PIA new administration measures reduces the deficit
KARACHI: PIA losses have been significantly reduced due to new national airline management measures.
According to News, a meeting of the PIA Board of Directors was held at the PIA Head Office, briefing on the steps of the new administration, it was stated that PIA had an operational deficit of 17 billion in the first 6 months of 2019 has reduced to 7 billion.
It is told in Briefing that measures by Air Marshal Arshad Malik's positive results have begun to yield, PIA revenue increased 44%, PIA deficit dropped 59%, cargo and baggage Also increased appreciably.
At the meeting, the board also appreciated the new administration's deficit reduction measures, instructing the board members to complete the ERP inquiry soon. The board resented the PSO's shutdown of the fuel supply, and the delay in the arrival of the second ship was expressly disputed and urged to resolve matters soon.
At the meeting, the accounts were also presented for approval of the quarterly accounts, the board approved the accounts.
It is to be noted that the number of PIA passengers travelling abroad from Jinnah International Airport also increased. During the six months, more than one lakh 29 thousand passengers travelled while 595 flights were operated.