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Garuda Indonesia revenue up 9% but profits plummet in 2010

1-Apr-2011 12:24 PM

Garuda Indonesia revenue up 9% – financial highlights for the 12 months ended 31-Dec-2010 (Antara, 31-Mar-2011):

  • Total operating revenue*: USD2244 million, +9.4% year-on-year;
  • Operating costs: USD2252 million, +15.7%;
    • Fuel: USD726.6 million, +26.9%;
  • Operating profit (loss): (USD7.7 million), compared to a profit of USD105 million in p-c-p;
  • Profit before tax: USD8.7 million, -91.3%;
  • Net profit: USD59.2 million, -49.4%;
  • Total assets: USD1570 million, -7.7%;
  • Cash and cash equivalents: USD135.3 million, -31.6%;
  • Total liabilities: USD1173 million, -11.9%;
  • Passenger numbers: 13.0 million, +26.2%;
  • Load factor: 71.7%, -1.4 ppt;
  • On-time performance: 80.2%;
  • Passenger yield: USD 8.60 cents, +13.7%. [more]

* Based on the conversion rate USD1 = IDR8,705