My Account Menu

CAPA Login

Register to trial CAPA Membership!

Pakistan International Airlines loses USD234 million in 1H08


For the first six months of 2008, Pakistan International Airlines (PIA) has posted a loss of USD234 million, representing a 133% increase year-on-year. 1H08 revenues stood at USD481 million up 8.8% over 1H07. PIA stated the increase in loss was due to massive provisions, which had to be made in 2Q08. According to Managing Director, Aijaz Haroon, “PIA is involved in some disputes which the past management had not shown as a liability”. A 24% depreciation of the Rupee against the USD and a 38% increase in fuel costs also had a significant impact on the carrier’s results. [446 words]

Unlock the following content in this report:


  • Resumes service to Nawabesh

Graphs and data:

  • PIA financial highlights: six months ended 30-Jun-08
  • PIA's current fleet
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.