Senate concerned over PIA revenue decrease; Bhara Kahu project delay

Islamabad—Senate Special Committee on Performance of PIA Monday expressed concern over 21 percent decrease in revenue of the national flag-carrier registered in a six month period from January to June 2016.
The committee meeting, chaired by Mushahid Ullah Khan, directed the management of Pakistan International Airlines (PIA) to give due attention towards capacity building of its flight crew, ensuring improved facilities and services to passengers besides making the airlines a strong competitor in the market.
The PIA authorities cited the reason of low fuel price in the international market and tough competition with other airlines behind the decreased revenue. Briefing the legislators, PIA Chairman Azam Saigol said the government had 91.7 percent shares in the airlines, converted into a company on April 19, 2016 and being governed under the Companies Ordinance 1984, while public/others shares 4.4 percent and PIA employees Empower Trust shares 3.9 percent.
He apprised the body that the PIA fleet was consisted of 38 aircrafts including 11 A320 Airbuses, five A310 Airbuses, 11 Boeing 777, six ATR 42 and five ATR 72, adding that currently PIA’ permanent staff strength was 14,317. “Employees to per aircraft ratio is 376,” he added. Saigol said efforts were being made to further expand the fleet and hopefully it would reach the 42 figures during the current financial years. He said domestic market shares of PIA had increased from 42 percent to 65 percent during the period from January to May during the last fiscal year. Presently, he said, PIA flights were operating to 49 destinations including 27 international and 22 domestic. “It has a market share of 24 percent in international and 47 in domestic air travel market during 2015 whereas for 2016, it has been projected at 27 percent and 68 percent respectively,” he added.
The chairman said PIA was introducing its premium service brand titled “PIA Premier” aimed at restoring the confidence of passengers in the airlines. Initially, he said, PIA launched the service with improved features and facilities at par with leading airlines to the passengers on London sector.—APP

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