
Pakistan International Airlines PIA is the national flag carrier and a state-owned enterprise of the Government of Pakistan.
Headquartered at Jinnah International Airport in Karachi it operates scheduled services to 24 domestic destinations and 38 international destinations in 27 countries across Asia, Europe and North America. Its main bases are at Karachi, Lahore and Islamabad/Rawalpindi.The airline's secondary bases include Peshawar, Faisalabad, Quetta, Sialkot and Multan, from which it connects the metropolitan cities with the main bases, the Middle East, Europe, and the Far East. It is primarily owned by the Government of Pakistan and is regulated by the Ministry of Defence as an autonomous body. It employed 18,043 people as of May 2008.

Boeing 747-300 on finals to London Heathrow Airport, England (Discarded livery)
Pakistan International Airlines Corporation (PIAC) is majority owned by the Government of Pakistan (87%) while the remainder (13%) by private shareholders. The airline is under the administration of Ministry of Defence the chairman of which is Muhammad Mian Nawaz Sharif . The airline is managed by managing director as well as the Board of Directors. The Board consists of nine independent non-executive members and has four sub-committees: an Audit Committee, Brand and Advertising Committee, Finance Committee, and Human Resource Committee each having its own charter and chairman. The MD leads the executive management of staff who run the airline. The airline's main headquarters are located at Karachi Airport while smaller sub head offices are located in several cities within Pakistan.

An Airbus 310 at Leeds Bradford International Airport (2011).
Financial performance
The financial performance for FY 2011 continues to be a challenge with an after tax loss of PKR 26.767 billion. This was preceded by six consecutive loss making years dating back to 2005. The airline did report a reduction of post tax losses of 83% in 2009 (compared to 2008) based on a reduction in fuel cost, comparatively stable exchange rate for the Pakistan Rupee and higher revenues. But in 2011 & 2010, losses again rose sharply compared to the previous years.
The airline faces many challenges to its profitability such as staffing levels and overall management issues. An employee count of 18,014 for a fleet of 40 aircraft is clearly an area that needs to be reviewed.
The report for the first quarter of 2012 does not show any improvement. The after tax losses reported for the first quarter of 2012 are PKR 7.81 billion as compared to PKR 4.24 for Q1 of 2011. Revenue is also pretty much stagnant at PKR 26.44 billion for the first quarter of 2012 compared with PKR 26.18 billion for the first quarter of 2011.
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