The National Assembly (NA) on Wednesday was informed that the flightoperation ban on Pakistan International Airlines (PIA) in the Europeansector had cost the national carrier Rs280 million.
The airline, however, managed to make a profit of Rs520 million on flightsfor the UK.
During the Question Hour in the lower house of parliament, AviationMinister Ghulam Sarwar Khan in a written reply said that the air crash inKarachi in May this year damaged PIA’s reputation, leading to increase inthe premium cost and drop in the number of passengers.
PIA’s revenue on European sectors reached Rs1.41 billion against theexpenses of Rs1.69 billion, while the losses were incurred during themonths of July and August.
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“The UK sector generated Rs5.81 billion in revenues against the expenses ofRs5.31 billion,” he wrote, adding that services of a Maltese company hadbeen acquired for flights between Pakistan and the UK.
Furthermore, the crash had caused premium cost to rise more than $5 millionwhereas the compensation to the families of the victims would be paid bythe insurance company.
