Big statement of 54 billion per year revenue will arrest the situation and sold all the loss making situation of PIA.So the same revenue will increase by three time from 1.5 billion to 4.5 billion monthly, which is 54billion PKR per year.
This 54 billion PKR per year revenue will arrest the situation and solve all the loss making situation of PIA.
PIA losses are 67 billion a year with interest payments of 42 billion being the biggest contributor.
Even if Turkish allows you extra 15 flights a week even then you are talking about extra REVENUE NOT PROFIT of 54 billion.
maximum operating profit PIA will make from these fantasy 15 flights is 10% or around 5 billion.
This 5 billion will not plug the hole of 67 billion that PIA is losing in exchange rate losses and interest payments.
There is no way PIA can cover its interest payments from an operational fleet of 30 aircraft. (10 777 14 A320 6 ATR72/42)
PIA has to sell the two hotels in Paris and New York, bring in 1.5 billion dollars in State Bank, and the 350 billion rupees can be used to pay off loans and liabilities to PSO (24 billion) CAA and FBR.
There is no other way PIA can be made into a viable airline.