15-Jun-2011 12:24 PM

Pakistan International Airlines suffers USD71m loss over three months

Pakistan Minister for Defence Chaudhary Ahmad Mukhtar informed the Pakistan National Assembly that Pakistan International Airlines (PIA) suffered a loss of PAK6.1 billion (USD71.3 million) between from Feb-2011 and April 2011 (Daily News, 13-Jun-2011). He denied reports that the carrier’s losses over the period were as high as USD115 million.