PIA Year 2022 First Quarter Financial Result
-
- Site Admin
- Posts: 52157
- Joined: Thu Aug 05, 2004 6:52 pm
- Location: Pakistan
PIA Year 2022 First Quarter Financial Result
PIA reports PKR 13.59 billion (post tax) loss in the Q1 - First Quarter (January, February, March) of year 2022.
Source: PIA
Abbas
-
- Registered Member
- Posts: 2932
- Joined: Thu Aug 05, 2004 7:10 pm
- Location: Lahore
Re: PIA Year 2022 First Quarter Financial Result
The finance cost of PIA has sky rocketed.
This is because of reckless borrowing of the airline (and Pakistan).
The ONLY SOLUTION that I have been suggesting for15 years.
SELLT THE HOTELS, pay off as much loans as possible and reduce interest payments.
With rate hike since April of this year PIA finance cost will only rise more.
PIA must reduce its debt otherwise this airline will never become viable.
This is because of reckless borrowing of the airline (and Pakistan).
The ONLY SOLUTION that I have been suggesting for15 years.
SELLT THE HOTELS, pay off as much loans as possible and reduce interest payments.
With rate hike since April of this year PIA finance cost will only rise more.
PIA must reduce its debt otherwise this airline will never become viable.
P.I.A
God's International Airline
God's International Airline