PIA ‘achieves net profit’ after 21 years
The board of directors of Pakistan International Airlines (PIA) has approved its financial results for 2024, which show the airline achieving a net profit after around 21 years, a PIA spokesperson said on Tuesday. According to the results for FY2024, PIA earned an operational profit of Rs3.9 billion and a net profit of Rs2.26bn. The airline’s operating margin was more than 12pc, which is on a par with the performance of any of the best airlines in the world, the spokesperson said. The airline last achieved profit in the year 2003. Recently, the struggling airline had undergone comprehensive reforms and restructuring.