Thursday, February 4, 2016
PIA is the national carrier of Pakistan and has about 15,000 employees.
Most of the airports in Pakistan are witnessing a travel chaos these days as protesting employees of the PIA blocked operations in protest against proposed privatization of the organisation. Situation took an ugly turn a day before yesterday when three protester employees were killed in a shooting incident, which they blamed on security officials but the rangers and police denied opening fire and told that butts found on spot were not that of security forces' guns.
PIA which was one of the world’s leading airlines until the 1970s now suffers from frequent cancellations and delays and has been involved in numerous controversies over the years, including the arrest of a drunk pilot in Britain in 2013. PIA has also faced problems acquiring security clearances to the European Union for cargo flights. The airline has also traditionally handed thousands of free tickets each year contributing to its big losses.
PIA’s financial statements reveals that the airline has suffered losses worth Rs.119.84 billion over the last ten year. Flight delays and cancellation has become the norm of the airline as its flight delay ratio is more than 35% which is very high and especially due to this reason its passengers are now shifting to other airlines.
at 12:48 PM