Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Flying Back into the Black
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

Flying Back into the Black

Garuda Indonesian Returns to Profitability in Q3 2017


Bali News: Garuda Indonesia, Profitability, Cost Cutting, Pahala Mansury
Click Image to Enlarge

(10/29/2017)

Indonesian flag carrier Garuda Indonesia has managed a financial turn-around posting a 3Q profit  linked to aggressive cost cutting that also help offset rising fuel prices.

 
As reported by Asia.nikkei.com, Garuda posted a profit of US$59.9 million for the 3Q (July-September), a three-fold increase over the same quarter one year before.
 
Q3 revenues for the airlines increased 11% totaling US$1.22 billion, spurred by revenues generated by Haj pilgrimages and an increase in charter flights.
 
To reduce costs, Garuda has eliminated loss-making routes and intensifying the marketing of its digital networks. Also, curtailed was the level of service in the first-class cabin.
 
On a cumulative basis January-September 2017, Garuda recorded a loss of US$222 million, having loss US$44 million for fiscal 2016.  The airline also suffered one-time expenditures due to penalties imposed under the tax amnesty program.
 
The Airline’s management is working to maintain a level of profitability that will allow Garuda to resume plans for the purchase of new aircraft and an expansion of its current route network.
 
The Airline’s CEO, Pahala Mansury, is renegotiating leasing contract with aircraft leasing companies that will entail a delayed delivery of new aircraft.
 
Management is seeking to achieve US$100 m in costs savings for all of 2017.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Sunset Swim Ends Tragically
Finnish Tourist Drowns Off Berawa Beach in Bali
(2/18/2018)
Making a Difference in the Lives of Bali Children
Australian Margaret Barry Honored with Order of Australian Medal for Her Work with Bali Children Foundation.
(2/18/2018)
Bale Banjar Culture Club: Balinese Music Demystified
Vaughn Hatch of Mekar Bhuana Speaks on Balinese Music at March 11, 2018, Bale Banjar Lecture Ė Ayoda Resort Bali
(2/18/2018)
350-kms by Hand Cycle Around Bali
Giro Hand Cycle Ride Around Bali April 28 Ė May 1, 2018
(2/18/2018)
Writing it Long, Writing it Clear
Protestors Bring 150-Meter-Long Banner to Governorís Office Rejecting Reclamation of Benoa Bay
(2/18/2018)
Canines Who Dine on What You Donít
Hotel in Ubud Recycles Leftover Food to Feed Hungry Bali Dogs
(2/18/2018)
Hate Two Pieces
Angry Citizens Demand Removal of Hotel Advertisement on Denpasar Ė Gilimanuk Highway.
(2/18/2018)
Itís All Happening at the Zoo!
Bali Zoo Booming Over Chinese New Year Period
(2/18/2018)
Banyuwangi as a New Gateway to Bali
Banyuwangi Ė the Quick Way to Access Baliís West and North, Now Poised to Become International Airport
(2/18/2018)
Fore Play in Nusa Dua
Free Golf Lessons on Wednesdays and Saturdays at Bali National Golf
(2/18/2018)
American Dies While Surfing
American Living in Bali Dies While Surfing off Sanur Beach
(2/18/2018)
A Nation of Islands; A Nation of Sails
Indonesian Traditional Pinisi Sailing Ships Named Icon of Cultural Heritage
(2/18/2018)
All [News]!