Pakistan: PIA cancels over 300 flights in 10 days due to fuel crisis
1 year, 1 month ago

Pakistan: PIA cancels over 300 flights in 10 days due to fuel crisis

Live Mint  

Pakistan's fuel and financial crisis has severely hit the business of one of its airlines. According to a report by DAWN News, Pakistan International Airlines is on the verge of a shutdown as cancelled 300 flights in the past 10 days due to fund issues. A spokesperson of Pakistan International Airlines told DAWN News that the management is trying to accommodate passengers on alternative flights. Decades of mismanagement and instability have hobbled Pakistan's economy, and this year Islamabad was forced into yet another bailout from the International Monetary Fund to avert default. The liberalisation of the market and the launch of several private and publicly owned airlines put enormous pressure on Pakistan International Airline, resulting in years of lossmaking.

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