Pakistan International Airlines (PIA), currently grappling with severe financial challenges, has been compelled to cancel multiple domestic and international flights.
An authoritative representative of the national flag carrier conveyed to Geo News that there’s a looming risk of suspending flight operations by September 15, today, unless urgent financial support is extended.
This predicament initially materialised on August 12, when numerous domestic flights, both departing from and arriving in Karachi, had to be abruptly canceled. This unfortunate situation was attributed to a combination of financial constraints and the inability to settle outstanding dues owed to Pakistan State Oil (PSO) for fuel supply.
An examination of today’s schedule at Jinnah International Airport reveals a series of disruptions in PIA’s services. Notably, flights from Karachi to Bahawalpur (PK588 and PK589) and Karachi to Lahore (PK302 and PK303) have been canceled.
Furthermore, the Karachi to Islamabad flight (PK368) faces a three-hour delay, while the Karachi to Lahore flight (PK304) encounters an extensive delay of eight and a half hours.
Additional disruptions include the cancellation of PIA flights between Karachi and Rahim Yar Khan (PK582 and PK583), along with delays for Karachi to Multan (PK330) and Dubai (PK213), both postponed by two hours.
Moreover, the Islamabad to Karachi flight (PK301) has been cancelled; Islamabad to Riyadh (PK753) is running three hours behind schedule; and Lahore to Karachi (PK305) faces a delay of two and a half hours.
PIA’s financial struggles have been escalating, with the airline revealing on September 7 that it had grounded five of its 13 leased aircraft, potentially grounding an additional four due to the ongoing financial strain.
A plea for an urgent bailout of Rs22.9 billion was met with rejection by the Economic Coordination Committee (ECC). The ECC also declined the request to defer payments, including Rs1.3 billion per month to the Federal Board of Revenue (FBR) for Federal Excise Duty (FED) and Rs0.7 billion per month to the Civil Aviation Authority (CAA) for embarking charges.
Adding to the airline’s woes, PIA cautioned of possible suspensions in the supply of spare parts by Boeing and Airbus come mid-September. In the previous month, the Federal Board of Revenue of Pakistan (FBR) took the drastic step of freezing 13 PIA bank accounts due to non-payment of Rs8 billion in FED.
