PIA Losses Surge to Over $4 billion

The country’s flagship carrier, Pakistan International Airlines, is slipping further into losses by each passing day and the management appears to have no clue how to save the ‘sinking Titanic’.

Advisor to Prime Minister on Aviation, Sardar Mehtab Abbasi, told a private TV channel that the airline’s losses have surged to $4 billion, because neither the government nor the airline’s management or its employees are ready to own it.

Sardar Mehtab, however, expressed hope that the airline would be able to turn around its affairs if it utilizes its resources to the full. “There is a lot of talent, a lot of potential, if they [PIA] utilize their potential to the maximum then things can change,” he said.

The mounting losses even prompted the management to mull discontinuing flight operations to the United States, it was reported earlier.

However, a PIA spokesperson had dismissed the reports, saying the airline was seriously considering devising an effective strategy to minimize expenses for running the US-bound flights but would continue the flights until further notice.

According to the PIA’s financial statement for up to September 2016, the airlines’ total liabilities have mounted to Rs 349 billion, against only Rs 113.8 billion worth of assets.

On the question of privatization Sardar Mehtab told that if the government makes the airline loan-free, it can be revived and there will be no need of privatization. For new investments, PIA is looking for strategic investor and Asian Development Bank has given a proposal, he added.


  • lol … another editor says 146 billion losses and you are saying 4 billion what is correct ?

  • Itna Lose Agar Private Idhare Ko Hota to Wo 3 Kaam Karti :
    1) Loan Leti & Payment Arrange Karti Future K Liye
    2) Management Staff Changed Karti (Q?K Private Wale Nuqsaan Main Nahi Hote)
    3) PIA Switch Off Or Sold


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