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Pakistan International Airlines Corporation Limited (Pakistan)

Main Activities: Scheduled Air Transportation | Support Activities for Air Transportation
Full name: Pakistan International Airlines Corporation Limited Profile Updated: May 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Pakistan International Airlines Corporation was established on 23rd October 1946 which was initially registered as a pilot project in Calcutta, Orient Airways Ltd. In 1947 an operating license was obtained by the company and four Douglas DC-3s were purchased for the designed route Calcutta-Akyab-Rangoon. After that a transportation of people between Delhi and Karachi was started. Then the government of Pakistan decided to form a state-owned airline and invited Orient Airways to merge with it. The outcome was (PIAC) Pakistan International Airlines Corporation. Today the company is provider of commercial air transportation (passenger, cargo and postal carriage services) in addition to the provision of engineering and other allied services. Overall, the company operates through three segments: airline operations, hotel operations and others. In the hotel services are included accommodation and related services in Pakistan, United States and Europe.

Headquarters
Pia Building, Jinnah International Airport
Karachi; Sindh; Postal Code: 75200

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Website: http://www.piac.com.pk

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1955
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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3.57%
Subsidiaries
Abacus Distribution Systems Pakistan (Private) Limited
100%
Minhal France B.V (Netherlands)
100%
Minhal France S.A.R.L. (Luxembourg)
100%
Company Performance
Financial values in the chart are available after Pakistan International Airlines Corporation Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net sales revenue
58.5%
Total operating revenue
65.38%
Operating profit (EBIT)
N/A
EBITDA
6071.19%
Net Profit (Loss) for the Period
-47.29%
Total assets
24.77%
Total equity
-14.07%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
4.16%
Return on Equity (ROE)
2.87%
Debt to Equity Ratio
1.83%
Quick Ratio
0.01%
Cash Ratio
-0.04%

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