PIA’s financial losses mount to $4 billion

[wiseone2]

lol not all airline its only ours, learn something from Emirates, Etihad etc. how they make profits.
PIA is the company which helps making Emirates & Etihad airlines in training and knowledge and see where they are and where we are

Air India, PIA are not alone in their troubles. The list of troubled airlines is long.

I am sorry to say if the Emirates took the training from PIA in all matters they would be in the dumps. Emirates is backed by UAE which wants to make Dubai the regional hub.

 

[El Sidd]

Air India, PIA are not alone in their troubles. The list of troubled airlines is long.

I am sorry to say if the Emirates took the training from PIA in all matters they would be in the dumps. Emirates is backed by UAE which wants to make Dubai the regional hub.

how wise of you.
i am sorry but please refrain from commenting on everything when you do not know the facts.
Emirates only have the advantage of fuel which comes to it half the price than any other airline.
EK601 was its first flight and it flew from Dubai to Karachi in 1986 i remember.
Anyone with a basic knowledge or interests in aviation industry can tell you how Pakistan and Pakistanis managed to put Emirates along with UAE on the map.
@Khafee here deal with him.

 

[wiseone2]

how wise of you.
i am sorry but please refrain from commenting on everything when you do not know the facts.
Emirates only have the advantage of fuel which comes to it half the price than any other airline.
EK601 was its first flight and it flew from Dubai to Karachi in 1986 i remember.
Anyone with a basic knowledge or interests in aviation industry can tell you how Pakistan and Pakistanis managed to put Emirates along with UAE on the map.
@Khafee here deal with him.

I am sure deep pockets of UAE, hiring British Airways executive as CEO and partnerships with US Airways had no role in their rise

 

[El Sidd]

I am sure deep pockets of UAE, hiring British Airways executive as CEO and partnerships with US Airways had no role in their rise

next time when you meet an Arab just convince him that all the success is down to a white man and report back what he says.
you have a very narrow minded approach yet dream of globalization.

 

[wiseone2]

next time when you meet an Arab just convince him that all the success is down to a white man and report back what he says.
you have a very narrow minded approach yet dream of globalization.

knowing how to run a small shop does not mean you can run a network of big supermarkets.
Emirates has a fleet 10 times larger than the PIA.

The Arab man in the street does not hire the CEO of Emirates

 

[SorryNotSorry]

if they accounted for all the smuggled drugs- the company would show profitability.

 

[El Sidd]

knowing how to run a small shop does not mean you can run a network of big supermarkets.
Emirates has a fleet 10 times larger than the PIA.

The Arab man in the street does not hire the CEO of Emirates

when the world is moving towards micro management you are selling the opposite point of view.

i can understand that your ego demands that you downplay Pakistan and Pakistanis so i hope you are satisfied with the title as well.

 

[Khafee]

I am sure deep pockets of UAE, hiring British Airways executive as CEO and partnerships with US Airways had no role in their rise

You can play semantics all you want, but before opening your mouth, go do some research and look at who did Emirates lease the aircraft from, when it first started operations. If you ever do get the chance do visit EK ops & maint. and see who are the top people there.

Hiring BA exec, or XYZ is not an exclusive domain, Air India, or anyone else CAN do that, who is stopping them?

Partnership with US airways - as in code sharing, and if you live on this planet, don't know how you have been oblivious to the fact that US airlines, because of their pathetic service, and high overheads have been crying because of lean efficient competitors, who truly provide value for money.

Instead of pointing fingers at others, look at the bureaucracy, and corruption that plagues both PIA and Air India.

Do look into why Air India had to sell one of the most fuel efficient aircrafts in the history of aviation - the 777. As an aviation enthusiast, I was saddened that Air India was disposing of these a/c's, but not surprised.

 

[wiseone2]

You can play semantics all you want, but before opening your mouth, go do some research and look at who did Emirates lease the aircraft from, when it first started operations. If you ever do get the chance do visit EK ops & maint. and see who are the top people there.

Emirates airline is a not private public traded corporation. They benefit from deep pockets of the royal family. You cannot compare it to Singapore Airlines or Cathay Pacific.

Hiring BA exec, or XYZ is not an exclusive domain, Air India, or anyone else CAN do that, who is stopping them?

Any smart executive who cares about his reputation and career would not join Air India or PIA. Air India cannot pay a foreign executive in millions of dollars while a lot of support staff makes pennies. It does not work in a democracy like India. It will be exploited by airline employee unions. It does not work in a country with history of colonial rule.

Pakistanis made a scapegoat of a German who had the misfortune of working for the PIA
https://www.thenews.com.pk/print/194556-FIA-starts-probe-into-PIA-aircraft-sale-to-German-firm

Partnership with US airways - as in code sharing, and if you live on this planet, don't know how you have been oblivious to the fact that US airlines, because of their pathetic service, and high overheads have been crying because of lean efficient competitors, who truly provide value for money.

All the major American airlines are well run. You can fly from one end of the country to the other corner for $300.
The safety records are best in the world. Some of them faced financial problems because of intense competition.

Instead of pointing fingers at others, look at the bureaucracy, and corruption that plagues both PIA and Air India.

Do look into why Air India had to sell one of the most fuel efficient aircrafts in the history of aviation - the 777. As an aviation enthusiast, I was saddened that Air India was disposing of these a/c's, but not surprised.

Air India is a mess. It is like another government run company.
government run companies do not work in India. it is a cultural problem.
Why don't you look at the private Indian airlines ? that is the future.

 

[313ghazi]

lol
there goes one bhasha dam(without the electric turbines which can be added later)
or deal for 24 typhoons
0r 3 gawadar like ports
or lahore to karachi motorway


and for what?
what do we gain by owning a airways...like honestly what?..apart from being humiliated everyday in news when PIA people are caught money,drug laundering...so why?

answer is: corruption by civilian, military and judiciary

That is exactly what they want. To strip us of a national asset. PIA is deliberately being setup to fail so it can be sold.

It has a employee to plane ratio of 780:1. Meanwhile in comparison Turkish airlines have 81:1. Emirates has 236:1, Air india has 108:1. https://www.dawn.com/news/1095492

Look at these figures, Malta is complaining about 143:1 - https://www.timesofmalta.com/articl...maltas-worker-to-plane-ratio-very-high.579217

 

[django]

U took a picture of yourself wearing only underwear and a t-shirt. Why would you use that as your avatar?? @django check this out

I guess he wants to apply as an air hostess,,,,,I have already complained about this confused chap kami Leone, his DP is debauch and the fact it is on a defence forum is even more incomprehensible, if i was a mod i would ban him...PERMANENTLY.Kudos dear

 

[Leviza]

PIA need to stop giving away free tickets to its employees , ex employees, MNAs etc

I have friend whose parents used to work for PIA and they get free tickets to London
Even if they use any other flights they just pay airport taxes and rest goes to PIA

Only ppl who go out or use PIA for official purposes should get company tickets

 

[U-571]

PIA need to stop giving away free tickets to its employees , ex employees, MNAs etc

I have friend whose parents used to work for PIA and they get free tickets to London
Even if they use any other flights they just pay airport taxes and rest goes to PIA

Only ppl who go out or use PIA for official purposes should get company tickets

it is a very well known fact that govt agencies use PIA for drug trafficking, many drug smugling attmpts have ben busted in london and keep busting

when such things happen then stopping free tickets in the least of PIA problems

 

[Sully3]

The current PM of pakistan MR Abassi owns Air Blue PIA's biggest competition.
so yes this is hopefully the final nail in PIA's coffin.

 

[monitor]

PIA’s financial losses mount to $4 billion

• Sardar Mehtab Abbasi holds previous govts, PIA's management and employees responsible for its destruction

ISLAMABAD – Advisor to Prime Minister on Aviation Sardar Mehtab Abbasi on Tuesday terming Pakistan International Airlines “the sinking Titanic” said that its financial losses have surged to $4 billion.

Talking to media after checking refurbished plane Boeing 777 in Karachi, he held responsible all previous government employees, PIA’s employees and its management for the destruction of national flag carrier as they are not ready to own it.

Sardar Mehtab said that there is a need to rescue PIA from financial losses, adding that all it can be realised by utilising all available resources.

Regarding stopping flights to the US, he said that this route inflicted a loss, therefore, it has been decided to suspend the flight operation towards America.

Talking about the alleged sale of a PIA aircraft to a German museum, Sardar Mehtab termed the decision of former CEO a “mistake.”

PIA incurs losses worth over Rs146 billion in last 4 years

Muhammad BilalUpdated October 10, 2017
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The Pakistan International Airlines (PIA) suffered losses amounting to more than Rs146 billion during the last four years, according to a statement submitted by the Minister in Charge of the Aviation Division.

The details, submitted in response to a question by PPP MNA Shahida Rehmani during the National Assembly session on Monday, stated that after rising losses in 2013, the trend reversed in 2014 and 2015, with the airline incurring 27 per cent less losses.

However, the reply stated, a surge in losses in 2016 was expected due to increasing financial expenses resulting from PIA's acquisition of new aircraft on lease and payment of mark-up on legacy loans, among other things.

The national flag-carrier thus incurred estimated losses worth Rs37bn in 2016 alone.

ARTICLE CONTINUES AFTER AD
According to the details provided by the minister, the airline incurred the following losses in past four years:

• 2013: 44.32 billion
• 2014: 32.22 billion
• 2015: 32.53 billion
• 2016: 36.95 billion (estimated)

The revelation comes as the national carrier is mulling suspending its flight operation for the United States from January next year, primarily because of ‘low traffic’.

The airline has stopped booking for its twice-a-week flights for New York from November onward. However, it will continue to operate its two weekly flights — Lahore-New York and Karachi-Lahore-New York — until Dec 31.

“The PIA is considering closing its flight operation for the US till the financial health of the organisation improves,” a senior official privy to the development had told Dawn on Saturday. “The national flag carrier is already facing acute financial crunch, therefore, it cannot operate on routes which are running in losses,” the official had said, adding that the PIA’s accumulative loss was over Rs300 billion.

When contacted, PIA spokesman Mashood Tajwar had said that the decision regarding continuing the flight operation for New York after December would be taken in the coming weeks.

Mubarak ho bhaijan your national carrier is same as ours a loss making entity a symbol of corruption mismanagement .