PIA 2014 Annual Financial Result

[Abbas Ali]

PIA suffered post-tax loss of 32.22 billion rupees in year 2014.


Source: PIA

Abbas

[Abbas Ali]

Summary of losses suffered by PIA from 2005 to 2014.

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.
32.22 billion rupees loss (after tax) in year 2014.

Total: 229.73 billion rupees loss accumulated since 2005.

Abbas

[Abbas Ali]

PIA losses before tax fall by 34.4 percent

June 01, 2015 - Due to positive management, reduction in fuel prices and better economic conditions, Pakistan International Airlines (PIA) loss before tax reduced by 34.4 percent in 2014 as compared to the previous year. In addition, the airline's seat factor increased to 72 percent and the better yields resulted in an almost eight percent increase in passenger revenue.

In addition, strict control and better economic environment helped to keep costs down and expenses decreased by almost 10.6 percent. The airline, however, reported a loss before tax of Rs 29.3 billion in 2014 in comparison to a loss of Rs 44.7 billion in 2013.

Source: brecorder.com