Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Flying More, Earning Less
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Flying More, Earning Less

Garuda Blames Q1 Losses on Worldwide Seasonal Decline in Air Travel

Bali News: Indonesia, Garuda Indonesia, Emirsyah Satar, Losses, profitability, Citilink, Handito Hardjono
Click Image to Enlarge


Indonesian national flag carrier Garuda Indonesia recorded a net loss in Q1 of 2013 amounting to US$33.7 million, a worsening by 215% over the results reported by the Airline in Q1 2012. quoted the CEO of Garuda, Emirsyah Satar, who blamed the drop in profitability on reduced demand for seats affecting many carriers internationally.

Said Satar at a press conference in Jakarta on Tuesday, April 30, 2013, ”So this downturn was not only experienced by Garuda, but by all airlines.”

He went on to explain that an annual cyclical slowdown in airline traffic occurs worldwide during Q1. Adding, “the factor of extreme weather during Q1 of each year also contributes to reduced demand.”

The financial director of Garuda, Handito Hardjono contributed that a number of factors converged to reduce profit by 20.7% or US$20.1 million over the first three months of the year.

And, while the Airline suffered losses in Q1, Garuda's income actually experienced a 12.5% increase from US$717.4 million in 2012 to US$807.2 million for the first quarter of 2013.

Garuda Indonesia Group’s market share increased from 30,3% to 35.2% in Q1 2013, These market share figure also include Garuda’s subsidiary Citilink who managed to increase their market share in Q1 from 3% to 6.9%.

Passenger uplift by Garuda during Q1 2013 increased 20.7% to 5.56 million passengers. Meanwhile, cargo uplift increased 24.2% totaling 81.300 tons.

Flight frequencies flown by Garuda increased 23.5% operating 44,224 flights during the first quarter of 2013.

Also during the first quarter of 2013, Garuda took delivery of four new Airbus A320s and two Bombardier CRJ-199s

Garuda Indonesia now operates a fleet of 112 planes.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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's Best Dining and Bars
Baliís Best Restaurants, Bars, And Cafes 2015 Crowned
Pray for Rain
Extended Drought Threatens Severe Water Shortage in Kuta and Other Areas of Bali
Double Bladed Consequence
Italian Tourist Goes berserk and Attacks Warung Owner with a Knife in Sanur Bali
A Night at the Museum
Baliís Arma Museum Named the Nationís Best Privately Owned Museum
Keeping Ahead of the Wave
New Tsunami Early Warning System Tower at Kedungu Brings to 9 the Total Number of Tsunami Warning Towers in Bali.
Needed: Stroke of Good Luck
New Kuta Golf Course 8th Anniversary October 10-11, 2015
A Ban on Reclamation?
Maritime Affairs Minister Announces Plans for a Moratorium on Reclamation of Seashores Nationwide
Liberalizing Indonesiaís Cruise Sector
Foreign Flagged Cruise Ships Allowed to Carry Domestic Passengers
Dogs Tied to a Poll
Bali Post Conducts Public Opinion Survey on Governmentís Response to the Rabies Crisis
Everything on your Plate
Police and provincial Authorities Warn that Motor Vehicles Staying More than 3 Months in Bali Must Convert to Local Police License Plates
Pearls of Wisdom
Pearls of North Bali and the Women Who Fashion Them at Living Lobby Art Exhibition Masters Showcase at Conrad Bali Resort Through January 10, 2015
When Kids Communicate and Collaborate
Global Issues Network Conference in Bali October 16-18, 2015
All [News]!