PIA reports Rs2.4 billion gross profit in fiscal year 2020
According to a PIA spokesperson, airline's operational loss fell to Rs6.8 billion
- PIA reports a profit of Rs2.4 billion for financial year 2020.
- The national airline's operational loss fell to Rs6.8 billion.
- Overall deficit of PIA also came down by 33.7%.
The Pakistan International Airlines (PIA) announced its financial results for the year 2020, reporting a profit of Rs 2.4 billion, Geo News reported on Monday.
According to a PIA spokesperson, the national airline's operational loss fell to Rs6.8 billion.
Read more: Govt to shell out Rs5 billion to 2,000 PIA employees taking Voluntary Separation Scheme
The spokesperson added that after 11 years, the operational deficit of PIA went below a threshold of billions of rupees. The overall deficit of PIA went down by 33.7%.
Read more: PIA crew member honoured by UN for showing 'empathy' to woman on flight
Due to the ongoing pandemic, airlines around the world are suffering huge losses, but despite the coronavirus and European sanctions, the results of PIA were very quite encouraging, the spokesperson maintained.