30-Apr-2010 12:10 PM
Pakistan International Airlines reports widening net loss in 1Q2010
Pakistan International Airlines reports the following financial highlights for the three months ended 31-Mar-2010 (Bloomberg, 29-Apr-2010):
- Revenue: USD294.9 million, +7.9% year-on-year;
- Operating costs:
- Fuel: USD101.2 million, +46.2%;
- Net profit (loss): (USD30.8 million), compared to a loss of USD24.5 million in the previous corresponding period.
*Based on the conversion rate at USD1 = PKR83.76