PIA revenue up by 12pc in six months

[khanboy007]

Pakistan International Airlines (PIA) is continuing on path of recovery as during last six months the revenue increased by Rs 6 billion or 12 percent to Rs 53.4 billion as against Rs 47.6 billion during the first six months of 2013.

The national flag carrier also earned a gross profit of Rs 339 million whereas the decline in operational losses stood at 80 percent to Rs 2.5 billion and 45 percent reduction in loss after tax to Rs 10 billion compared with Rs 18.4 billion in the corresponding period of 2013.

This was told in PIA’s 359th Board of Directors meeting which was held at the airlines Head office. PIA Chairman Muhammad Ali Gardezi chaired the meeting. Managing Director Shahnawaz Rehman was also present in the meeting.

The board was informed that during the first six months of 2014, the airline managed to restrict loss to 10.1 billion which is Rs 8.25 billion less as compared to the corresponding period of 2013. The main reasons for reduction in loss were due to higher revenue and controlled expenditure.


PIA revenue up by 12pc in six months | Pakistan Today

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[VCheng]

So it still lost PKR 10 billion?! In 6 months?

 

[Imran Khan]

one of the worse on earth

 

[ASTRA-2017]

yaar title to pura likho
mujhe lage PIA ka revenue 12 paise bad gya hai. main soch me pad gaya ki in logo ko kya ho gya 12 paise ke liye thread khol diya.
chalo air india se to badiya hi hai pia. air india ka to loss increase hota hai profit nahi

 

[forcetrip]

So it still lost PKR 10 billion?! In 6 months?

From 18b the 6 months before that. Thats like half the idiots they were half an year ago.

 

[VCheng]

From 18b the 6 months before that. Thats like half the idiots they were half an year ago.

As if half an idiot is any less stupid than a full idiot.

 

[Green Arrow]

PIA needs to privatise now

 

[ziaulislam]

PIA needs to privatise now

noone is going to buy an organization with 3 billion dollars of liability and 10 times work fore that is not suited to work at all

 

[Wolfhound]

noone is going to buy an organization with 3 billion dollars of liability and 10 times work fore that is not suited to work at all

Then they should reduces the staff themselves, fastest way to get back on track.

 

[ziaulislam]

Then they should reduces the staff themselves, fastest way to get back on track.

and who will do that, who will take the blame?
there is no example of this being done by any democratic govt in past including PML N.