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.


 
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
Bali Shall Not Forget
Mark the Date: Bali Remembers Pan Am 812 – April 22, 2014
(4/14/2014)
Wear Your Easter Bonnet
Book a Seat or a Table for the “Diva’s Lunch” at Jemme Restaurant on Friday, April 25, 2014
(4/14/2014)
Paying More, Getting Less
Lawmakers and Public Complain About Increase Passenger Service Charges at Bali’s Airport
(4/14/2014)
Pets Not Welcome
Bali Police Cracking Down on Pet Smuggling from Java
(4/14/2014)
Education for Excellence
STPBI Now Providing Certified Hotel Administration Training in Bali
(4/14/2014)
Bali as a Cheapening Destination
Moratorium on New Rooms in Bali Needed to Stop Bali’s Decline into a Cheap Destination
(4/14/2014)
Indonesia Takes Delivery of RI-1
Indonesia Get its First Presidential Jet
(4/14/2014)
Flying into Trouble
Indonesian Air Force Compel Swiss Aviator Heinz Pier Violating National Airspace to Land in North Sumatra
(4/14/2014)
Tiger Vanishing in Thin Air
Tigerair Mandala Continues to Shrink and Cancel Routes
(4/15/2014)
More Fiber Optic Service for Bali
Telkom Investing to Increase Fiber Optic Network in Bali and Throughout Indonesia
(4/14/2014)
Giving Channel Seven Australia an Aussie Salute
Editorial: Calling on Channel Seven Australia To Give Bali a “Fair Go” in How its Represented to the Australian Public
(4/14/2014)
Indecision is Expensive
Bali Urged to Quickly Decide Location of New Airport of the North
(4/14/2014)
All [News]!
 
Tourism and Transport Tourism Agents