Pakistan International Airlines revenue up 6.7%, falls into the red in 1Q2010

Pakistan International Airlines revenue up 6.7% – unconsolidated financial highlights for the three months ended 31-Mar-2010:

• Operating revenue: USD272.1 million, +6.7% year-on-year;
  • Excess baggage: USD3.2 million, +15.8%;
• Operating costs: USD277.7 million, +21.0%;
  • Fuel: USD101.0 million, +44.8%;
  • Labour: USD28.8 million, +17.3%;
• Operating profit (loss): (USD5.6 million), compared to a profit of USD23.5 million in the previous corresponding period;
• Profit (loss) before tax: (USD28.8 million), compared to a loss of USD24.4 million in the previous corresponding period;
• Net profit (loss): (USD30.1 million), compared to a loss of USD24.4 million in the previous corresponding period;
• Passenger traffic (RPKs): +8.6%;
• Seat factor: 58.6%, +18.9 ppts. [more]

*Based on the conversion rate at USD1 = PKR83.96