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 Numbers Soar
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 Numbers Soar

Garuda Indonesia Reports Higher Revenues and Lower Losses for Q1 2011.


Bali News: Indonesia, Garuda Indonesia, Emirsyah Satar, revenues, profits, dividends
Click Image to Enlarge

(4/30/2011)

Detikfinance.com reports the Garuda Indonesia enjoyed a rousing start to the 2011 achieving an income of Rp. 5.189 trillion (US$565.5 million) for Q1 2011, 49% more than the Rp. 3.486 trillion (US$287.3 million) income booked in Q1 2010. The strong sales figures by the Indonesian national carrier were revealed by the CEO of Garuda, Emirsyah Satar at a shareholder's meeting held in Jakarta on Friday, April 29, 2011.

The improved revenues translated into a 28% decline in operating losses in Q1 2011 as compared to the same period one year before. Garuda's operating loss in Q1 2011 totaled Rp. 258 billion (US$28.6 million). Emirsyah said: "Every first quarter cycle there is always a loss. But this year it's 28% less than last year. " At the same time Emirsyah refused to share results for the net profit of the company for Q1 2011, saying this information will be contained in a formal report from the Indonesian Stock Exchange.

The total number of passengers carried by Garuda in the first three months of 2011 was 3.67 million, an increase of 42% over Q1 2010.

Meanwhile, the productivity of the airline as measured by "availability seat kilometer (ASK)" has also improved by 40% to 5.2 billion "seat kilometer." ASK is the sum or the total seats available multiplied by the distance flown during the subject period. "Thus, our passenger yield has improved 71.7%," said Emirsyah.

During the shareholder's meeting the net profit of Garuda for calendar 2010 was reported at Rp. 515,521 billion (US$57.3 million). The 2010 profit will be used to compensate losses incurred in preceding years and, as such, no shareholder's dividend will be distributed by Garuda at this time.


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

       

 
Plaga Wine
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
... And the Law Won
Amokrane Sabet (49) French Expat Wanted for Questioning Shot Dead in Altercation with Bali Police
(5/2/2016)
End of an Era in Bali-Australia Tourism
Garuda Orient Holiday Australia Closing
(5/2/2016)
Plays Latin, Our Satin Doll
Jazz Legend Nits Aartsen to Perform at Casa Luna Restaurant in Ubud, Bali Sunday, May 22, 2016
(5/2/2016)
Slapping a Roaming Wrist
Noa Pardue Gets Off with Rp. 250,000 Fine for Stealing a Pair of Underwear from an Ubud Shop
(5/2/2016)
Taking Out the Garbage
PT NOEI Fired From its Management Role at TPA Suwung Rubbish Dump
(5/2/2016)
A Northern Approach to Bali
Governor to Issue Recommendation for Dwijendra International Airport in North Bali
(5/2/2016)
Solemen Fun Day at Waterbom Park
Solemen Dispenses Smiles and Fun Memories to Some of Baliís Most Downtrodden
(5/2/2016)
Saving the World, One Island at a Time
Lembongan Island Says No to Plastic on Earth Day 2016
(5/2/2016)
An Epitaph Written at Stones
Australian Teen Dies in Bali While Illegally Operating a Motorcycle
(5/2/2016)
Carmen Miranda: Hey, Thatís my Hat!
Balinese Village Build 2.5-Meter High Tower of Fruit as Offering to Monkeys at Alas Kedaton
(5/2/2016)
Be an Idol!
Open Mike Amateur Night for Aspiring Singers with the Bali Community Choir at The Onion, Sanur, Bali on Tuesday, May 17, 2016
(5/2/2016)
Sink and Win!
Emirates Airlines Sponsors Hole in One Extravaganza at Bali National Golf Resort
(5/2/2016)
All [News]!