*KARACHI: **In a big surprise, Pakistan International Airlines revenuesrecord huge increase in first six months of 2019.*
*The administration of national flag-carrier Pakistan InternationalAirlines (PIA) has witnessed record rise in revenue up to 45 per cent whichbenefitted the entity Rs63 billion as it started bearing fruits of itsreformations and austerity drive.*
Following the reformation process and austerity moves in line with thevision of Prime Minister Imran Khan, the state-own entity has startedmoving its development and stability phase after witnessing significantgrowth in its revenue.
PIA witnessed 45 per cent rise in revenue within the last six month of thecurrent fiscal year which generated income of Rs63 billion. The state-ownedentity had managed to get Rs43 billion revenue in the six of the previousyear.
The milestone was achieved by the major cut on unnecessary expenditures upto Rs3 billion which is now reduced to Rs1.70 billion by the administrationof the current PIA chief executive officer Air Marshal Arshad Malik.
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Sources said that the income was increased up to 43 pc over per kilometre,whereas, PIA’s earning in the current year hiked up to 84 pc in SAT factor.
It is pertinent to mention here that the SAT factor of PIA had beenrecorded up to 77 per cent but the national flag-carrier retained its leadin IATA’s [International Air Transport Association] SAT factor this year.
