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PNG Air reports K26.7 million Loss in 2024 amid fuel crisis and fleet restructuring
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PNG Air reports K26.7 million Loss in 2024 amid fuel crisis and fleet restructuring
PNG Air has released its 2024 Annual Report, revealing a challenging year marked by significant losses driven by a nationwide fuel crisis and kina depreciation. The airline’s pre-tax loss for the year was K26.7 million, a stark contrast to the K72.3 million pre-tax profit recorded in 2023. In a statement, PNG Air Board Chairman Augustine Mano highlighted the difficulties faced during the year. To access this post, you must purchase Web or W…
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