Garuda Indonesia still positive despite loss
Garuda Indonesia made a US$21.9 million loss in the first half of the year, 

blaming rising operating costs, including fuel and personnel,


Garuda’s president director, Emirsyah Satar, said that despite the loss, the company’s performance was one of its best because it managed to lift revenue. 




“We’re still positive in our outlook this year, because Indonesia’s macroeconomic projection will pave the way for increasing purchasing power,†Emirsyah told the Jakarta Post.
“We will keep investing in promoting sales and ticketing so that we can fill our seats months beforehand, focusing on the domestic market by boosting frequency, expanding and rejuvenating our fleet, increasing the quantity and quality of our human resources and maintaining cost discipline,†

Emirsyah added.
Garuda’s finance director, Elisa Lumbantoruan, said it would boost flight frequency instead of opening new routes, and hike fares and distribution of business class seats to boost revenue and offset rising fuel costs. 


“We’re not going to hedge fuel costs because we believe the fuel price will decrease.”
Elisa said a 13-hour strike by members of the Garuda Pilots Association last Thursday to demand wage parity between Indonesian and foreign pilots had little effect on the company’s finances. “It was small, almost nonexistent,†he said
Ian Jarrett
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