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 · Bullish on Garuda
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

Bullish on Garuda

Garuda Indonesia CEO Optimistic Airline Will Continue to Grow Even in Difficult Times for Global Aviation


Bali News: Indonesia, Garuda Indonesia, Emirsyah Satar, CEO, Income Growth, International Air Transport Association, IATA, growth targets
Click Image to Enlarge

(3/23/2012)

Garuda Indonesia is targeting a 20% increase in income in 2012 over 2011, hoping to achieve sales of Rp. 32.6 trillion (US$3.55 billion).

The increase in income will be bolstered by an expanded fleet of aircraft despite projections from the International Air Transport Association (IATA) predicting a decline in worldwide income for airlines due to the ongoing economic crisis in Europe.

Garuda’s CEO, Emirsyah Satar, told Bisnis.com, “I am optimistic that income will still grow above 20% when compared to last year which totaled Rp. 27.16 trillion, even though IATA is reducing growth in passenger income due to the crisis in Europe.”

The Garuda boss defended his airline’s ambitious growth targets by pointing to the high growth rate of the Indonesian economy and the tendency for airline growth to outpace by a factor of 1.5 to 2 the growth rate of the host nationsl economy. Emirsyah also points to the global economic crisis of 2008, when domestic and international passengers for Indonesia continued to expand.

Emirsyah is bullish on Garuda’s competitive edge over its foreign competitors. Garuda’s income grew 39% in 2011 and profits by 60%. Meanwhile, during the same period foreign airlines only managed to increase their incomes by 2% while profits declined 59%.

Related Article

[Garuda Indonesia Soars High
 


© 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
Kiwi’s Keen on Bali
Air New Zealand Looking to More than Double Passenger Capacity Between Auckland and Bali in 2018
(7/23/2017)
Silhouettes that Break Cold Sweats
Bali Police Install Replica Police Cars on Road Sides to Reduce Traffic Violations
(7/23/2017)
An Unexplained Death
New Zealander Dies After a Night of Drinking at an East Bali Hotel
(7/23/2017)
The Belgium Who Fell From Above
Belgium Tourist Commits Suicide By Jumping from Villa North of Ubud
(7/24/2017)
No Shortage of Oranges
Bali’s Kintamani Orange Prices Drop to Record Lows
(7/23/2017)
Purposely Vague Recollections
Man Beaten By Transvestites and Left Naked in a Bali Field Released from Hospital
(7/23/2017)
Now Infamously Famous
Actor Jeremy Thomas to Have His Day in Court on Charges of Embezzlement and Fraud in Ubud Property Case
(7/23/2017)
A Young Life Gone Up in Smoke
Italian Facing a Dozen Years in Jail for Three Joints of 'Ajapa-japa'
(7/23/2017)
Pursuing Princesses
Princess Cruise Lines Lists Improvements Needed to Attract More Cruise Ship Visits to Indonesia
(7/23/2017)
Tropical Cancer Care
Bali Developing Cancer Treatment Center at Mangusada General Hospital
(7/23/2017)
Arshole Incarceration
Madurese Laborer Get 12-years for Smuggling Methamphetamines Concealed in his Anus
(7/23/2017)
Faulty Towers
Bali-based Resistance to “Bali-Crossing” High Voltage Line Grows
(7/23/2017)
All [News]!