 (100 Million Dollars salaries paid in year)

Hourly Rate of 50% who make 50,000 rupee per month ~ 39 Rupee per hour = 0.31 Cents per hour (talking in dollar figures now)
Hourly Rate of 50% who make 1,00,000 rupee per month ~ 78 Rupee per hour = 0.62 Cents per hour (talking in dollar figures now)


Summary:

• 363 Million in Losses (50% is from your salary figure and 50% from operation)
• 133 Million Losses by Salary

Now lets look at the Operation of PIA:

When a plane Flies what kind of cost they pay ?

• Fuel
• Airport Landing Tax (Very small fee for plane to land and take off )
• Money you make = #Seats full in plane normally 100-140 seats

Lets Look at a Example Qouted on internet on Fuel cost
A Boeing 767 burns about 9,000 gallons of jet fuel on a cross-country flight. That means American Airlines pays about $34,000 in fuel costs alone for that flight, up$15,000 in just the past year.

JFK to LAX = 5 hour flight about same distance as Jeddah to Islamabad

So we can claim , ok 5 hour flight it cost $34,000 Dollar in fuel to PIA as well (Jeddah /Islamabad Route)

Here is what PIA charges for that flight $540-$659 Dollar
View attachment 504967


Now PIA due to their strategy have planes which take not 100-140 seats like in North America they have 180 to 400 Seat planes
View attachment 504968

DAY BY DAY OPERATION (Simulation Run)

Assumption for this Simulated cost Analysis
Lets Assume : 33 PIA planes had a average seating size of 200 Seats , all running on 1 god damn route Islamabad to Jeddah for Umrah

Income Earned by 33 planes 1 Trip
33 Planes x 200 Seats x $550 Charged per Ticket x 1 Way Journey = 3,630,000 dollar

Cost Incurred:
$34,000 x 33 = 1,122,000 Dollars

Employee Cost: (1 DAY SALARY PAID WHEN 33 PLANES FLEW 1 FLIGHT)
50% i.e 7,000 Employees make 50,000 rupee
7,000 x 0.32 Cents per hour x 8 hours = 17,920 Dollars (Lower Tier workers)

50 % i.e 7,000 Employees make 1,00,000 rupee
7,000 x 0.62 x 8 = 34,720 Dollars (Upper Tier workers)

Total : Employee footprint $52,640

1 Day Operation 33 planes on 1 route :
Revenue : $3,630,000 Dollars (Full Plane not including Freight money)
Fuel Cost : -$1,222,000 Dollars
Employee Foot Print : -$52,640 Dollars They don't make millions
Fee to Park at Airport : 33 planes x 300 Dollar = -10,000 Dollars
FOOD COST : $0 Passengers asked to buy own food at Airport

------------------------------------------------------------------------------------------------------
Profit in 1 Day : $2,345,360 Dollar
-----------------------------------------------------------

Theoretically , in 365 Days using same mentality and calculation the Profit Figure should be 859 Million Dollars

I simulated a run of 33 planes just 1 flight each and all PIA work force was paid for 1 day salary and I also paid fuel cost still made close to 2 Million in Profit in single day

PIA EXECUTIVES MUST BE MORONS TO LOSE MONEY ON SUCH A GOLDEN COW

2 Pay brackets
Grade A : 1 Lakh Salary
Grade B : 50,000 Rupee Salary

These are very average expected Monthly Salary in Pakistan


Assumption: 100% Full Flights which is what I see in PIA every time I travel on it

The planes would have to be run at 20% capacity or 10% capacity to record losses that PIA claims or there are massive salary / perks corruption taking place





So what did I proved in this Giant Calculation?

#1 If PIA operates on Day to Day profit basis , and deducts loses daily they will have close
to 2 Million Dollar profit Daily the corruption becomes visible as you break down the day
to day operation to 1 day unit.

#2 All Employees would still be paid as I showed in example

#3 The planes would have to be flying with only 10 Passengers for PIA to make such claims
of Losses or Salaries of workers are way way way higher then 50,000 or 1 Lakh per
month figures

#4 The Profit should be higher as we operate planes above 300-400 seat capacity I only demonstrated the calculation with 200 Seat concept


It is unimaginable how this company is making Losses

• ALL PIA REPORTS SHOULD BE DONE DAILY BASIS .... DAY BY DAY CHECKS AND REVIEWS
• Any Day when losses are high the Management should do a full investigation for that Day loss

DAILY ANTI-CORRUPTION REVIEW

• Planes Flew in Day
• Tickets Sold and People who flew in Day
• Fuel Cost for Day
• Airport Cost for Day
• Daily Salary Check Issued to worker'

The company should be run with Goal to make 2.5 Million Dollars daily day to day basis after all cost are paid

If anyone is collecting more then 50,000 Rupee per month or 1 Lakh rupee per month in Salary + Perks these people should be identified

I won't bother with giving myself migraine reading the huge figures. For me it is simple. A captain, pilot, steward, hostess, aviation engineer, fuel supply technicians, cleaners cost at least 4 times more in UK then Pakistan. Yet British Airways are making profit when they employ expensive British aircrews. Even budget airlines like Ryan Air that sell their tickets at ridicalous low prices and employ expensive British aircrews makes huge profit. So we all know PIA is one big mafia racket.

For instance London to Istanbul is less than 1,800 miles. Pakistan is just over 2 times the distance. Here are the return tickets.

Lowest round trip fares found for Istanbul to London flights
Flight
Airline name
Price
Type
Trip dates
Search date
Istanbul - London Atlasjet £78 Return 24 to 27 November 10 days ago
Istanbul - London Atlasjet £85 Return 26 February to 03 March 13 days ago
Istanbul - London Atlasjet £85 Return 28 February to 03 March 13 days ago


The average figure is £80 for return ticket . If this was applied on a flight to Pakistan the return tickets should not cost more then £200. PIA charges far higher yet it makes a loss. That make any sense?

 

[jupiter2007]

Based on the Accounting Book PIA's planes are running 100% Free
That is 100% of revenue from Tickets = Fuel/ Expenses and People salaries put the totals into Negative zone

PIA claims some hilarious numbers which make spotting their corruption very easy for any analytics sensitive eye

PIA makes a consistent , Loss regardless of oil prices in world wide markets specially when all world airlines reported massive Profits

View attachment 504966
Lets Take the Year 2016: (As example)

• 45,381 Millions in PKR yearly loss with about 14,000 Employee force

Proper way to write the Loss : 45,381,000,000 Rupees

Lets convert these Losses into Million of Dollars @125 : 1 Rupee/Dollar ratio

• 363,048,000 Million Dollars in Losses (363 Million Dollar)

Lets just calculate their 1 Day operation and see if their Accounting Book match a very common sense approach to dis-credit their Accounting books.

Salaries: 14,000 Workers

• 50% Make 50,000 Rupee per month ~ 7,000 x 50,000 x 12 div 125 rupee = 33,600,000 (33 Million Dollars salaries paid in year)
• 50% Make 1 Lakh Rupee per month ~ 7,000 x 1,50,000 x 12 div 125 rupee = 100,800,000 (100 Million Dollars salaries paid in year)

Hourly Rate of 50% who make 50,000 rupee per month ~ 39 Rupee per hour = 0.31 Cents per hour (talking in dollar figures now)
Hourly Rate of 50% who make 1,00,000 rupee per month ~ 78 Rupee per hour = 0.62 Cents per hour (talking in dollar figures now)


Summary:

• 363 Million in Losses (50% is from your salary figure and 50% from operation)
• 133 Million Losses by Salary

Now lets look at the Operation of PIA:

When a plane Flies what kind of cost they pay ?

• Fuel
• Airport Landing Tax (Very small fee for plane to land and take off )
• Money you make = #Seats full in plane normally 100-140 seats

Lets Look at a Example Qouted on internet on Fuel cost
A Boeing 767 burns about 9,000 gallons of jet fuel on a cross-country flight. That means American Airlines pays about $34,000 in fuel costs alone for that flight, up$15,000 in just the past year.

JFK to LAX = 5 hour flight about same distance as Jeddah to Islamabad

So we can claim , ok 5 hour flight it cost $34,000 Dollar in fuel to PIA as well (Jeddah /Islamabad Route)

Here is what PIA charges for that flight $540-$659 Dollar
View attachment 504967


Now PIA due to their strategy have planes which take not 100-140 seats like in North America they have 180 to 400 Seat planes
View attachment 504968

DAY BY DAY OPERATION (Simulation Run)

Assumption for this Simulated cost Analysis
Lets Assume : 33 PIA planes had a average seating size of 200 Seats , all running on 1 god damn route Islamabad to Jeddah for Umrah

Income Earned by 33 planes 1 Trip
33 Planes x 200 Seats x $550 Charged per Ticket x 1 Way Journey = 3,630,000 dollar

Cost Incurred:
$34,000 x 33 = 1,122,000 Dollars

Employee Cost: (1 DAY SALARY PAID WHEN 33 PLANES FLEW 1 FLIGHT)
50% i.e 7,000 Employees make 50,000 rupee
7,000 x 0.32 Cents per hour x 8 hours = 17,920 Dollars (Lower Tier workers)

50 % i.e 7,000 Employees make 1,00,000 rupee
7,000 x 0.62 x 8 = 34,720 Dollars (Upper Tier workers)

Total : Employee footprint $52,640

1 Day Operation 33 planes on 1 route :
Revenue : $3,630,000 Dollars (Full Plane not including Freight money)
Fuel Cost : -$1,222,000 Dollars
Employee Foot Print : -$52,640 Dollars They don't make millions
Fee to Park at Airport : 33 planes x 300 Dollar = -10,000 Dollars
FOOD COST : $0 Passengers asked to buy own food at Airport

------------------------------------------------------------------------------------------------------
Profit in 1 Day : $2,345,360 Dollar
-----------------------------------------------------------

***Remember their claim they made 383 Million Dollar losses in 2016 I mentioned top of article?

Imagine 33 planes ran "empty"
Losses in 1 Day
Fuel Cost : -$1,222,000 Dollars

365 days losses = 446 Million Dollars seems like PIA claim their planes are 95% empty or flying empty seems like a 100% Bogus claim



Theoretically , in 365 Days using same mentality and calculation the Profit Figure should be 859 Million Dollars

I simulated a run of 33 planes just 1 flight each and all PIA work force was paid for 1 day salary and I also paid fuel cost still made close to 2 Million in Profit in single day

PIA EXECUTIVES MUST BE MORONS TO LOSE MONEY ON SUCH A GOLDEN COW

2 Pay brackets
Grade A : 1 Lakh Salary
Grade B : 50,000 Rupee Salary

These are very average expected Monthly Salary in Pakistan


Assumption: 100% Full Flights which is what I see in PIA every time I travel on it

The planes would have to be run at 20% capacity or 10% capacity to record losses that PIA claims or there are massive salary / perks corruption taking place





So what did I proved in this Giant Calculation?

#1 If PIA operates on Day to Day profit basis , and deducts loses daily they will have close
to 2 Million Dollar profit Daily the corruption becomes visible as you break down the day
to day operation to 1 day unit.

#2 All Employees would still be paid as I showed in example

#3 The planes would have to be flying with only 10 Passengers for PIA to make such claims
of Losses or Salaries of workers are way way way higher then 50,000 or 1 Lakh per
month figures

#4 The Profit should be higher as we operate planes above 300-400 seat capacity I only demonstrated the calculation with 200 Seat concept


It is unimaginable how this company is making Losses

• ALL PIA REPORTS SHOULD BE DONE DAILY BASIS .... DAY BY DAY CHECKS AND REVIEWS
• Any Day when losses are high the Management should do a full investigation for that Day loss

DAILY ANTI-CORRUPTION REVIEW

• Planes Flew in Day
• Tickets Sold and People who flew in Day
• Fuel Cost for Day
• Airport Cost for Day
• Daily Salary Check Issued to worker'

The company should be run with Goal to make 2.5 Million Dollars daily day to day basis after all cost are paid

If anyone is collecting more then 50,000 Rupee per month or 1 Lakh rupee per month in Salary + Perks these people should be identified
[COLOR=rgba(0, 0, 0, 0.87)][/COLOR]

Someone needs to do complete audit of PIA including employees list and see how many can be cut (like the movie office space).
14,000 Worker??? If it's true then this number should be reduced to 8,000.
I suggest selling 60% of the shares below market rate to prevent any further loses, and sell it to any airline willing to buy it, even if it's Philippine air line.

 

[PakSword]

2016 ki Profit and Loss dekh lo..

You see the net revenue was 977 Million USD.

The fuel cost was 259 Million USD

Distribution costs were 53 Million

Admin expenses 88 Million

Other provisions 64 Million


The real pain comes from "Others".. which shows 817 Million USD.. and interest on loans 129 Million USD..

Now look at the note '31'.. Others..

 

[Indus Pakistan]

Someone needs to do complete audit of PIA including employees list and see home many can be cut (like movie office space).
14,000 Worker??? If it's true then this number should be reduced to 8,000.
I suggest selling 60% of the shares below market rate to prevent any further loses, and sell it to any airline willing to buy it, even if it's Philippine air line.

Nobody will buy it. They know that to return PIA to profitability involves clamping on the pilfering and slashing the workforce. The problem is the workforce and the HQ in Karachi are very well organised with links to political parties and media. They will cause so much grief that no foreign owner wants to get involved in such a dirty business.

 

[PakSword]

More than 30% of the "Others" is staff salaries..

 

[Indus Pakistan]

And honestly I will be surprised if the present government can do anything. The reason is PIA has extensive liks with MQM and that party is a coalition partner so I would be surprised if the government will slash and chop the workforce or go after the pilfering. Any such attempt will cause a backlash from MQM and threaten the government. That is my take. Let us see how it plays out !

 

[jupiter2007]

Nobody will buy it. They know that to return PIA to profitability involves clamping on the pilfering and slashing the workforce. The problem is the workforce and the HQ in Karachi are very well organised with links to political parties and media. They will cause so much grief that no foreign owner wants to get involved in such a dirty business.

All of this has to be done before selling it. No airline will take a chance on buying another airline that running in loss and still have 14000 employees.

Drastic steps have to be taken before selling it. Just like when you sell your house, you fix the few things tiles, kitchen, barrooms, fresh paint, etc.
All non-essential PIA employees have to be cut, if needed hire temp/contractor employees without benefit.

And honestly I will be surprised if the present government can do anything. The reason is PIA has extensive liks with MQM and that party is a coalition partner so I would be surprised if the government will slash and chop the workforce or go after the pilfering. Any such attempt will cause a backlash from MQM and threaten the government. That is my take. Let us see how it plays out !

Army business wing is running profitable businesses, If nothing works, Selling to Pakistani Army.

 

[H!TchHiker]

And honestly I will be surprised if the present government can do anything. The reason is PIA has extensive liks with MQM and that party is a coalition partner so I would be surprised if the government will slash and chop the workforce or go after the pilfering. Any such attempt will cause a backlash from MQM and threaten the government. That is my take. Let us see how it plays out !

Asad Umar has floated an idea of Independent Holding company to transfer these sick units under it with some financing ..
I think better privatize it should Army play some role and kept tighten the screw of MQM..

All of this has to be done before selling it. No airline will take a chance on buying another airline that running in loss and still have 14000 employees.

Drastic steps have to be taken before selling it. Just like when you sell your house, you fix the few things tiles, kitchen, barrooms, fresh paint, etc.
All non-essential PIA employees have to be cut, if needed hire temp/contractor employees without benefit.
Army business wing is running profitable businesses, If nothing works, Selling to Pakistani Army.

No sell it to some private business men..Most of the Army running businesses are in loss

 

[jupiter2007]

Asad Umar has floated an idea of Independent Holding company to transfer these sick units under it with some financing ..
I think better privatize it should Army play some role and kept tighten the screw of MQM..


No sell it to some private business men..Most of the Army running businesses are in loss

let the army run it.

Asad Umar has floated an idea of Independent Holding company to transfer these sick units under it with some financing ..
I think better privatize it should Army play some role and kept tighten the screw of MQM..


No sell it to some private business men..Most of the Army running businesses are in loss

Force Malik Raiz to buy it, and Pakistan government can take the money and invest it any other projects.

 

[Indus Pakistan]

Ryan Air has 13,000 employees and operates 450 aircraft. PIA has 14,000 workers and operates 33 aircraft. Workers per plane -

PIA 14,000/33 = 424
Ryan 13,000/450 = 28

Destination cities -

PIA - 53
Ryan - 220


And people wonder why PIA makes losses and other airlines make huge profits even when they employ expensive aircrews.

https://en.wikipedia.org/wiki/Ryanair
https://en.wikipedia.org/wiki/Pakistan_International_Airlines

 

[jupiter2007]

And honestly I will be surprised if the present government can do anything. The reason is PIA has extensive liks with MQM and that party is a coalition partner so I would be surprised if the government will slash and chop the workforce or go after the pilfering. Any such attempt will cause a backlash from MQM and threaten the government. That is my take. Let us see how it plays out !

MQM doesn't have much influence, it's the PPP backward people.
Best would be to sell it's share, offer it cheap to friendly countries or local or foreign businessmen.

 

[AZADPAKISTAN2009]

They should have only 2 Salary brackets

Grade A : 1 Lakh Salary/Month
Grade B : 50,000 Rupee Salary/Month


Only 133 Million Dollar for Salary of 14,000 Employees / Workers not god damn
1 Billion Dollar for Employees

Not sure why Salaries and wages are charged once and then charged again landing and handling , your salaries should cover the cost of handling crew

Beside the 133 Million for Salaries all other expenses should be frozen

And what is a Passenger Service??? You already have Staff you pay salary to serve passenger what is this new Passenger Service ???

• Your salaried staff should be helping Passengers
• If you pay salary to staff , they should train the Junior free , in their working time

This makes more sense now

Revenue : 971 Million Revenue
FUEL COST : 258 Million Dollar
Salary / Pension : 133 Million Dollars (After fixing salaries and perks )
Engineering : 40 Million Dollars

Net profit : +540 Million Dollars


We should SELL HOTEL IN NEW YORK AND PAY DOWN 100% DEBT WE CAN ALWAYS BUY A NEW HOTEL SO WE DON'T HAVE TO PAY 129 Million Dollar Interest yearly

MAKE PIA DEBT = 0 DEBT

Sale of Hotel : 3.0 Billion Dollars
PIA debt repayment : Pay it 100% down make it debt free, sell it to China/Saudia or US business entity

Sell the Hotel in Paris