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Garuda Indonesia operating profit increases fourfold in 3Q2011

2-Nov-2011 11:43 AM

Garuda Indonesia revenue up 40% - financial highlights for three months ended 30-Sep-2011:

  • Total revenue: USD779.9 million, +40.0% year-on-year;
  • Total costs: USD699.1 million, +30.1%;
    • Fuel: USD269.0 million, +55.7%;
  • Operating profit: USD80.8 million, +311.9%;
  • Total assets: USD2025 million, +26.0%;
  • Total liabilities: USD1229 million, -1.7%;
  • Passenger numbers: 4.5 million, +28.7%;
  • Seat load factor: 78.3%, +1.8 ppt;
  • Passenger yield: USD 10.30 cents, +19.5%;
  • Cargo volume: 54,984 tonnes, +3.4%;
  • Cargo load factor: 28.8%, -8.3 ppts;
  • Cargo yield: USD 37.42 cents, +23.3%;
  • Cost per ASK: USD 7.83 cents, +13.6%. [more – original PR]

*Based on the conversion rate at USD1 = IDR8850

Garuda Indonesia: “Domestic and International traffic remains robust, whereas the rest quarter SLF will be higher quarter-on-quarter, while yield have stay stable. Encouraging advance booking." Company statement. Source: Garuda Indonesia, 01-Nov-2011.