Losses of Pakistan International Airlines expected to reach Rs100 billion amid coronavirus lockdowns – Research Snipers

Losses of Pakistan International Airlines expected to reach Rs100 billion amid coronavirus lockdowns

Employment

It has been observed that Pakistan International Airlines (PIA) is expected to suffer the losses of 100 billion rupees after the management has decided to suspend international flights due to the COVID-19.

According to the details, the national flag-carrier is expected to bear losses after the ban imposed on the flight operations by the United Kingdom (UK), Europe (EU), and the United States of America (USA). The details said that the target of revenue of the national airline for the current year was set at Rs196 billion.

Read Also: PIA Announces Increase in Domestic Flight Operations

On the other hand, the Pakistan International Airlines (PIA) would also suffer the losses of up to Rs12 billion in terms of Hajj operations this year after the government of the Saudi Kingdom decided to hold the annual pilgrimage on a limited scale.

The national airline is also facing losses of up to Rs9 billion due to the closure of the flight operations for the Umrah pilgrims.

It is pertinent to mention here that on July 10, the Chief Executive Officer (CEO) of the national airline Arshad Malik apprised the Prime Minister of Pakistan regarding the status of the ongoing dialogues with the European Union Aviation Safety Agency (EASA) for the resumption of the flight operation of the PIA.

Arshad Malik also gave a briefing to Prime Minister Imran Khan regarding the restructuring process of the Pakistan International Airlines (PIA).

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