Pakistan International Airlines Corporation Limited Overview
Pro stress-test →Pakistan International Airlines is the national flag carrier of Pakistan, with primary hub at Jinnah International Airport in Karachi and secondary hubs in Lahore and Islamabad. The airline was privatised in 2025, ending direct government ownership and transferring majority control to the private sector. As of December 2024, the airline generated $857M in trailing 12-month revenue.
Strategic Profile
Pro stress-test →In February 2026, the Arif Habib Group announced plans to buy the remaining 25% of PIA, with expected regulatory approval in April. The consortium paid approximately Rs135 billion in December 2025 to acquire a 75% stake. Through a Scheme of Arrangement, the airline shed legacy debts and non-core assets, with a new holding company created to absorb approximately Rs660 billion in legacy liabilities, allowing PIACL to operate solely as an airline.
Competitive Landscape
Pro stress-test →Philippine Airlines is among PIA's 42 identified competitors. PIA competes with international carriers serving South Asian markets including Emirates, Qatar Airways, and Turkish Airlines. As Pakistan's national carrier operating domestic and international routes, PIA must rebuild market share following operational restrictions and financial challenges while competing against stronger regional carriers.
Industry Context
Pakistan International Airlines Corporation Limited operates in Commercial Aviation/Airlines.
Key facts
Founded: 1946 · Headquarters: Karachi, Pakistan · Employees: 7,547 · Revenue: $857M · Market cap: $344M