Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Seeking to Soar Financially in 2018
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

+62 (0)812 3819724
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

Bali News

Seeking to Soar Financially in 2018

Garuda Aims to Post a Modest Profit for Q2 2017 on the Way to a Profitable 2018

Bali News: Garuda Indonesia, financial results, Pahala N Mansury
Click Image to Enlarge

(12/24/2017) reports that the Indonesian National Flag Carrier PT Garuda Indonesia is confident that the Airline’s financial prospects are on the mend; optimistic that the 2nd semester of 2017 will end in the black.

The CEO of Garuda Indonesia, Pahala N Mansury, forecasts that the Airline will show a profit for the half year ending December 2017, because Q3 for 2017 showed a modest profit.

Quoted on Monday, December 18, 2017, Mansury said: “Because the three-months of Q3 saw a profit of US$62 million, we hope to at least break even in the following quarter leaving the second semester profitable as a whole.”

Q4 2018 for Garuda Indonesia saw the carrier’s financial results disrupted by the continuing eruption of Mount Agung in Bali, with passengers numbers declining as much as 10-15% because of the volcano.

Garuda total income for 2017 is expected to end the year at US$3.4 billion with the Airline expecting that figure to climb 11-12% in 2018.

While Garuda is not prepared to reveal profitability targets for 2018, measures aimed at increasing efficiency and productivity are ongoing across the Airline’s system. Mansury revealed that steps are underway to reduce fuels costs, reduce leasing expenses were now underway, and derive larger profit contributions from the Airlines subsidiaries that provide aircraft maintenance and catering support.

For all of 2017, Garuda will have carried 35-36 million passengers on its domestic and international route network, a number targeted to hit 37-38 million in the coming year.

System wide, Garuda is seeking to increase the utilisation of its aircraft from the current average of 9 hours 45 minutes to 10 hours 15 minutes by means of increasing flight frequencies on a number of routes.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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
Working to Preserve and Promote Bali Arts
Bale Banjar Culture Club to Feature Peter J. Wilson and Made Sidia – World Renowned Producers of Balinese Stage Performances
Does Bali Already Have a Second International Airport?
Editorial: A Practical Perspective on a Second Airport for Bali
Shopping on Touchdown in Bali
New Duty Free Shopping Area for International Passengers Arriving in Bali
Seeking Wider Horizons of Understanding
TEDxUbud Event Set to Stimulate Innovation and Creativity on Saturday, May 5, 2018
Keeping the News Cycle Positive
Udayana Military Commander Calls on Media to ’Self-Censor’ and Avoid Controversial Reporting in Run-Up to IMF-World Bank Meeting
Fugitives No More
Fugitive German and Indonesian Wife Captured by State Prosecutors to Start Serving Prison Sentences Handed Down in Bali Property Scam
Enhancing the Quality of Bali Visitors
Tourism Ministry Outlines How Bali Can Attract Higher Quality Tourist Visitors
Roll Out the Barrels
Australian Government Assisting Bali in Conquering Mounting Trash Problem
The Rainbow Connection
Green Peace’s Rainbow Warrior Uses Bali Visit to Fight Coal-powered Electricity, Plastic Pollution and Lend Support to ForBALI’s Fight Against Reclamation of Benoa Bay
Friday the 13th in Bali
Tourist Bus Kills One Man and Damages 6 Cars and 2 Motorcycles in Spectacular Chain-Collision Near Bali’s GWK Monument
3-Month Sticker Visas for Vehicles Visiting Bali
Bali Government Seeking to set 3-month Limit on the Amount of Time Cars Registered Outside Bali can Spend in the Province
Shown the Door
North Bali Immigration Deports Dutch Husband and Wife for Illegally Operating Two Rental Villas
All [News]!