Karachi, January 15, 2018 (PPI-OT):PIA has no plans to shrink its network purposely as falsely reported in a section of media. The news is not only misleading creating a wrong perception but also aimed at damaging the image of the airline affecting its sales.
As per modern airlines industry practice new routes are added and others are suspended based on their performance. Similarly, from time to time PIA has been adding new stations along with rationalizing and re-structuring its poor performing routes. The 2018 operating plan has been developed and is based around the core idea of becoming economically viable.
As part of the five year business plan, detailed and comprehensive studies have been done minutely for each sector to rationalize the network. It includes moving towards a cost efficient fleet and the moving of capacity from loss making routes to potentially high yield routes.
PIA would also expand to new potential routes with relatively lesser fleet with higher planned utilization of existing fleet. It will also induct more aircraft in 2018 in addition to B777-300 of 442 capacity already added in August last year. With lesser number of wet lease aircraft and with new addition of cost efficient dry lease aircraft, swapping and expanding capacity on better potential existing and new routes, PIA will be moving towards its clear goal of revenue optimization with a lower cost base. This will have a positive impact on operating profit and losses.
It is a well thought through revenue maximization and cost efficient strategy. The last quarter of 2017 has witnessed improvement in all business KPI’s is demonstrating that PIA is moving in the right direction. PIA spokesman concluded. (Mashhood Tajwar, Spokesman PIA)
For more information, contact:
General Manager
Public Affairs
Pakistan International Airlines (PIA)
PIA Head Office Airport
Karachi
Tel: +92-21-99043823
Fax: +92-21-34572225, +92-21-34570419
Cell: +92-322-7420707
Website: www.piac.com.pk