Due to a shortage of fuel supply, Pakistan International Airlines (PIA) is experiencing a substantial disruption in its flight operations. Which resulted in the cancellation and suspension of numerous flights. Financial crisis takes a toll on PIA passengers. This has in turn placed substantial mental stress on thousands of passengers.
Both local and international flights have experienced significant delays over the past many days which frequently stretch several hours the underlying cause of this fuel shortage stems from the reluctance of the state-owned oil marketing company, Pakistan state oil to supply fuel to the national airline the reason for this resistance is that PIA’s unpaid past dues still exist.
Financial crisis takes a toll on PIA passengers. Only 13 flights including 10 International and three domestic received fuel from PSO in a single day. These 13 flights were arranged by PIA on their own. The National Airlines administration purchased fuel from PSO for Rs 12.5 million and the same quantity of fuel will be delivered the next day.
The PIA aircraft from Karachi to Turbat scheduled to take off at 7:00 a.m. was rescheduled for 1:00 p.m. as a result of this delayed fuel supply. Its happening because of Financial crisis takes a toll on PIA passengers.
The flight that was scheduled to depart at 7:00 a.m. from Islamabad to Karachi eventually took off after a 3-hour delay. Similarly, the 7:00 a.m. flight from Lahore to Islamabad was 2.5 hours late the national Airlines flight from Islamabad to Dubai was also delayed a number of hours.
Over 19 domestic and international flights by PIA have been canceled due to the current fuel crisis also over 20 local and international flights have experienced unusual delays. Additionally, the PIA planes from Lahore to Islamabad that were supposed to take off in the evening ran into technical difficulties, Karachi to Islamabad flight PK368 and PK369 were also canceled. Because Financial crisis takes a toll on PIA passengers.
For the right to resume flight operations, PIA paid PSO rupees 125 million to maintain regular operations the airline will need to pay PSO at least rupees hundred million per day. Due to a gasoline shortage over 14 flights were cancelled. And these Financial crisis takes a toll on PIA passengers.
Because Financial crisis takes a toll on PIA passengers. The report of The Express Tribune, PIA has requested extra bank loans totaling more than rupees 7 billion due to concerns about the potential, partial, or complete suspension of its flight operations resulting from a severe financial crisis.
Another report claims that PIA wrote to the aviation division asking for an immediate bank loan of more than rupees 7 billion. The letter also noted that the government of Pakistan’s guarantee includes the option for the airline to secure a loan of rupees 7.5 billion.
Private airlines up fares as PIA in a fix
Private Airlines have increased their prices in response to the fuel shortage experienced by Pakistan International Airlines the nation’s flag carrier. Travel brokers claim that private Airlines have begun adding an extra charge of up to 30% on local flights.
Private Airlines have been charging customers up to rupees 77 000 for a return ticket to Karachi during the PIA crisis. The one-way cost to travel from Karachi to Lahore is between 35000 and 49000. Similarly, the private airlines have jacked up their one-way fare from Karachi to Islamabad between rupees 55000 rupees 61000. It is happening because Financial crisis takes a toll on PIA passengers.
Financial crisis takes a toll on PIA passengers
Because Financial crisis takes a toll on PIA passengers. Due to this there is a decline in overseas passengers, private Airlines were unable to raise the prices of international flights. Additionally, international Airlines have lowered their prices on international routes. The local flight schedule of the PIA had been adversely affected for the last week. According to the travel agents, more people are not traveling within the country as a result of the disruption of national airline flights.
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FAQs:
How much debt is PIA in?
The amount of PIAs debt and liabilities is Rs743bn. This amount is 5 times more the total value of the assets of PIA. This information is as of Dec 31, 2022. Aviation Ministry has told that the total loss for the financial year 2022-23 was Rs86.5bn.
Why was PIA flight cancelled?
Due to unpaid dues Pakistan state oil (PSO) has cut its fuel supply from PIA. That’s why PIA is facing its worst financial crisis. This action from the PSO has forced the airline to cancel it 537 flights since October 2023.
What is happening to PIA?
Due to unpaid dues Pakistan state oil (PSO) has cut its fuel supply from PIA. That’s why PIA is facing its worst financial crisis. Due to the shortage of fuel supply the airline has to cancel its 537 flights since October 2023.
How many flights does PIA have per day?
PIA is one of the largest airlines of Pakistan. Which operates more than 30 aircrafts. And nearly daily of 50 flights have been operated by the Airlines. From which almost 20 are domestic and 27 are International destinations.
