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Pakistan International Airlines reports its first profit in 21 years, marking a financial turnaround.
Pakistan International Airlines (PIA) reported its first profit in 21 years, with an operating profit of PKR 9.3 billion ($55.58 million) and a net profit of PKR 26.2 billion.
The government had previously tried to privatize PIA but failed to receive a suitable offer.
The airline's financial turnaround is attributed to offloading its debt, reducing staff, exiting unprofitable routes, and implementing cost-cutting measures.
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Pakistan International Airlines informa de su primera ganancia en 21 años, marcando un giro financiero.