The Pakistan International Airlines (PIA) Board of Directors has officially approved the airline’s financial results for 2024, marking a major milestone as the national carrier reported its first net profit in 21 years.
According to the approved financial statement, PIA recorded an operational profit of Rs 3.9 billion and a net profit of Rs 2.26 billion for the year 2024. This marks the airline’s first profitable year since 2003.
The airline’s operating margin stood at over 12 percent, a figure comparable to the performance of some of the world’s leading airlines.
PIA’s return to profitability is being credited to wide-ranging reforms carried out under the supervision of the Government of Pakistan.
