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Garuda Indonesia revenue down 7%, net profit surge, expects 2010 revenue to jump 15%

18-Mar-2010 12:12 PM

Garuda Indonesia revenue down 7% - financial/traffic highlights for the 12 months ended 31-Dec-2009 (Jakarta Post/The Jakarta Globe, 17-Mar-2010):

  • Revenue: USD1,835 million, -7% year-on-year;
  • Operating profit: USD88.8 million, n/a;
  • Net profit: USD111.0 million, +50%;
  • Passenger numbers: 10.3 million, +3%;
  • 2010 Forecast:
    • Revenue: n/a, +15%.

*Based on the conversion rate at USD1 = IDR9,100