Pakistan International Airlines losses continue to flow but some pockets of growth and improvement

Pakistan’s aviation industry has struggled in recent years due in large part to the poor performance of national carrier Pakistan International Airlines (PIA), which continues to be supported by majority owner, the Pakistani Government, as the carrier’s losses continue to flow. [2147 words]

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This report contains the following subheadings:

• PIA submits five-year plan to Government; bankruptcy looming?
• PIA revenue up 15%, operating loss narrows in 3Q2010
• Long-standing labour issues
• European operations to expand after aircraft ban lifted
• Growing penetration of Gulf carriers a concern for PIA
• To purchase 40 new aircraft to support continued operations
• Outlook: A bumpy road ahead

This report contains the following charts and tables:

• Key Pakistan economic data: 2008 to 2015F
• Pakistan International Airlines net and operating profit margins (%): 1Q2007 to 3Q2010
• PIA revenue, capacity and load factor results: 2010 Actual vs Budget 2010 vs Actual 2009
• Pakistan International Airlines passenger traffic (RPKs) and passenger revenue growth (%): 1Q2008 to 3Q2010
• Pakistan International Airlines financial highlights for three months ended 30-Sep-2010
• PIA current fleet: Nov-2010
• PIA international route network: Nov-2010
• Pakistan to Middle East capacity share (%): Nov-2010
• PIA capacity share (seats) by market: Nov-2010
• PIA domestic route network: Nov-2010