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 Turns a Profit
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 Turns a Profit

More Passengers and Higher Load Factors Bring Out the Black Ink at Indonesia's National Air Carrier.


Bali News: Garuda Turns a Profit
Click Image to Enlarge

(11/3/2007)

Tempo Interaktif reports that Garuda Indonesia created a profit of Rp. 218 billion (US$23.7 million) in the period January-September 2007, an increase of 150% over the same period in the preceding year. Garuda suffered a loss of Rp. 436 billion (US$47.39 million) in 2006.

"Current results are a good step, while over the past three years Garuda always suffered losses," explained Garuda Chief Executive Officer, Emirsyah Satar.

Emirsyah is very optimistic that Garuda's profitability will continue to improve through the end of 2007, pointing out that "the second semester is peak season." The Indonesian national flag carrier has also managed to improve its cash flow, achieving US$919 million or a 17% improvement over the US$786 cash flow of January-September 2006.

Passenger load factors have also improved at Garuda Indonesia by approximately 10%. Average passengers loads January-September 2007 stood at 78%, up from the 71% recorded in the same period the year before. During the same period, total passengers carried hit 6.1 million, up from 5.6 million in the first three quarters of 2006.


© 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
When You Gotta Go, You Gotta Go
27-Year Old Australian Man Standing Trial in April 2014 Hijacking Scare on a Bali-Bound Virgin Australia Flight
(10/31/2014)
Now, Let us Pray
Religious Affair Minister Lukman Hakim Saifuddin Proposes Legislation to End Religious Persecution in Indonesia
(10/31/2014)
Bali's Man at the Presidential Palace
A.A. Gede Ngurah Puspayoga is Sole Balinese Named to Joko Widodo's Presidential Cabinet
(10/31/2014)
Vox Populi in Bali
Province of Bali Introduces Monthly Open Forum to Allow Citizens to Voice Criticism and Recommendations to Provincial Officials
(10/31/2014)
Conned by Condotels?
Marketer and Developer of Swiss-Belhotel Bali Condotel Project in Bali Being Sued by Unhappy Purchasers
(10/31/2014)
When Governments Fail to Act
Bankruptcy of Kintamani Restaurants Blamed on Bad Governance
(10/31/2014)
Arief Yahya Named Indonesia's Minister of Tourism
President Joko Widodo Picks Telkom CEO to be Indonesia's Tourism Czar
(10/31/2014)
Christmas Holiday Start for AirAsia X Bali-Melbourne Service
Indonesia AirAsia X to Start Flights Five Times Each Week Bali-Melbourne on December 26, 2014
(10/31/2014)
Tourism Drawing Lines in the Sand
Indonesian Minister of Tourism Label Malaysia and Thailand as 'Common Enemies' of Indonesian Tourism - Calling for Better Information Technology and Enhanced Hygiene
(10/31/2014)
Will Bali Put Crooked Moneychangers Out of Business?
Bank Indonesia Changing Registration Rules for Bali Moneychangers
(10/31/2014)
Beyond Bali
ASITA Calls on New Tourism Minister to Focus on More than Merely Bali in Designing Tourism Policies
(10/31/2014)
Be it Never so Humble
Export of Knockdown House from Bali Remains Sluggish
(10/31/2014)
All [News]!