JAKARTA - Tempo Interaktif reports that Garuda Indonesia created a profit of Rp. 218 billion (16.8 million euro) in the period January-September 2007, an increase of 150% over the same period in the preceding year. Garuda suffered a loss of Rp. 436 billion (33.5 million euro) in 2006. "Current results are a good step, while over the past three years Garuda always suffered losses," explained Garuda Chief Executive Officer, Emirsyah Satar.
Emirsyah is very optimistic that Garuda's profitability will continue to improve through the end of 2007, pointing out that "the second semester is peak season." The Indonesian national flag carrier has also managed to improve its cash flow, achieving 1,29 billion euro or a 17% improvement over the 1,1 billion euro cash flow of January-September 2006.
Passenger load factors have also improved at Garuda Indonesia by approximately 10%. Average passengers loads January-September 2007 stood at 78%, up from the 71% recorded in the same period the year before. During the same period, total passengers carried hit 6.1 million, up from 5.6 million in the first three quarters of 2006.
There are no reactions on this blog entry yet. Be the first one to give a reaction here!
Log in to write a reaction
You are not logged in to the website. You have to be logged in to write a reaction on this blog entry.
· If you already have an account, please login. · If you have lost your password, please retrieve it. · If you don't have an account yet, you can create one.
ABOUT THIS ENTRY
Add this blog entry to your email, your own blog, MySpace, Facebook, or whatsoever via AddThis:
Login if you want to receive emails for reactions on this blog entry. You will receive an update as soon as a reaction on this blog entry is posted.
Looking for e-tickets for flights in Indonesia? Here's your solution! Order your e-tickets at ticketindonesia.info.
JAKARTA - Tempo Interaktif reports that Garuda Indonesia created a profit of Rp. 218 billion (16.8 million euro) in the period January-September 2007, an increase of 150% over the same period in the preceding year. Garuda suffered a loss of Rp. 436 billion (33.5 million euro) in 2006. "Current results are a good step, while over the past three years Garuda always suffered losses," explained Garuda Chief Executive Officer, Emirsyah Satar.
