KARACHI: The national flag carrier’s operating losses shrunk to Rs1 billion in first six months of the current colander year.
Pakistan International Airlines (PIA) Chairman Nasser NA Jaffer, along with other senior officials briefed the media about the company’s financial report. He said that the PIA earned Rs2.8 billion operating profit after five years. However, he admitted that the decline in fuel prices had helped the national carrier get some relief.
Jaffer also announced to induct four Airbus A320 aircraft in PIA by mid-October. The airline was inducting more aircraft, and by the next year its fleet would comprise 45 aircraft.
“At present there are 35 aircraft and 30 of them are operational. However, we are planning to increase the number of aircraft to 45 by next year,” he added.
