PIA Year 2022 First Quarter Financial Result

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Abbas Ali
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Location: Pakistan

PIA Year 2022 First Quarter Financial Result

Post by Abbas Ali »

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PIA reports PKR 13.59 billion (post tax) loss in the Q1 - First Quarter (January, February, March) of year 2022.

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Source: PIA

Abbas
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Amaad Lone
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Joined: Fri Aug 06, 2004 12:10 am
Location: Lahore

Re: PIA Year 2022 First Quarter Financial Result

Post by Amaad Lone »

The finance cost of PIA has sky rocketed.

This is because of reckless borrowing of the airline (and Pakistan).

The ONLY SOLUTION that I have been suggesting for15 years.

SELLT THE HOTELS, pay off as much loans as possible and reduce interest payments.

With rate hike since April of this year PIA finance cost will only rise more.

PIA must reduce its debt otherwise this airline will never become viable.
P.I.A

God's International Airline