PIA’s monthly operational losses reduced to Rs1.5 billion from Rs3 billion
Currently, 29 aircrafts are operational as compared to the previous 23.
- The tireless efforts of the PIA has finally shown results – reducing the monthly operational cost to less than half.
- Support from the business community improved cargo’s capacity to 80% from 20%.
CEO of PIA, Air Marshal Arshad Mahmood Malik, said that the day and night efforts of PIA management are finally bearing fruits as monthly operational loss of the entity has been decreased to Rs1.5 billion. The figure previously stood at Rs3 billion.
During his visit to the Karachi Chamber of Commerce and Industry (KCCI) on Tuesday, Malik said that the dedication of the PIA officers, who have been part of the national entity for many years, played a viable role in reducing the monthly operational cost.
“However, a lot more still needs to be done to deal with PIA’s liabilities as whatever is earned by the airline is mostly spent on debt servicing,” CEO.
CEO further added that, in total, PIA has 31 aircrafts in its fleet and previously only 23 were operational. However, currently 29 are working after the reforms implemented by the staff.
In the coming year, PIA is planning to add 3 to 5 aircrafts in its fleet. This will help the business community aiming to take direct flights to Canada and London.
While talking about cargo operation of PIA, the CEO said that with the support from business community cargo’s capacity, it has improved to 80 percent from previous 20 percent.
Learning from the past
“PIA has the potential to grow but unfortunately due to poor policies and management style the issues faced by the airline were largely ignored over the past 10 to 12 years, which resulted in overstaffing and excessive liabilities,” he said.
Moreover, the CEO suggested that to make PIA into a profitable organization, we need to critically examine our previous mistakes and introduce reforms accordingly.
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