Loading
13-May-2013 10:41 AM

Pakistan International Airlines remains in the red in 1Q2013

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

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More