PIA 2015 Annual Financial Statement

[Abbas Ali]

PIA 2015 annual financial statement has been made available on airline's website. Directors' Report is still unavailable for this time period.

The airline suffered loss of 32.13 billion rupees in year 2015, according to the financial statement.


Source: PIA

Abbas

[uzairali]

Revenue fell by $100m

Fuel saving was over $200m dollars and still pia suffered $302 million. Still PIA has more loss than 2014. And 20 million in exchange loss? That was 30m profit in 2014. If it maintained that then loss today will be 250m. USD and other currency stayed relatively the same in 2015 due to stable rupee.

Pia could buy 3 a321 outright with that much brand new in one day (considering airlines usually pay 50-80m for one on discount)

[Abbas Ali]

For year 2015, PIA reported pre-tax loss of 29.9 billion rupees - an increase in loss by two percent compared to year 2014.


Source: PIA

Abbas