PIA set to post first annual profit in over 20 years: report
PIA’s return to operational profitability follows several internal reforms undertaken over the past three years.

KARACHI: Pakistan International Airlines Holding Company, the country’s national airline, is all set to post its first annual profit in more than two decades, Bloomberg reported, citing documents it had seen. This marks a significant turnaround ahead of the government’s renewed efforts to privatise the national carrier. According to Bloomberg, the airline recorded earnings per share of Rs5.01 for the year ended December 2024, its first full-year profit since 2003. The audited financial statements are expected to be submitted to the airline’s board for approval prior to being released publicly. The airline has not responded to a request for comment, the report said.

The development comes as a major milestone for PIA, which has long struggled with mounting losses, leading to impounded aircraft at foreign airports, flight cancellations, and a close brush with default in recent years. The carrier has historically relied on regular government bailouts, which have now ceased.

Prime Minister Shehbaz Sharif on Wednesday said that Pakistan International Airlines’ return to earning profit after 20 years was a “major turnaround” after decades of losses

Major turnaround” as PIA set to post first profit in 20 years.