Pia Pak Int Airline Financial Analysis

Airline: PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements C prey of study 2003 -2001 H 2009 OVERVIEW (October 10 2009): Pakistan International Airlines, Pakistans national, flagship skyway, has been a open since its stock in 1955. pia was the first Pakistani airline from a non-communist country to fly into the Peoples Republic of China and, in 1962 it mold out to break the record for the fastest escape valve amongst London and Karachi. PIA continues to soar, ever committed to innovation and complete customer experience. With a fleet of young airplanes, a camarilla dedicated to providing the highest standards of in-house service, and stellar management, PIA is a flight that is leaving places. However, recently, the profitability of PIA has been witnessing a downside. [pic] The year 2008 did non get for any important improvement in the financial rap of PIA. The problems of the past years recurred and compounded to give the company a higher net l oss for the year. The company is in a dire need to salvage itself from further crises. A design recap of year 2007 reveals that the company experienced a attendant publication of financial, operational and marketing problems.

In the early crash of the year, botheration of operating restrictions by EU caused considerable breakdown in the PIA schedule as sound as significant curtailment in capacity. With the airline brand disadvantageously dented, PIA lost market share as well as growth in business, which made the situation tranquilize much difficult. The unprecedented hike in oil prices adversely impacted PIAs bottom line. PIA, the late starter was unable to sidestep the! assay against the high oil prices and thus had to absorb the institutionalize of high-priced fuel. Apart from the fuel cost, increases in pay in trusted categories of staff and depreciation of the rupee against the US vaulting horse withal adversely affected the financial results. The airline could not confront immune to ever-increasing competition due to an over-supplied capacity surround including...If you extremity to get a full essay, order it on our website: BestEssayCheap.com

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