2-Nov-2010 11:56 AM
PIA revenue up 15%, operating loss narrows in 3Q2010
Pakistan International Airlines reports (01-Nov-2010) the following consolidated financial highlights for the three months ended 30-Sep-2010:
- Revenue*: USD321.1 million, +14.8% year-on-year;
- Cost of services: USD291.9 million, +17.0%;
- Fuel: USD130.2 million, +36.9%;
- Landing and handling: USD36.5 million, +19.3%;
- Labour: USD28.1 million, +13.8%;
- Other costs: USD49.3 million, -22.9%;
- Operating profit (loss): (USD20.1 million), compared with a loss of USD33.8 million in p-c-p;
- Profit (loss) before tax: (USD48.0 million), compared with a loss of USD61.4 million in p-c-p;
- Net profit (loss): (USD52.4 million), compared with a loss of USD60.2million in p-c-p;
- Net operating cash flow: USD50.6 million, compared with a negative cash flow of USD27.6 million in p-c-p;
- Passenger numbers: n/a, +9.4%;
- Yield: USD 6.81 cents, +1.4%;
- Total assets: USD2,417 million, +0.6% when compared with the period ended 31-Dec-2009;
- Cash and bank balances: USD90.9 million, +66.5% when compared with the period ended 31-Dec-2009;
- Total liabilities: USD1,781 million, -4.3% when compared with the period ended 31-Dec-2009. [more]
*Based on the conversion rate at USD1 = PKR85.95