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Pakistan International Airlines remains in the red in 1Q2013

13-May-2013 10:41 AM

Pakistan International Airlines revenue down 4% – financial highlights for three months ended 31-Mar-2013:

  • Revenue: PKR27,622 million (USD282.2 million), -3.7% year-on-year;
    • Passenger: PKR22,459 million (USD229.5 million), -6.4%;
    • Cargo: PKR1532 million (USD15.7 million), +13.7%;
    • Excess baggage: PKR225.4 million (USD2.3 million), -11.5%;
  • Costs:
    • Fuel: PKR14,244 million (USD145.5 million), -6.0%;
    • Labour: PKR3322 million (USD33.9 million), -26.2%;
  • Operating profit (loss): (PKR4300 million) (USD43.9 million), compared to loss of PKR4893 million (USD50.0 million) in p-c-p;
  • Net profit (loss): (PKR7461 million) (USD76.2 million), compared to a loss of PKR7909 million (USD80.8 million) in p-c-p;
  • Total assets: PKR200,933 million (USD2053 million), +3.9% when compared to period ended 31-Dec-2012;
  • Total liabilities: PKR287,791 million (USD2940 million), +5.7% when compared to period ended 31-Dec-2012. [more - original PR]

*Based on the average conversion rate at USD1 = PKR97.8753