PIA reports Rs2.4 billion gross profit in fiscal year 2020 – Quantum Aviation | Airline Passengers & Cargo Sales and Charters

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

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

  • 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.

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%.

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.