PIA Annual Financial Report for Year 2013

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Abbas Ali
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PIA Annual Financial Report for Year 2013

Post by Abbas Ali »

PIA suffered after-tax loss of 44.53 billion rupees in year 2013, according to financial report now made available on airline's official website.

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Source: piac.com.pk

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Abbas Ali
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Location: Pakistan

Re: PIA Annual Financial Report for Year 2013

Post by Abbas Ali »

For first three quarters (January 1 to September 30) of 2013 PIA reported after-tax loss of 31.94 billion rupees.

It means the airline suffered after-tax loss of 12.59 billion rupees in last quarter (October 1 to December 31) of 2013.

Summary of losses suffered by PIA from 2005 to 2013

4.41 billion rupees loss (after tax) in year 2005.
12.76 billion rupees loss (after tax) in year 2006.
13.39 billion rupees loss (after tax) in year 2007.
35.88 billion rupees loss (after tax) in year 2008.
5.82 billion rupees loss (after tax) in year 2009.
20.78 billion rupees loss (after tax) in year 2010.
26.76 billion rupees loss (after tax) in year 2011.
33.18 billion rupees loss (after tax) in year 2012.
44.53 billion rupees loss (after tax) in year 2013.

Total: 197.51 billion rupees loss accumulated since 2005.

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