Pakistan's national airline posts first annual profit in two decades

Pakistan's national airline posts first annual profit in two decades

ISLAMABAD: Pakistan's national carrier has posted an annual profit for the first time in more than two decades ahead of a second attempt by the government to sell the airline, the country's defence minister said. The disclosure was made at a Pakistan International Airlines (PIA) board meeting, the minister

PIA ‘achieves net profit’ after 21 years

Khawaja Asif says privatisation process would benefit from this.

PIA set to report first profit in two decades

Pakistan International Airlines (PIA) is poised to report its first annual profit in more than two decades, marking a significant turnaround for the national carrier as it moves forward with plans to sell the airline, according to documents seen by Bloomberg. PIA recorded earnings per share of Rs5.01 for the year ending in December, its first profitable year since 2003, based on audited financial statements. The results are expected to be submit…

PIA Posts First Profit in 21 Years

Pakistan International Airlines (PIA) has achieved a significant milestone by posting a net profit of Rs26.2 billion for the year 2024, marking its first profitable year since 2003 after 21 years of continuous losses. The operational profit for the year stood at Rs9.3 billion, with an operating margin exceeding 12%, comparable to some of the world’s top-performing airlines. This turnaround is attributed to comprehensive reforms implemented by th…

PM hails PIA earning profit after 20 years as “major turnaround"

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday said that Pakistan International Airlines’ return to earning profit after 20 years was a “major turnaround” after decades of losses. “Another good news! Alhamdolilah! PIA set to post its first profit in 20 years, a major turnaround after decades of losses. The skies ahead look brighter, Inshallah!” the prime minister wrote on his X timeline. He also lauded the team efforts led by Aviation Min…

Before the planned sale, the government in Pakistan has exonerated its airline, which is now reflected in profits. For the first time in two decades, Pakistan International Airlines is flying into the black.