close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
March 14, 2019

Pak-India airspace closure: National institutions suffer Rs2.55b loss

Top Story

March 14, 2019

KARACHI: Pakistan and India have closed their airspace for each other for the last two weeks after rise of tension between the two countries due to which the national institutons of Pakistan have suffered losses of Rs2.55 billion. The airlines and civil aviation authorities of both the countries are enduring massive losses. The flights between Europe to Far-East are not only facing massive financial losses, but the flight duration has also increased, while the airlines have also increased their ticket prices. The schedule of the airlines flying on these routes has also been affected.

The Pakistan International Airlines (PIA) has suffered loss of Rs1.05 billion due to closure of certain routes for the airline, while the Civil Aviation Authority of Pakistan has incurred a loss of around Rs1.5 billion so far due to prevailing tension.

Only few large airports are still open, while the airlines are now using long routes due to which the air travel duration has increased, which has resulted into increase in air fares. Only the PIA is suffering a loss of over 70 million on daily basis in the head of fuel charges.

Topstory minus plus

Opinion minus plus

Newspost minus plus

Editorial minus plus

National minus plus

World minus plus

Sports minus plus

Business minus plus

Karachi minus plus

Lahore minus plus

Islamabad minus plus

Peshawar minus plus