PIA generates 144 billion revenue, good days came

[Yaseen1]

i think rise in finance cost is due to hike in interest rates which is due to wrong macroeconomic policy otherwise profit would be much more ,also oil price has declined so it is great opportunity for PIA to become profit generating airline.PIA should announce discounts on tickets price for frequent travelers to promote more people using their services
I think it is due to efforts of newly appointed cfo Khalilulluah Sheikh who is also elected President of Institute of Chartered Accountants of Pakistan and has great experience in auditing,finance and accounting

 

[R Wing]

No its not..higher the revenues the more likely the losses will be down
Which world do u live in?
Compabies valuation are done based upon revenues not profits

Wow, you really are deranged.

Revenue without context (i.e. expenses) is a totally useless figure; the valuations you talk of are in the tech space where companies are expected to grow aggressively and rapidly in their first few years/decade and have a clear path to profitability. It does not apply to airlines in impoverished countries.

Let's not get into company valuations here, because that is a tricky subject where even big bets by experienced VC firms have gone wrong --- and valuations based solely on revenue are essentially non-existent.

 

[Yaseen1]

i agree that there are short term measures taken by companies management to increase valuation just like manipulation of currency value to generate bonuses for management by crossing threshold but in long run it will have many adverse effects for company

Wow, you really are deranged.

Revenue without context (i.e. expenses) is a totally useless figure; the valuations you talk of are in the tech space where companies are expected to grow aggressively and rapidly in their first few years/decade and have a clear path to profitability. It does not apply to airlines in impoverished countries.

Let's not get into company valuations here, because that is a tricky subject where even big bets by experienced VC firms have gone wrong --- and valuations based solely on revenue are essentially non-existent.

 

[lafete]

The most profitable route for PIA is the Toronto to PK route now. The number of weekly flights have been increased to 5. Why doesn't PIA start direct flights to Australia also? I am sure that route can be equally profitable.

 

[Shahzaz ud din]

PIA’s Defecit Fell by 65%, Revenues Jumped to Rs. 144 Billion in 2019: Report
Posted 3 days ago by Raza Rizvi

Pakistan Tehrik-e-Insaf (PTI) government’s revival plan for Pakistan International Airlines (PIA) has finally started to bear fruit, and it’s evident in its annual results.

A leading news outlet has reported quoting official numbers that PIA’s annual profit jumped to Rs. 144 billion in 2019 as compared to Rs. 99 billion in 2018. A Rs. 45 billion increase in revenue is more than half of what the national flag carrier earned in the entire year of 2018.

The increase in revenue clubbed with a significant reduction in expenditures has reduced the airline’s fiscal deficit by nearly 65 percent in one year.

The total financial gap, which stood at Rs. 38 billion in 2018, has now reduced to Rs. 17 billion with the management hoping to bring it to zero by the end of the current year.

The documents show that the national airline’s per kilometer income has risen from Rs. 6 to Rs. 9, in the previous year. Furthermore, its seat factor has also improved to 81 percent from 77 percent in the corresponding year.

As a result of improved and quality services, the passenger influx has also increased by a significant margin within a year. As per official numbers, PIA received 125,000 more passengers on domestic and international routes last year as compared to 2018.
The management also introduced pre-booking for bulkhead seats, which proved to be a hit with the customers. Last year, the airline collected an additional revenue of Rs. 178.5 million from this strategy. Moreover, a minor tweak in the luggage policy also added Rs. 500 million to its income.

Similarly, for the first time in PIA’s 73-year history, the entire fleet of 32 aircraft, including 12 Boeing 777, 12 Airbus 320 and eight ATR planes, is fully functional, taking part in extended domestic and international flight operations.

Note that the national flag carrier was recently excluded from the Pakistan Stock Exchange’s (PSX) defaulters list. The airline is now placed among the regular trading companies.

 

[AZADPAKISTAN2009]

Bring Back the CEO appointed by Imran Khan , picked from retired officers of PAF

 

[Shahzaz ud din]

No wonder corrupt SC removed him.... achay bunday ki gunjaish nahi hai iss mulk mein

He is not removed.In supreme court hearing yesterday he was asked to opt one either PIA or PAF.

 

[ziaulislam]

Wow, you really are deranged.

Revenue without context (i.e. expenses) is a totally useless figure; the valuations you talk of are in the tech space where companies are expected to grow aggressively and rapidly in their first few years/decade and have a clear path to profitability. It does not apply to airlines in impoverished countries.

Let's not get into company valuations here, because that is a tricky subject where even big bets by experienced VC firms have gone wrong --- and valuations based solely on revenue are essentially non-existent.

So i am deranged becuase deficit fell by 65%...
You want deficit to increase or fall?
Are you an indian? Or deranged ..
Choose one..

As person who thinks 65% reduction in deficit and 100% increase in revenues (which means its working and providing service) is bad news? Can only be one of the abive two..so choose and let me know..