Mr. Khalilullah Sheikh to join PIA as Chief Finance Officer
Mr. Khalilullah Sheikh will join the national airline and perform duties in the said capacity.
Pakistan International Airline (PIA) is on road to improvement and is working to reclaim its lost spirit. After years of criticism, compromised and services going downhill, it has successfully been able to overcome losses and reach break-even on operational losses recently.
It was further revealed that the revenue was elevated to 8-8.5 billion a month during the third quarter (January-March) compared to Rs 7 billion during the same period in last year.
“PIA has achieved breakeven at the operational level. It, however, may take three to four years to report a net profit. The good news is that our operating cost was slightly lower than the monthly revenue or was almost equal” – said CEO Air Vice Marshal Noor Abbas, while speaking to a local news source.
Seat occupancy rate per flight during the period under review also increased to around 90%, which was 70% during the same period last year.
Mr Khalilullah Sheikh joins PIA family as the Chief Financial Officer
Following a competitive hiring process, Mr Khalilullah Sheikh will be performing the responsibilities of Chief Financial Officer. His appointment is in line with Prime Minister Imran Khan’s vision to revive the national carrier and make it a profitable entity once again.
His appointment is expected to improve the department in financial management. Due to his extensive experience in finance and more importantly financial change management with proven records of contributing towards taking companies to the customer-centric and profitable national asset.
On its way to revival:
Following PM Imran Khan’s vision to change and revival, PIA has taken a route to revolution. This is yet another step in the right direction following many that have improved the services even in the short time that this management has been in office.
Recently, PIA announced a break even in operating profit and other positive changes in PIA include expansion in networks, improved flight timings, greater hospitality and care by PIA staff, increased cargo load factor, improved engineering services, online Passenger Service System, leaner structure, and greater transparency and accountability in operations and this is just what has started.
There is much more in the works like additions in the fleet, and further improving the inflight experience, as the PIA official informed regarding the future of national flag carrier.
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