The Pakistan International Airline Corporation is the national-flag carrier airline of Pakistan. The PIA was incorporated under the PIAC Act 1956 and is listed on all three domestic stock exchanges, with the Government of Pakistan as the principal shareholder with 85 per cent of the share capital. The paper Pakistan International Airlines: A Performance Analysis 2013-2015 has been commissioned by PILDAT as part of the Democracy and Governance programme to assess the performance of key democratic State Institutions under PILDAT’s initiative of Citizens’ Periodic Report on the Performance of State Institutes. Ms. Nargis Sethi, Former Federal Secretary of Defence, has authored the paper. While she sheds light on various aspects of the corporation, she mainly presents a detailed overview of PIA’s current economic conditions and the way forward. The author has used data in this paper has mostly from the PIA Annual Report 2014 and from a few summaries presented by the PIA management in different meetings.