LAHORE The Pakistan International Airlines (PIA) accumulated losses have crossed the mark of Rs92 billion by 2010, sources said while commenting on the airlines audited accounts for the year ended December 31, 2010. Sources said that PIAs downhill slide into heavy losses continued during 2010 as the national carrier added an additional loss after Tax of Rs10 billion to it accumulated losses, raising it to Rs92 billion. They added that the external auditors in their report to the Board of Directors stated that the corporation incurred loss of Rs20.78 billion during 2010 raising the accumulated losses to Rs92.32 billion and as of December 31, 2010 the corporations current liabilities exceed its current assets by Rs59.097 billion. According to them the uncontrolled bleeding in PIA started when Shaukat Aziz, the then Prime Minister appointed his friends Tariq Kirmani and Zafar Khan to head the airline and the debacle did not stop there till Aijaz Haroon brought it to the point of bankruptcy. During the three-year tenure of Captain Aijaz Haroon as Managing Director, the airline incurred a phenomenal loss of over Rs62 billion, double the accumulated loss of its 55 years history. Sources added that IATA airlines had one of the best years in 2010 and many airlines had overcome their financial problems in particular due to reasonable fuel prices, yet PIA drifted into deeper financial crisis due to its high cost per Available Ton kilometre.