In 2019 PIA’s revenue increased by Rs29 billion as compared to 2018

PIA's net operating deficit decreased by 48.7 percent in six months, compared to a budget deficit of 36 percent in the first six months of this year.

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  • In the first six months of this year, revenue has increased by 44% while operational losses were also reduced by 76%.
  • The national airline revenue this year compared to last year increased by Rs29 billion.

PIA's

PIA’s deficit has dropped from Rs38 billion and 50 crores to Rs32 billion. During the first 6 months of the current year, PIA deficit has decreased from Rs21 billion to Rs5 billion, while operational losses have also decreased by 76 percent.

According to the financial report of the aviation ministry, the implementation of the PIA reforms has started to show viable results. Revenue has also increased due to the addition of other profitable routes, including the Gulf countries, Saudi Arabia.

In the first 6 months of the current year, the national airline deficit has declined drastically. Moreover, it has reached to Rs5 billion from Rs21 billion.

Operational Losses

Moreover, in the first six months of this year, revenue has increased by 44% while operational losses were also reduced by 76%.

According to a report submitted by the Ministry of Aviation, PIA’s performance was excellent from January 1 to June 30, 2019.

PIA's

Good Performance against Budget Deficit

PIA’s net operating deficit decreased by 48.7 percent in six months, compared to a budget deficit of 36 percent in the first six months of this year.

The report said that in the first six months of FY 2018, PIA suffered a loss of Rs38 billion and 50 crore, which now stands at Rs32 billion.

In the first 6 months of 2018, PIA has generated revenue of Rs65 billion 70 crores 23 lakhs. However, in the first 6 months of 2019, the revenue of Rs94 billion 73 crores 80 lakhs has been generated. Hence, the national airline revenue this year compared to last year increased by Rs29 billion.


Also See:

PIA Posts Unconsolidated Financial Results, States It Faced A Loss Of Rs. 67 Billion In 2018

What are your views on this? Share with us in the comments bar below.

  • Best way to get into profit is by using same employees and adding more aeroplanes. Over staffing is evident in PIA, I am frequent traveller I can see improvement in PIA but more planes should be added to get into profit. May technology can help.

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