News
Garuda Indonesia Earns USD 2.39 Billion as of Q3 2012
As of the third quarter of 2012, Garuda Indonesia had earned a consolidated operating revenue of USD 2.39 billion, an increase of 14.4 percent over the USD 2.08 billion in the same period last year. This figure includes USD 92.75 million in income from operations, a substantial increase of some 140.4 percent over the USD 38.60 million earned in the same period last year. The airline’s comprehensive income also rose by 108.2 percent from USD 29.2 million to USD 60.8 million over the same period.
This increase in revenue and income was bolstered by positive contributions and improved performances in various aspects of the airline’s operations, including increased passenger numbers and cargo volumes. The airline’s capacity, in terms of available seat kilometres, also increased in parallel with the increase in flight frequency that resulted from the addition of new aircraft to the Garuda Indonesia fleet.
These improvements in the financial and operational performances of the airline are due to the contributions of programmes consistently carried out by the company in accordance with its Quantum Leap 2011 – 2015 strategy, which covers operational expansion, improvement in service quality and reduction of inefficiency. Quantum Leap 2011 – 2015 is a strategic programme which aims to develop Garuda Indonesia into a highly competitive airline of the future.
