The PIA to Save Rs 8 Billion Annually as It Cuts Employee to Aircraft Ratio by 52%
The PIA to Save Rs 8 Billion Annually as It Cuts Employee to Aircraft Ratio by 52% Pakistan International Airlines (PIA) has significantly reduced its employee to aircraft ratio thanks to the ongoing structural and organizational reforms process. Speaking in this regard, Chief Executive Officer (CEO) PIA, Air Marshal Arshad Malik, said that the national flag carrier has brought down its employee to aircraft ratio to 260 which stood at 550 in 2017. The move will enable PIA to save more than Rs. 8 billion on its annual wage bill. The employee to aircraft ratio of top airlines worldwide varies between 200 and 250. The addition of more aircraft in the fleet of PIA would bring down its employee to aircraft ratio to 220 this year. Turkish Airlines has 329 aircraft in its fleet and 31,000 employees. Its aircraft-to-employee ratio is 94. Qatar Airways has 240 aircraft in its fleet and 32,000 employees making its aircraft-to-employee ratio 133. Etihad Airways has 102 aircraft in its fleet ...