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.
FO rejects Indian claims on so-called 'Operation Sindoor’
- 7 hours ago
Attock tragedy: 2 dead, 3 missing as flood engulfs vehicle
- 8 hours ago
Nida Saleh becomes first female driver of Lahore's Orange Line Train
- 9 hours ago
ChatGPT can be a disaster for lawyers — Robin AI says it can fix that
- 10 hours ago
Govt approves Hajj Policy 2026
- 5 hours ago
German mountaineer dies after attempting Laila Peak summit, confirm officials
- 5 hours ago
Which teams take the next step in 2025? We have 11 candidates
- 7 hours ago
‘Respite’ as Sindh hikes minimum wage for workers
- 7 hours ago
Bushra Ansari reveals why her first marriage ended
- 9 hours ago
TikTok introduces new features to enhance child safety and creator experience
- 6 hours ago
The Drifter is a good old-fashioned thriller
- 10 hours ago
SBP keeps policy rate unchanged at 11pc
- 9 hours ago
