PIA has achieved profit of Rs 2.83 billion – gross operating profit in the first quarter of 2015
 May 7, 2015
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karachi,  PIA has achieved a gross operating profit of Rs2.83 billion in the first quarter of 2015 as against a gross operating loss of Rs.3.93 billion in the first quarter of 2014.

With the inclusion of fuel efficient, narrow body aircraft, the airline’s operations improved enabling efficiency and better control on fuel cost. The combined effect of downward trend in fuel prices and the impact of replacement of aging fleet with fuel efficient aircraft resulted in almost 49pc decline in fuel cost in comparison to the corresponding period of last year.

The airline is in the process of increasing the capacity by inducting more narrow body aircraft. Five ATR’s and two wide body aircraft on dry lease had already been initiated through a transparent and competitive bidding process.

Two ATR72-500 have already arrived and are operating. The airline now has four A320 aircraft while nine more will be added starting from June, this year.

With the dedication and commitment of the airline’s management and employees; with new fleet induction, the airline is expected to improve its schedule integrity, market share and profitability in the coming months and can look towards greater customer satisfaction.

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