Pakistan International Airlines almost “turned the corner”

Pakistan International Airlines (PIA) remains surprisingly optimistic for 2009, stating it had “just about turned the corner”, despite a more than doubling of losses last year. PIA’s operating loss reached USD383 million for 12 months ending 31-Dec-08, while net losses ballooned to USD456 million, compared to losses of USD74 million and USD215 million respectively in 2007. The carrier stated that due to improved passenger traffic, a drop in oil prices and relative stability of the Pakistani-Rupee in 4Q2008, it moved closer towards breaking even during the quarter, resulting in the carrier forecasting it will be profitable in 2009.

This CAPA Premium Analysis article is 910 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com