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 · Flying Back into the Black
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

Flying Back into the Black

Garuda Indonesian Returns to Profitability in Q3 2017


Bali News: Garuda Indonesia, Profitability, Cost Cutting, Pahala Mansury
Click Image to Enlarge

(10/29/2017)

Indonesian flag carrier Garuda Indonesia has managed a financial turn-around posting a 3Q profit  linked to aggressive cost cutting that also help offset rising fuel prices.

 
As reported by Asia.nikkei.com, Garuda posted a profit of US$59.9 million for the 3Q (July-September), a three-fold increase over the same quarter one year before.
 
Q3 revenues for the airlines increased 11% totaling US$1.22 billion, spurred by revenues generated by Haj pilgrimages and an increase in charter flights.
 
To reduce costs, Garuda has eliminated loss-making routes and intensifying the marketing of its digital networks. Also, curtailed was the level of service in the first-class cabin.
 
On a cumulative basis January-September 2017, Garuda recorded a loss of US$222 million, having loss US$44 million for fiscal 2016.  The airline also suffered one-time expenditures due to penalties imposed under the tax amnesty program.
 
The Airline’s management is working to maintain a level of profitability that will allow Garuda to resume plans for the purchase of new aircraft and an expansion of its current route network.
 
The Airline’s CEO, Pahala Mansury, is renegotiating leasing contract with aircraft leasing companies that will entail a delayed delivery of new aircraft.
 
Management is seeking to achieve US$100 m in costs savings for all of 2017.


© 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
More Coin for Three Fountains
Badung Regency Installing Dancing Fountains at Three Major Public Monuments
(11/19/2017)
For Sale: 350 Bali Houses at Rp. 3 Billion Each
350-Unit Elite Housing Complex to be built in Tohpati, North Sanur, Bali by Waskita Karya Realty
(11/19/2017)
Indonesian Tourism Ė One Complex at a Time
Baliís ITDC Celebrates 44 Years of Developing Indonesian Tourism
(11/18/2017)
Time to Tango?
Solo Tango Orquesta to Appear at Padma Resort Legian, Bali on November 30, 2017
(11/19/2017)
Party on the Beach in Sanur
ARTOTEL to Open a Sanur Beach Club, Bali in December
(11/19/2017)
Bumble in Jungle
Four Villagers in Karangasem, Bali Suffer Attack by Jungle Bees
(11/19/2017)
Whatís the Buzz
Provincial Health Officials Warns Public to be on Guard Against Mosquito Bites that Cause Dengue Fever
(11/18/2017)
Counter Moves at Bali Airport
Bali Airport Adding 40 New Check-in Counters for IMF-World Bank Conference in 2018
(11/19/2017)
Major MICE Show Coming to Indonesia
DestinASEAN Meeting, Incentive, Convention and Exhibition Show in Tangerang, Indonesia April 9-10, 2018
(11/18/2017)
OTAs Asked to Pay their Fair Share in Taxes
Indonesian Hoteliers Want to Pressure International Online Travel Agents to Pay Sales Taxes.
(11/18/2017)
One Less Corrupt Official in Baliís North
Karangasem Official Collecting Illegal Levies from Tulamben Dive Operators Sent to Prison for One Year
(11/18/2017)
A Way Back for Baliís Lake Batur
Regional and National Efforts Underway to Reverse the Severe Environmental Degradation of Baliís Lake Batur
(11/18/2017)
All [News]!