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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 : Outpouring of grief on social media on PIA plane crash

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05/23/2020 | 07:27am EDT

Pakistan International Airlines (PIA) passenger flight PK-8303 crashed on Friday in a residential area near Karachi'sJinnah International Airport after losing its engines.

It is estimated that 98 people were aboard the Airbus A-320 aircraft when it crashed, including 91 passengers and seven flight crew.

The news has led to an outpouring of grief: the tragedy of the incident compounded by the fact that the festival of Eid was just around the corner, and many of the victims were likely returning to their families to celebrate.

Prime Minister Imran Khan said he is 'shocked and saddened' by the crash.

He said he is in touch with PIA Ceo Arshad Malik who is on his way to Karachi, adding 'this is the priority right now'.

The premier promised that an inquiry will immediately be instituted. He extended 'prayers and condolences' to the families of the deceased.

Special Assistant to the Prime Minister on Communications, retired Lt Gen Asim Bajwa expressed grief and said the PM has directed mobilisation of all resources for relief operations.

The CM Sindh directed the police chief and the commissioner Karachi to ensure all possible assistance at the crash site.

Sports journalist Zainab Abbas expressed sorrow at the incident.

Pakistan Peoples Party Chairman Bilawal Bhutto Zardari has expressed shock and deep grief over the PIA crash.

The PPP Chairman called for urgent rescue operations and offered condolences and prayers for those whose loved ones were on board.

Bilawal Bhutto Zardari said the painful incident has grieved the entire country ahead of Eid.

Former sports star Shoaib Akhtar asked for God's blessings for those whose lives were lost.

Others were grieved of the tragedy ahead of Eid.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2019 165 B 1 000 M 1 000 M
Net income 2019 -55 979 M -340 M -340 M
Net Debt 2019 322 B 1 954 M 1 954 M
P/E ratio 2019 -0,62x
Yield 2019 -
Capitalization 22 406 M 137 M 136 M
EV / Sales 2018 2,48x
EV / Sales 2019 2,17x
Nbr of Employees -
Free-Float 55,0%
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Managers
NameTitle
Arshad Mahmood Malik Chairman, President & Chief Executive Officer
Syed Aijaz Mazhar Chief Operating Officer
Khalilullah Shaikh Chief Financial Officer
Amir Ali Chief Technical Officer
Khalid-ul-Rehman Barlas Chief Information Officer
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