Garuda flying higher with improved results
Garuda Indonesia doubled its comprehensive income in 2012 compared with 2011, rising from US$72.7 million to US$145.4 million.
The Indonesian carrier showed consistent progress across the board, with an increase of 72.6% in net profit from US$ 64.2 million in 2011 to US$ 110.8 in 2012, while passenger numbers increased by 19.6% with 20.4 million carried.
In Australia and the South West Pacific region, Garuda Indonesia’s operations saw a passenger increase of 20.0%, while flight frequencies increased by 22.1% from 1,537 to 1,877.
In 2012 Garuda Indonesia introduced 22 new aircraft, raising the total number of aircraft in operation to 106, with an average age of 5.8 years.
Ian Jarrett
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