PIA records 30 pct increase in revenue in 1st half of 2019: report

Source: Xinhua| 2019-08-20 19:29:43|Editor: ZX
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ISLAMABAD, Aug. 20 (Xinhua) -- The Aviation Division of Pakistan said Tuesday in its reports that revenue of Pakistan International Airlines (PIA) have increased 30 percent in the first six months of 2019, local media reported.

The aviation division termed the increase in revenue of the national flag carrier as "breakthrough." According to the report, the increase in revenue came with the introduction of new policies and business plans designed by the incumbent government to improve the financial health of the PIA, which suffered accumulated losses worth 450 billion rupees (about 3 billion U.S. dollars).

In addition to that, the austerity measures adopted by the airline to curtail spending and narrow down losses helped profoundly in boosting its revenue, said the report, adding that the PIA has also operated new profitable flights recently.

Two grounded aircraft were also brought into service, which are expected to add over 6 billion rupees (about 40 million U.S. dollars) rupees to the revenues of the national airline annually, it added.

According to Pakistan Civil Aviation, at least 3,200 job opportunities within or under the aviation division was created over the past year.