Loading
1-Sep-2010 11:53 AM

Pakistan International Airlines revenue up 17.6% but losses widen in 1H2010

Pakistan International Airlines revenue up 17.6% –full financial highlights for the six months ended 30-Jun-2010:

  • Revenue*: USD577.3 million, +17.6% year-on-year;
    • Excess baggage: USD5.7 million, +7.5%;
  • Operating costs:
    • Fuel: USD227.9 million, +57.3%;
  • Operating profit (loss): (USD20.5 million), compared with a loss of USD12.3 million in p-c-p;
  • Profit (loss) before tax: (USD75.0 million), compared with a loss of USD68.4 million in p-c-p;
  • Net profit (loss): (USD80.8 million), compared with a loss of USD64.2 million in p-c-p;
  • Passenger numbers: 2.9 million, +8.4%;
  • Load factor: 76.2%, +4.0 ppts;
  • Yield: USD 7.05 cents, +8.3%;
  • Total assets: USD1,852 million, -1.2%;
  • Cash and bank balances: USD28.0 million, +221.8%;
  • Total liabilities: USD2,162 million, +2.1%;
  • Net operating cash flow: (USD5.2 million), compared with a negative cash flow of USD24.2 million in p-c-p. [more]

*Based on the conversion rate at USD1 = PKR85.41

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