Close
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's Profitability Zooms in 2008
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's Profitability Zooms in 2008

Efficiency, New Aircraft and the Sales of Assets Allows Garuda Profits to Increase Eleven-Fold in 2008.


Bali News: Garuda's Profitability Zooms in 2008
Click Image to Enlarge

(4/25/2009)

Garuda Indonesia experienced an 11-fold increase in net profits in 2008 as compared to 2007. Net profits in 2008 for the Indonesian flag carrier totaled Rp. 669 billion (US$59.7 million) while in 2007 only Rp. 60 billion (US$5.4 million) in profits were booked.

In 2008 Garuda carried 10.1 million paying passengers, an increase of 9.8% over 2007 when 9.2 million passengers flew with the airline.

Quoted in Kompas, the airline's CEO, Emirsyah Satar, analyzed Garuda's good fortune, saying: "in the current global financial crisis, airline passengers are decreasing more on long haul routes. Passenger loads on domestic and regional routes continue to grow."

Satar also attributed his airlines profitability on fuel saving programs, an increasingly younger fleet of aircraft, electronic procurement systems and other management efficiencies now being introduced.

An aviation analyst, Dudi Sudibyo, also credits Garuda's surge in profitability to the sale of the corporate headquarter building in downtown Jakarta, suggesting that the vastly improved profitability is not completely due to operational issues and may not be sustainable over the long term.

Garuda operates 50 Boeing 737-NG, 10 Boeing 777-300ER and is scheduled to receive a new Boeing 777-800NG and Airbus 330 in June of 2009.


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


 
UBUD WRITERS & READERS FESTIVAL
 
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
Weíre Going to Change the World!
Young People Invited to Joining Baliís Global Initiatives Networking Conference at Canggu Community School October 3-5, 2014
(9/20/2014)
Flying High and Fancy with Garuda
Garuda Indonesia Named as Best Passenger Experience in Asia Pacific Region
(9/20/2014)
Chicago Lovers Come Clean in Bali
Bali Police Say Tommy Schaefer and Heather Mack Confess to Roles in Murder of Chicago Socialite Sheila von Weise Mack
(9/20/2014)
Factory Direct
Bali Police Raid Two Narcotics Factories in Denpasar and Buleleng
(9/20/2014)
Cleared for More Landing?
Deputy-Governor of Bali Calls for Extra Runway at Islandís Airport
(9/20/2014)
Longer Hauls; Lower Fares
Indonesia AirAsia Targets Offering Long-Haul Low-Cost Flights to Australia by End of 2014
(9/20/2014)
An Enigma of Non-Arrival
Nobel Laureate V.S. Naipual Removed from Program for 11th Ubud Writers and Readers Festival
(9/20/2014)
Happy Landings Galore
Operator of Baliís New Airport Claims it to be the Most Beautiful in the World
(9/20/2014)
When the Past is Pasta
Uma Cucina at Uma by Como Ubud Celebrates its First Anniversary with Three Italian Culinary Events
(9/20/2014)
They Have to be Carefully Taught
Bali Officials from Badung Regency Allow Illegal Villas in North Kuta to Continue Operations
(9/20/2014)
Is the Under Over?
Plans for Pedestrian Underpass at Ngurah Rai Statue Park Now in Doubt
(9/20/2014)
Merpati at an Impasse
Out of Cash with No Assets Left to Sell,ia Merpati Airlines Beyond Redemption?
(9/20/2014)
All [News]!
 
Tourism and Transport Tourism Agents