PIA witnesses 76pc cut in operational losses, revenue reach Rs8bn

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ISLAMABAD: Pakistan International Airlines (PIA) has witnessed 76 percent reduction in operational losses, besides generating Rs8 billion revenue, during 2019.
The national flag carrier released its financial results for the year ended December 31, 2019 on Monday.
It emerged that the national airline became profitable after approximately eight years following the solid strategies of the current administration. There was a reduction recorded in operational losses up to 76 per cent. The passenger seat factor hiked to 81 per cent from 71 per cent. It is pertinent to mention here that the seat factor of best airlines around the world remained 80 percent.
Chief Executive Officer (CEO) PIA Air Marshal Arshad Malik said that 2019 was the year of turnaround for the national airline. He congratulated the workers and labourers of the national airline over the major achievement. – TLTP