CAA incurs over Rs30bn loss in four months

ISLAMABAD: The Civil Aviation Authority (CAA) has suffered a loss of over Rs30.5 billion in four months due to limited flight operations in the wake of the coronavirus pandemic.

According to the Aviation Division, the Civil Aviation Authority has been losing Rs200 million a month in revenue due to the limited flight operations, landing and other charges.

“Over 1,000 flights used to pass through Pakistani air space daily. The figure has now reduced to 22 per cent due to worldwide suspension of international flights amid the Covid-19 restrictions,” said Senior Joint Secretary Aviation Division Abul Sattar Khokhar.

The Civil Aviation Authority (CAA) had suffered a loss of Rs3.6 billion in the month of March owing to the suspension of flights to different counters amid the coronavirus outbreak.

As many as 1,681 international and domestic flights had been cancelled during the month of March.

Earlier on July 13, it emerged that Pakistan International Airlines (PIA) expected to incur losses of Rs100 billion due to suspension of international flights amid the coronavirus pandemic.

As per details, the PIA is expected to incur losses up to Rs100 billion due to flight operations ban by the United Kingdom, European Union and the United States. The target of revenue for the current year was set at Rs196 billion.

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