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 · 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: Bullish on Garuda
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
Bali Shall Not Forget
Mark the Date: Bali Remembers Pan Am 812 – April 22, 2014
(4/14/2014)
Wear Your Easter Bonnet
Book a Seat or a Table for the “Diva’s Lunch” at Jemme Restaurant on Friday, April 25, 2014
(4/14/2014)
Paying More, Getting Less
Lawmakers and Public Complain About Increase Passenger Service Charges at Bali’s Airport
(4/14/2014)
Pets Not Welcome
Bali Police Cracking Down on Pet Smuggling from Java
(4/14/2014)
Education for Excellence
STPBI Now Providing Certified Hotel Administration Training in Bali
(4/14/2014)
Bali as a Cheapening Destination
Moratorium on New Rooms in Bali Needed to Stop Bali’s Decline into a Cheap Destination
(4/14/2014)
Indonesia Takes Delivery of RI-1
Indonesia Get its First Presidential Jet
(4/14/2014)
Flying into Trouble
Indonesian Air Force Compel Swiss Aviator Heinz Pier Violating National Airspace to Land in North Sumatra
(4/14/2014)
Tiger Vanishing in Thin Air
Tigerair Mandala Continues to Shrink and Cancel Routes
(4/15/2014)
More Fiber Optic Service for Bali
Telkom Investing to Increase Fiber Optic Network in Bali and Throughout Indonesia
(4/14/2014)
Giving Channel Seven Australia an Aussie Salute
Editorial: Calling on Channel Seven Australia To Give Bali a “Fair Go” in How its Represented to the Australian Public
(4/14/2014)
Indecision is Expensive
Bali Urged to Quickly Decide Location of New Airport of the North
(4/14/2014)
All [News]!
 
Tourism and Transport Tourism Agents