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Pakistan International Airlines
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(Rs mn)                     CY11     CY10    chg   1QCY12   1QCY11     chg
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Revenue (net)            116,551   107,532     8%  26,445   26,182      1%
Cost of services
Aircraft fuel             62,965    44,707    41%  15,146   13,107     16%
Gross Profit               1,584    14,972   -89%  (1,324)     803
Exchange loss - net        4,219     2,092   102%    (737)     730
Other operating income       546     2,270   -76%     389       45    763%
Operating profit/(loss)  (17,927)      720         (4,990)  (1,590)   214%
Loss before taxation     (28,026)   (8,580)  227%  (7,680)  (3,983)    93%
Loss for the year        (26,767)  (20,785)   29%  (7,812)  (4,244)    84%
Gross margin                1.36%    13.92%         -5.01%    3.07%
Operating margin          -15.38%     0.67%        -18.87%   -6.07%
Pre-tax margin            -24.05%    -7.98%        -29.04%  -15.21%
Net margin                -22.97%   -19.33%        -29.54%  -16.21%
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Source: KSE Notice