Pakistan International Airlines posted a PKR20.4 billion ($249.2 million) loss in the third quarter, widened from a PKR3.15 billion deficit in the year-ago quarter, according to a stock exchange filing cited by Bloomberg News. Revenue rose 32.6% year-over-year to PKR22.8 billion but fuel costs doubled to PKR14 billion and it took an additional PKR14 billion charge related to currency conversion. Nine-month loss increased to PKR38.4 billion from PKR10.9 billion in year-ago period.

Subscribe to Access this Entire Article

"PIA's third-quarter loss deepens more than sixfold" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.