The National News Agency Antara reports that PT Garuda Indonesia - the flag carrier of Indonesia managed to post an unaudited profit of Rp. 259 billion (US$27.8 million) for 2007.
This contrasts with a loss of Rp. 197 billion (US$21.2 million) record in 2006.
The favorable turn-around for Garuda was revealed by the Airline's President Director, Emirsyah Satar, during recent hearings before Commission V of the Indonesian House of Representatives.
In these hearings, Emirsyah also reported:
• Load factors for Garuda in 2007 averaged 78%, up from the average 72% recorded in 2006.
• Total passengers carried by the Airline increased year on year by +11% to a total uplift of 8.41 million passengers.
• Total turnover in 2007 increased +16% to US$1.04 billion, up from US$896 million in 2006.
Discovery Tours. Articles may be quoted and reproduced
if attributed to http://www.balidiscovery.com.