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:
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
Donít Drink and Die
3 Dead and 1 Hospitalized Following Methanol Poisoning at Kuta Cafe
(7/27/2015)
Where Thereís Smoke . . .
Police Investigating Claim of Police Seeking ĎSpecial Paymentí from Bank Central Asia Official in Connection with Recent Fire in Kuta
(7/27/2015)
Wine as a Spectator Sport
St. Regis Bali Resort and The Laguna, a Luxury Collection Resort and Spa Win Honors from Wine Spectator Magazine
(7/27/2015)
Happy Birthday to You, You Live in a Zoo!
Celebrating National Childrenís Day with Bali Safari and Marine Park
(7/26/2015)
Seeking Relief in High Places
Tourists Complain About Limited Public Toilet Facilities at Kintamani Volcano. Toilets Installed by Government at Georpark Complex Locked and Without Water
(7/26/2015)
Baliís Seeking a New Chief of Police
Bali Police Chief Ronny Sompie Appointed to Civilian Post as Director General of Immigration
(7/26/2015)
Pay at the Door
Bali Collects US$36.9 million in Visa Fees During First Four Months of 2015
(7/26/2015)
New HIV/AIDS Infections up 50% in Three Years
The Majority of New HIV/AIDS Cases in Bali Linked to Heterosexual Contact
(7/26/2015)
After Iím Gone
Outgoing Regent Defends Building Boom for New Hotels But Insists The Building will Stop Once Badung Exceeds its Carrying Capacity
(7/26/2015)
Managing Growth in Tourist Arrivals
Indonesian Tourism Adamant Foreign Tourists Arrivals Can be Doubled in Just 5 Years
(7/26/2015)
Floating an Idea
North Bali Adventure in Lovina Urged to Tow Floating Water Park to Shore Until Licenses and Permits are in Hand
(7/26/2015)
To Kingdom Come
Wego.com Says Indonesian Domestic Travel Now Prefer Yogyakarta Over Bali
(7/26/2015)
All [News]!