Garuda Indonesia lifts on profit surge
JAKARTA – Garuda Indonesia is lifting its profit expectations for 2007 following a 141 per cent growth in the global profit for the first half of the year.
The Indonesian national carrier reported a profit of Rp 148 billion (approx US$15.5m) in the half year to June, which includes the low season and is usually its weaker half.
The airline reports that, thanks to consolidation measures undertaken in recent times, it has improved its revenue, passenger volumes, load factor and yield.
Garuda Indonesia’s regional manager, Southwest Pacific, Suranto Yitnopawiro, says Garuda Indonesia’s traffic from Australia to Bali has more than doubled that of the first half of 2006, reflecting an increasingly strong surge in the overall numbers of Australians visiting Bali for holidays.
The number of Australians arriving in Bali during the first half of the year lifted from 52,574 to 85,860.
Bali is now Australia’s fourth most popular holiday destination, behind New Zealand, Thailand and the USA. Its share of the total Australian holiday market has grown by 44.5 per cent over the most recent half year.
Garuda Indonesia plans to bring in 25 new Boeing 737-800s Next Generation aircraft from 2009. These planes, already on order, are in addition to the Boeing 737NG types already operating on GA’s twice-daily services from Perth, and also in addition to the 10 Boeing series 8 (B787-8) Dreamliners ordered for delivery in 2011.
Ian Jarrett
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