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Monday Apr 12 2021
By
Web Desk

PIA reports Rs2.4 billion gross profit in fiscal year 2020

By
Web Desk
File photo of Pakistan International Airlines (PIA) plane. Photo: AFP/File
  • 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.