Air Niugini's subsidiary - LINK PNG

[troppo]

Originally Posted by olderairhead

Poxie made a K54 million loss for 2018. 2017 was not much better with a K45. 8 million loss.

PX records over K54m loss in 2018 | Loop PNG

All things considered and in lieu of publicly available audited accounts I reckon that is a pretty good effort. We're only talking USD$16m and some flag carriers have lost far more under less challenging conditions. That said, the last available Auditor General's report alludes to some umm...issues that need to be resolved The overall impact of addressing the identified issues may mean a significantly higher loss being booked but in the meantime cat and mouse with the Auditor General and burying heads in sand should prevent a popular uprising

Pinky, it's not a real business. It's state owned ie tax payer funded