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MarketScreener Homepage  >  Equities  >  The Pakistan Stock Exchange  >  Pakistan International Airlines Corporation Limited    PIAA   PK0003401012

PAKISTAN INTERNATIONAL AIRLINES CORPORAT

(PIAA)
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Pakistan International Airlines : Coronavirus compounds Karachi plane crash grief

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06/03/2020 | 09:15am EDT

Gathered together via Zoom, friends and relatives of Wahida and Fazal Rahmaan watched from afar as the beloved couple were buried in Pakistan, days after they were killed in a plane crash.

For many who lost loved ones in the May 22 tragedy, grief has been compounded by the coronavirus, which has made travel to funerals impossible and attendance dangerous.

The Rahmaans, married 53 years, were among 97 people killed when the Pakistan International Airlines (PIA) Airbus plummeted into a Karachi neighborhood, killing all but two people on board.

'The most instinctual human response to grief is to hold on to somebody and hug somebody,' said Adil Rahman, one of the couple's four sons, who spells his name slightly differently than his parents.

'Covid-19has stripped us from that.'

This handout picture taken on March 26 and received as a courtesy of the Adil Rahman family shows Fazal Rahmaan (3R) celebrating his 80th birthday with his wife Wahida Fazal Rahmaan (C-green dress) and family members in Lahore.

Instead, Rahman watched the burial of his 80-year-old father and mother - who would have turned 75 on Friday from his Missouri home in the US, where he works in IT.

Like many other nations, Pakistan has closed its borders to international travelers in an effort to contain the deadly disease.

Zoom's video conferencing platform on Friday showed a grid of grief-stricken faces with the largest frame showing the funeral in Lahore, where an imam with a mask over his long beard recited the Holy Quran as a small group of mourners covered the Rahmaans' graves in flowers.

Rahman said the delay in identifying the bodies added to the family's grief, discovering first from local television that their mother's body had been identified, which he described as a 'gut punch'.

'And you don't know how to recover from that,' he said.

The family chose not to hold a traditional large funeral because of Covid-19, in a country where the disease first appeared slowly but is now picking up pace.

Over 76,000 cases have been reported with more than 1,500 deaths in Pakistan - but the virus is now spreading at an accelerating rate.

The Rahmaans took PK-8303 to visit their son in Karachi at the end of the holy month of Ramazan.

Investigators have uncovered the Airbus' black box and cockpit voice recorder, and authorities hope to release initial findings on June 22.

During the ill-fated flight, the pilots made a first landing attempt and the plane briefly touched the ground multiple times, before attempting a second try.

Experts say pilots likely tried to land the Airbus without lowering the wheels, damaging both engines so badly they soon failed.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2019 165 B 991 M 991 M
Net income 2019 -55 979 M -337 M -337 M
Net Debt 2019 322 B 1 936 M 1 936 M
P/E ratio 2019 -0,62x
Yield 2019 -
Capitalization 22 146 M 133 M 133 M
EV / Sales 2018 2,48x
EV / Sales 2019 2,17x
Nbr of Employees -
Free-Float 55,0%
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NameTitle
Arshad Mahmood Malik President, CEO & Executive Director
Aslam R. Khan Chairman
Syed Aijaz Mazhar Chief Operating Officer
Khalilullah Shaikh Chief Financial Officer
Amir Ali Chief Technical Officer
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