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 · Garuda Issues a Profit Warning
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
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Garuda Issues a Profit Warning

National Carrier Says Recent Bali Bombing Will Side-Track Current Profitiability Drive.


Bali News:
Click Image to Enlarge

(10/17/2005)

Following the most recent Bali bombing, Garuda Indonesia's management have become increasingly pessimistic that they will manage to bring the airline to a break even point in the current operating year. At best, according to inside observers at the Airline, losses for 2005 may come in at something less than the Rp. 811 billion (approximately US$79.1 million) recorded in 2004.

Quoted in the Indonesian-language daily Kompas, the Airline's Financial Director Alex Maneklaran said, "After the Bali bombing, I feel the break even point target will be difficult to achieve. At the most, we will work to hold losses at less than those of the previous year."

Speaking in Jakarta on October 10, 2005, Maneklaran said that after the October 1st bombing in Bali Garuda saw a 20% cancellation rate of Japanese and a 15% cancellation rate of Australian travelers booked to holiday in Bali. "We are concerned that fears by Japanese and Australian tourists will persist through the end of the year. In fact, it is precisely the end of the year when peak passenger loads are achieved," he added.

Preliminary operating figures for August indicated that Garuda managed to book an operating profit of Rp. 25 billion (approximately US$2.44 million) against revenues of Rp. 860 billion (approximately US$83.9 million).


© 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
No More Dog and Pony Shows, Please!
Editorial: The Lack of a Public Hearing Process in Bali is Leading Bali into Murky Dangerous Waters on Non-Transparency
(12/19/2014)
For Instant Gas Relief
Pertamina Says it will Go Ahead with ‘Perfectly Safe’ LNG Depot at Bali’s Port of Benoa
(12/19/2014)
A Sinking Feeling
PT Pelni Doubles the Maximum Passenger Limits on its Passenger Ships Over the Year End Holiday Period
(12/13/2014)
What a Difference a Day Makes
Provincial Workers in Bali Government Granted Only a One-Day Holiday at Galungan
(12/13/2014)
When is Enough, Enough?
While Government Targets 20 Million Foreign Tourists by 2019, Concerns Expressed Regarding Carrying Capacity of Indonesia’s Tourism Infrastructure
(12/13/2014)
Tax and Service Included
Requirement to Include Airport Service Charge in Price of Airline Tickets Postponed until March 1, 2015
(12/13/2014)
From the Past, into the Present, for the Future
An exhibition of Batik by Museum Kain at the Ganesha Gallery in Bali from December 25, 2014 – January 2, 2015
(12/13/2014)
What's Cooking for Christmas?
Bali Culinary Professionals Christmas Party on Saturday, December 20, 2014
(12/13/2014)
90% Arrivals from Domestic & Regional Sources
Bali by the Numbers: While November Foreign Tourist Arrival Dip, Bali Likely to End 2014 with 3.7 million Foreign Visitors
(12/19/2014)
Sounds of the Season
Bali Community Choir in Concert of Christmas Music on Friday, December 19, 2014
(12/13/2014)
Lavishing on our Lavatories
Governor Identifies Clean Toilets at Government Offices as Fundamental to Good Public Service
(12/13/2014)
Benoa Bay: Ankle Deep in Troubles
Increasing Shallowness of Benoa Bay Underlines Need to Revitalize the Area’s Natural Environment
(12/13/2014)
All [News]!