cloud4000
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- Oct 11, 2015
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PIA should be privatized and given off to Chinese - about 70% of it's shares and sell 30% in PSX.
This formula should be implemented to all the Govt. owned Entities.
Privatization is a fine idea, but these entities deserve a fair price, especially given the amount of government money spent on it just to keep the lights on. Turn it into a stock company, sell a controlling interest (51%) and retain the rest. If the airline is in profit, the government should sell it's shares in the open market. The poor taxpayer must get some benefit out of this deal.
Most Airlines world wide have complimentary service of upgrading a passenger to Frist class if a seat is available.
This gives a Economy passenger a chance to experience the premium service
Positive word to mouth marketing
Flying a plane with empty frist class seat is not ideal and I am sure it is not the case
- Also with Oil at record low rates for 2 years PIA should be reporting a operational Profit, minus the loss of ATR plane due to crash
Airlines two biggest expenses are jet fuel and labor. PIA is a bloated airline with too many people working for so little revenue, let alone profit. Doesn't matter what oil price is, an airline will lose money if labor costs are also not under control. PIA needs to be right-sized to be profitable.