PIA has achieved a major financial success by earning a net profit of Rs 2.26 billion in 2024. This is the airline’s first profit in over 20 years, with the last one recorded back in 2003.
In addition to the net profit, PIA also made an operational profit of Rs 3.9 billion. This shows a strong financial comeback after facing years of continuous losses. The airline’s recovery is the result of serious efforts to improve its operations and financial structure.
PIA introduced several key reforms to make this progress possible. These included cutting down unnecessary operational costs, focusing on routes that bring in more money, and improving its financial planning by restructuring its balance sheet. All these steps helped the airline reduce its losses and finally move towards stability.
The airline’s operating margin—how much profit it makes from its core operations—has now crossed 12%. This is a strong number, and it matches the performance of some of the best airlines in the world. It’s a big achievement for a national carrier that was once struggling to stay afloat.
This profit has brought hope to the organization, its employees, and the public. Many are now looking forward to more improvements, better service, and further growth in the years to come.
The management has stated that they will continue working on improving efficiency and customer satisfaction. The success of 2024 is seen as just the beginning of a new chapter for PIA.
If these efforts continue, PIA may soon return to being a competitive and respected name in the global aviation industry.
