PIA is set to report its first annual profit in over two decades, showing clear signs of recovery as the national airline moves toward privatization. This marks a big moment for PIA, which has struggled financially for many years.
According to a report by Bloomberg, PIA earned Rs5.01 per share in 2024. This is the first time the airline has made a profit since 2003. For more than 20 years, PIA faced heavy losses, mounting debt, and operational challenges.
To turn things around, the airline made several important changes. It reduced the number of employees, shut down routes that were losing money, and worked on using its aircraft more efficiently. These steps helped cut costs and increase revenue.
One of the biggest steps in the recovery was a full restructuring of the company. During this process, PIA cleared a large amount of debt from its financial records. This gave the airline a fresh start and made its financial position much stronger.
With these improvements, PIA is now in a better position to attract investors as the government moves forward with plans to privatize the airline. The goal is to hand over operations to the private sector while making sure the airline continues to grow and improve.
This profit is not just a number—it reflects the hard work done behind the scenes to fix long-standing problems. After two decades of losses, PIA’s return to profit is being seen as a major achievement and a positive sign for the future of Pakistan’s aviation sector. If the airline stays on this path, it could become a strong player in the region once again.
