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Anum alam initial pages. 090

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Anum alam initial pages. 090

  1. 1. ANALYSIS OF THE PERFORMACE OF PIA AND THE REASONS OF HUGE LOSSES __________________ A thesis Presented to The faculty of Management Sciences Bahria Institute of Management & Computer Sciences, Karachi ____________________ In Partial Fulfillment of the Requirements for the Degree Master in Business Administration ------------------------------------ By Muhammad REG # February, 2013
  2. 2. BAHRIA UNIVERSITY INSTITUTE OF MANAGEMENT AND COMPUTER SCIENCES, KARACHI RECOMMENDATION FOR ORAL EXAMINATION This Project/thesis hereto attached, entitled, “ANALYSIS OF THE PERFORMACE OF PIA AND THE REASONS OF HUGE LOSSES”, prepared and submitted by Muhammad , in partial fulfillment of the requirements for the degree Master in Business Administration, is hereby recommended for appropriate action. Date: _______ _________________ Advisor Name: __________________ PROJECT/ THESIS COMMITTEE In partial fulfillment of the requirements for the degree of Master in Business Administration, this thesis entitled, “ANALYSIS OF THE PERFORMACE OF PIA AND THE REASONS OF HUGE LOSSES.” is hereby recommended for Oral Examination. _________________________ Chairman Name: __________________ _____________________ __________________ ____________________ Member Member Member Name:_____________ Name:_____________ Name:______________ __________________ Date
  3. 3. BAHRIAUNIVERSITY INSTITUTE OF MANAGEMENT AND COMPUTER SCIENCES, KARACHI Project/Thesis: ANALYSIS OF THE PERFORMACE OF PIA AND THE REASONS OF HUGE LOSSES Date: ____________ Time: ____________ PANEL OF ORAL EXAMINERS ACTION _________________________ ____________ Chairman Name: _________________ ____________________________ ____________ Member Name: _________________ _____________________________ ____________ Member Name: _______________ ____________________________ Advisor Name: ______________
  4. 4. BAHRIAUNIVERSITY INSTITUTE OF MANAGEMENT AND COMPUTER SCIENCES, KARACHI APPROVAL SHEET This Project/ thesis entitled, “ANALYSIS OF THE PERFORMACE OF PIA AND THE REASONS OF HUGE LOSSES ” prepared and submitted by MUHAMMAD , in partial fulfillment of the requirements for the degree of Master in Business Administration has been examined and recommended for acceptance and approval. THESIS COMMITTEE ____________________________ Chairman Name: _________________ __________________ __________________ __________________ Member Member Member Name: ____________ Name:____________ Name:____________ PANEL OF EXAMINERS Approved by the Committee on Oral Examination with a Grade of __________ ____________________________ Chairman Name: __________________ __________________ __________________ ________________ Member Member Member Name: _____________ Name:_____________ Name:____________ __________________________________ Head of the Department Management Sciences ORAL EXAMINATION ON PROJECT/THESIS
  5. 5. ACKNOWLEDGMENT: My truthful thanks to Almighty Allah for His benevolence and guidance in granting me strength and fortitude to complete this work, without his support I could not have accomplished this project. I take immense pleasure in thanking Mr. Mansoor Zakir, my respected Advisor for continuous guidance and counseling to make this thesis report reached its completion and at the same time be up to the mark. I wish to express my deep sense of gratitude to Mr. Irfan Jewa–PIA for his able guidance and useful suggestions, which helped me in completing the project work along with provision of opportunity of experiencing the subject matter in the real business context. Finally, yet importantly, I would like to express my heartfelt thanks to my beloved parents for their blessings, my Friends for their help and wishes for the successful completion of this project.
  6. 6. LETTER OF TRANSMITTAL: 23th February, 2013 TO WHOM IT MAY CONCERN Bahria University, Karachi Campus, SUBJECT: SUBMISSION OF HRM THESIS REPORT Respected Sir/Madam, I have the pleasure in forwarding to you the HRM Thesis Report on “ANALYSIS OF THE PERFORMACE OF PIA AND THE REASONS OF HUGE LOSSES”. The report is submitted in accordance with the format provided including requirements of application of learned theory in the project with provision of own analysis in order to furnish you with thesis report. I have synchronized my efforts and time in order to put forward the report proving to be up to the mark as in to fulfill the real objective of this project i.e. to be able to apply learned knowledge in the practical world and understand the correlation in between. However, if any clarification is needed further, I shall be obligate to come forward for the same. Kindly accept our piece of work. Yours sincerely, Muhammad (Reg. No. )
  7. 7. ABSTRACT PIA (Pakistan International Airline) is the flag bearing airline of Pakistan. The airline was once the proud of Pakistan but know it is under heavy debts from Government and from the private sector. The share price of the Airline is has decreased up to 43% in the last 5 years period. Investors are not willing to invest in a single share of PIA. It was a time when people from Pakistan and from different parts of the world feel proud to fly with PIA. After Hajj Corruption case and many others like the same, people feel bad about the airline. The fair of the airline is also higher from the domestic competing airline and this becomes the reason of declining market share too. Despite of the worst financial performance of the airline is having other issues too. One of the main issues is political intervention in decisions and management of PIA. The major decisions cannot be taken by the management itself. Corruption in tenders has become a common example now. The international airline industry has experience diminishing growth in the past five years due to a slowdown in demand, high fuel costs and falling profitability. Fuel prices have increased strongly over the past five years at an average of 26.2% per annum. High and increasing competition on price and quality, as passenger preferences change. High but decreasing barriers to entry as costs to purchase aircrafts, machinery and skilled labor are very high and there is limited airport capacity. The vision and mission of PIA states that it has to go up with the people of Pakistan and is established with a view to lead the airline industry. The airline has gained its name and recognition in the market within a short span of time but after a number of issues, it derails from the earned reputation
  8. 8. Dedication This report is dedicated to my Parents and my colleagues, who always motivated me and ensured me that commitment and efforts will always bear the desired fruit.

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