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Garuda Indonesia's revenue soars 50%, operating loss narrows in 1Q2011

5-May-2011 11:35 AM

Garuda Indonesia revenue soar 50% – financial* highlights for the three months ended 31-Mar-2011:

  • Total revenue: USD607.3 million, +49.7% year-on-year;
  • Total costs: USD637.6 million, +42.3%;
    • Fuel: USD229.3 million, +73.6%;
  • Operating profit (loss): (USD30.3 million), compared with a loss of USD42.3 million in p-c-p;
  • Net profit (loss): (USD21.5 million), compared with a profit of USD2.1 million in p-c-p;
  • Total assets: USD1919 million, +20.0%;
  • Total liability: USD1162 million, -2.6%;
  • Passenger numbers: 3.7 million, +42.3%;
    • Domestic: 2.6 million, +44.7%;
    • International: 706,886, +34.0%;
  • Load factor: 71.7%, +4.6 ppts;
    • Domestic: 73.5%, +6.3 ppts;
    • International: 70.1%, +2.5 ppts;
  • Passenger yield: USD 8.60 cents, +2.9%;
    • Domestic: USD 10.44 cents, -3.8%;
    • International: USD 7.54 cents, +11.7%;
  • Cost per ASK: USD 7.64 cents, +9.6%;
    • Domestic: USD 8.75 cents, +6.7%;
    • International: USD 6.77 cents, +9.2%;
  • Cost per ASK excl fuel: USD 4.66 cents, -0.5%;
    • Domestic: USD 5.61 cents, -0.5%;
    • International: USD 3.94 cents, -4.6%. [more]

* Based on the conversion rate USD1 = IDR8545