Pakistan International Airlines has suffered a significant loss exceeding 36.770 billion rupees.
Karachi: Pakistan International Airlines (PIA) has incurred a substantial loss of more than 36.770 billion rupees in a short span of three months.
The financial results for the quarter ending March 2023 revealed that PIA's loss per share has widened from Rs 2 60 paise to Rs 7 2 paise.
During the January-March 2023 period, PIA recorded an income of 59 billion rupees, reflecting a quarterly increase of 24 billion rupees compared to the previous year.
However, the pre-tax gross profit stood at Rs 5 billion for the three-month period.
A spokesperson stated that expenses on salaries and running costs amounted to 28 billion 55 crore rupees during the last quarter, with salaries and running expenses surpassing the 21 billion rupee mark of the previous quarter.
Authorities highlighted that PIA's fuel expenditure for the March 2023 quarter reached a staggering Rs 25 billion 60 crore.
Deezer says AI song uploads have nearly overtaken human music
- 3 hours ago
China warns Middle East at ‘critical juncture’ after Trump extends ceasefire
- 2 hours ago
Iran says US naval blockade has little impact on food supply
- 2 hours ago
Canva’s CEO on its big pivot to AI enterprise software
- 3 hours ago
Pete Hegseth’s spiritual leader explains his radical faith
- 10 hours ago
Silicon Valley has forgotten what normal people want
- 3 hours ago
Is “time confetti” ruining parenthood?
- 10 hours ago
Birdfy’s new 4K feeder wants to teach you about the birds it identifies
- 3 hours ago
Israel’s critics are winning the battle for the Democratic Party
- 10 hours ago
Pakistan condemns storming of Al-Aqsa Mosque compound
- 2 hours ago
La-Z-Boy’s recliners and sofas are getting built-in Klipsch speakers
- 3 hours ago
Death anniversary of Moin Akhtar being observed today
- 34 minutes ago
