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Pakistan International Airlines revenue up 17.6% but losses widen in 1H2010

1-Sep-2010 11:53 AM

Pakistan International Airlines revenue up 17.6% –full financial highlights for the six months ended 30-Jun-2010:

  • Revenue*: USD577.3 million, +17.6% year-on-year;
    • Excess baggage: USD5.7 million, +7.5%;
  • Operating costs:
    • Fuel: USD227.9 million, +57.3%;
  • Operating profit (loss): (USD20.5 million), compared with a loss of USD12.3 million in p-c-p;
  • Profit (loss) before tax: (USD75.0 million), compared with a loss of USD68.4 million in p-c-p;
  • Net profit (loss): (USD80.8 million), compared with a loss of USD64.2 million in p-c-p;
  • Passenger numbers: 2.9 million, +8.4%;
  • Load factor: 76.2%, +4.0 ppts;
  • Yield: USD 7.05 cents, +8.3%;
  • Total assets: USD1,852 million, -1.2%;
  • Cash and bank balances: USD28.0 million, +221.8%;
  • Total liabilities: USD2,162 million, +2.1%;
  • Net operating cash flow: (USD5.2 million), compared with a negative cash flow of USD24.2 million in p-c-p. [more]

*Based on the conversion rate at USD1 = PKR85.41